Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


One million smart electricity meters now installed

One million smart electricity meters now installed


The rollout of smart electricity meters has reached a milestone with one million of the electronic meters now installed in New Zealand homes and businesses.

New Zealand’s smart meter rollout has largely been driven by three of the large electricity retailers who have used it as an opportunity to gain a competitive edge in the market. In most other countries where smart meters have been implemented the rollout has been mandated.

Carl Hansen, Chief Executive of the Electricity Authority says New Zealand’s approach is paying off for consumers. “Strong competition between retailers has meant the meters are being installed free of charge to consumers. In other countries, consumers have been charged up to $900 to have a smart meter installed.

“Customers are now also seeing the benefits of more innovative pricing and services, for example many retailers are now marketing special packages for those with smart meters, particularly to encourage and reward off-peak electricity usage.”

Smart meters also mean consumers are able to monitor their electricity usage more closely which can assist with reducing electricity consumption.

Genesis Energy has installed the most smart meters with 395,754 connection points (including those installed for its Energy Online brand).

By April 2015 it is estimated there will be more than 1.2 million smart meters in New Zealand, with just over 800,000 of the traditional meters remaining.

Note: All data as at 31 December 2013. On this date 1,001,475 of the 2,066,827 connection points in New Zealand were recorded as having smart meters installed.


— ends —

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Company Results: Air NZ Rides The Tourism Boom With Record Full-Year Earnings

Air New Zealand has ridden the tourism boom and staved off increased competition to deliver the best full-year earnings in its 76-year history. More>>

ALSO:

New PGP: Sheep Milk Industry Gets $12.6M Crown Funding

The Sheep - Horizon Three programme aims to develop "a market driven, end-to-end value chain generating annual revenues of between $200 million and $700 million by 2030," according to a joint statement. More>>

ALSO:

Half Full: Fonterra Raises Forecast Milk Price

Fonterra Co-operative Group Limited today increased its 2016/17 forecast Farmgate Milk Price by 50 cents to $4.75 per kgMS. When combined with the forecast earnings per share range for the 2017 financial year of 50 to 60 cents, the total payout available to farmers in the current season is forecast to be $5.25 to $5.35 before retentions. More>>

ALSO:

Keep Digging: Seabed Ironsands Miner TransTasman Tries Again

The first company to attempt to gain a resource consent to mine ironsands from the ocean floor in New Zealand's Exclusive Economic Zone has lodged a new application containing fresh scientific and other evidence it hopes will persuade regulators after their initial application was turned down in 2014. More>>

Wool Pulled: Duvets Sold As ‘Premium Alpaca’ Mostly Sheep’s Wool

Rotorua business Budge Collection Limited (Budge) and sole director, Sun Dong Kim, were convicted and fined a total of $71,250 in Auckland District Court after each pleading guilty to four charges of misrepresenting how much alpaca fibre was in their duvets. More>>

Reserve Bank: Labour Calls For Monetary Policy To Expand Goals

Labour's comments follow a speech today by RBNZ governor Graeme Wheeler in which Wheeler sought to answer critics who variously say he should stop lowering interest rates, lower them faster, or that inflation-targeting should no longer be the primary goal of the central bank's activities. More>>

ALSO:

BSA Extension And Sunday Morning Ads: Digital Convergence Bill Captures Online Content

Broadcasting Minister Amy Adams has today announced the Government’s plans to update the Broadcasting Act to better reflect today’s converged market... The Government considered four areas as part of its review into content regulation: classification requirements, advertising restrictions, election programming and contestable funding. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news