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

 


Group of Canterbury schools achieve $403,000 power savings

Media Release March 2014


Schneider Electric Cuts Annual Electricity Bill to 84 Canterbury Schools by $403,000

The task of managing utility bills is top-of-mind for schools following the capping of government contributions to these costs, and one group of primary school chiefs is responding with assertive cost management. In September 2013, the Canterbury Primary Principals’ Association (CPPA) engaged energy solutions company Schneider Electric to source the best electricity rates in the market for their member schools, suspecting that en masse, they could negotiate a better deal.

That belief was borne out: Schneider Electric has since confirmed that of the 89 school electricity loads taken to market, a lower electricity tariff was obtained for 84. The average monthly saving for each of the 84 primary schools is $400 (a 17% reduction); the average annualized saving is $4,800; the largest annualized saving for a single school is $18,348; and the combined annualized saving for all 84 is a staggering $402,912.

Through Schneider Electric’s taking the schools to market together, the schools took advantage of the company’s activity and experience in the electricity market – it placed contracts worth more than $20 million in 2013 – and the economies of scale achieved by a collective approach. The company acted as a project manager, assessing each school’s power usage and needs and securing the more favourable rates, and charging a minimal one-off cost to each participant.

Ray Dunn, Schneider Electric New Zealand’s Country President, says, “Particularly in South Island regions, where school heating costs are highly variable depending on the severity of the winter months, it is essential to ensure that the best possible rate has been obtained. We were able to work collaboratively with the CPPA and its network of 209 schools, and take some of the burden off school administrators by using our experience and knowledge, as a company focused on creating energy efficiencies, when approaching power suppliers.

“The new deal has been in place since November 2013, and already a 17% average reduction has been recorded, which demonstrates the potential for other schools and organizations to make their power bill work smarter for their budgets. The bottom-line efficiencies created for this group of schools will have a long-term, beneficial effect, and enable schools to re-allocate the savings to other important areas.”

CPPA Member and Belfast School Principal Peter Simpson says, “The process with Schneider Electric was very simple and seemed a no-brainer for our network of CPPA member schools. Belfast School’s annual saving equates to approximately $9,000, which will go a long way towards helping us meet the actual cost of our heat, power and water bills.

“Currently, we and all other schools receive an annual capped grant from the government towards this cost, but this falls short of the real cost by $10,000 to $15,000 each year – our actual bill last year was $37,500. The saving has enabled us to take some of the pressure off and direct funding to other areas.”

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Tourism: China Southern Airlines To Fly To Christchurch

China Southern Airlines, in partnership with Christchurch Airport and the South Island tourism industry, has announced today it will begin flying directly between Guangzhou, Mainland China and the South Island. More>>

ALSO:

Dodgy: Truck Shops Come Under Scrutiny

Mobile traders, or truck shops, target poorer communities, particularly in Auckland, with non-compliant contracts, steep prices and often lower-quality goods than can be bought at ordinary shops, a Commerce Commission investigation has found. More>>

ALSO:

Auckland Transport: Government, Council Agree On Funding Approach

The government and Auckland Council have reached a detente over transport funding, establishing a one-year, collaborative timetable for decisions on funding for the city's transport infrastructure growth in the next 30 years after the government refused to fund the $2 billion of short and medium-term plans outlined in Auckland's draft Unitary Plan. More>>

ALSO:

Bullish On China Shock: Slumping Equities, Commodities May Continue, But Not A GFC

The biggest selloff in stock markets in at least four years, slumping commodity prices and a surge in Wall Street's fear gauge don't mean the world economy is heading for another global financial crisis, fund managers say. More>>

ALSO:

Real Estate: Investors Driving Up Auckland Housing Risk - RBNZ

The growing presence of investors in Auckland's property market is increasing the risks, and is likely to both amplify the housing cycle and worsen the potential damage from a downturn both to the financial system and the broader economy, said Reserve Bank deputy governor Grant Spencer. More>>

ALSO:

Annual Record: Overseas Visitors Hit 3 Million Milestone

Visitor arrivals to New Zealand surpassed 3 million for the first time in the July 2015 year, Statistics New Zealand said today. The record-breaking 3,002,982 visitors this year was 7 percent higher than the July 2014 year. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news