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

 


New technology reduces household power bills

New technology reduces household power bills

Mighty River Power today confirmed that the most active users of the Company’s free Good Energy Monitor (GEM) service reduce their power consumption by more than 3% and save on their bills.

Chief Executive, Doug Heffernan, said the widespread application of ‘smart’ meter technology in New Zealand had opened up the opportunity for the Company’s main consumer brand, Mercury Energy, to launch GEM in March last year.

Dr Heffernan said early analysis “clearly shows that large numbers of our residential customers are making good use of the service to take more control of their energy costs, over and above energy savings made by other customers”.

“We are beginning to see a change in the way New Zealanders think about and manage their energy consumption. This is solid evidence that customers using this new technology, which provides better visibility and information, are also taking action and reducing their household power bills.

“The group of customers who use GEM most actively are already saving 3.4% more power than customers who don’t use GEM. The average reduction in consumption across all customers actively using GEM is 1.4%, compared with customers not yet using this technology. What this means is that GEM customers are already on track to save a combined total of about $2 million on their annual power bills.

“That’s a win-win because, along with the customer savings, we are also seeing early evidence that these customers are beginning to value GEM and the service we provide and are more likely to stay with Mercury Energy as a result. This backs our approach of investing in added-value customer services.” Since the launch of GEM, the number of active users has grown to around 80,000 households, which is over a quarter of Mercury Energy’s residential customer base.

Dr Heffernan said in a highly-competitive market, value-differentiated services from retailers would be increasingly important to customer experience and retention of customers and that “the Company has further service innovations in development”.

GEM recently won Gold at the NZ Direct Marketing Awards, being recognised for its innovation in reshaping the Utilities and Communications category.

About GEM (Good Energy Monitor)

• GEM is an online energy monitoring service (and email alerts) that provides customers with up-to-date information about their electricity usage and budgeting information, along with savings tools. Visit http://www.mercury.co.nz/GEM.aspx.

• The comparison period was usage for April - December 2012 versus April - December 2013 and the savings were normalised against other customers in the same period (who did not use GEM) and for climatic effects. Actual savings will vary depending on the customers’ pricing terms and usage patterns.

ENDS.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

R18: The Warehouse Group Praised For Removing Games

The decision by New Zealand’s largest retailer The Warehouse Group (TW Group), to withdraw stocks of the latest version of Grand Theft Auto V (GTA V) and other R18 games, has been praised by advocacy group Stop Demand Foundation. More>>

ALSO:

Air NZ Wine Awards: Victory For Villa Maria As Pinot Noir Thrills

It was a night to remember as Villa Maria Estate picked up one of the highest accolades of the evening, the O-I New Zealand Reserve Wine of the Show Trophy, at the 28th Air New Zealand Wine Awards. The Villa Maria Single Vineyard Southern Clays Marlborough ... More>>

ALSO:

Future Brighter Money: RBNZ Releases New Bank Note Designs

New Zealand’s banknotes are getting brighter and better, with the Reserve Bank today unveiling more vibrant and secure banknote designs which will progressively enter circulation later next year. More>>

ALSO:

Commerce: Supermarket Inquiry Finds No Breaches By Countdown

The Commerce Commission inquiry into anti-competitive behaviour by Countdown supermarkets, alleged by former Labour Party MP Shane Jones, has found nothing to warrant prosecution, although it warns supermarkets to take care in the way they communicate... More>>

ALSO:

Crown Accounts: English Flags ‘Challenge’ To Budget Surplus

Finance Minister Bill English is warning next month’s half yearly fiscal and economic update from the Treasury may not forecast a budget surplus, saying that returning the government’s accounts to surplus in 2015 will be “a challenge”, given the decline in commodity prices and weak global inflation. More>>

ALSO:

March 2015: Netflix To Launch In Australia And New Zealand

World’s Leading Internet Television Network to Offer Original Series, Movies, Documentaries, Stand-Up Comedy Specials and TV Shows for Low Monthly Price More>>

ALSO:

Price Of Cheese (Is Up): Dairy Product Prices Fall To Five-Year Low

Dairy product prices fell in the latest GlobalDairyTrade auction to the lowest level in more than five years, led by declines in rennet casein and skim milk powder. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news