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

 

Statistics: Business Research And Development Up 29 Percent

Computer services and machinery manufacturing firms led the way in an almost 30 percent lift in business spending on research and development (R&D) in 2016, Stats NZ said today. Businesses spent $1.6 billion on R&D in 2016, up $356 million (29 percent) from 2014. More>>

ALSO:

China Shopping: NZ-China FTA Upgrade Agreed Among Slew Of New Deals

New Zealand Prime Minister Bill English and China Premier Li Keqiang signed off a series of cooperation deals spanning trade, customs, travel and climate change and confirmed commencement of official talks on an upgrade to the nine-year old free-trade agreement between the two countries. More>>

ALSO:

Media: TVNZ Flags Job Cuts To Arrest Profit Decline

Chief executive Kevin Kenrick said the changes were aimed at creating "a sustainable future video content business for TVNZ in an ever-changing media market." More>>

ALSO:

Reserve Bank: Wheeler Keeps OCR At 1.75%

Reserve Bank governor Graeme Wheeler kept the official cash rate unchanged at 1.75 percent, as expected, and reiterated his view that the benchmark rate doesn't need shifting for the foreseeable future. More>>

ALSO:

Trade Plans: Prime Minister's Speech To International Business Forum

"The work to improve public services, build infrastructure, and solve social problems is possible only because we have enjoyed sustained, solid economic growth. A big reason for that is the Government’s consistent agenda of economic reform, and our determination to open up more opportunities for trade with the world." More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news