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

 


Improving prepayment electricity schemes


Improving prepayment electricity schemes could benefit households

As power prices continue in an upward trend as reported in the latest Consumer Price Index, a new study shows households looking to find ways to make savings could benefit from using prepayment metering.

Just published in the international journal Sustainable Cities and Society, the University of Otago, Wellington study describes in-depth interviews with 12 households in the lower North Island.

Households reported a high level of satisfaction with using prepayment metering for electricity, despite the higher prices charged in New Zealand for the service.

The study was undertaken by Dr Kimberley O’Sullivan, Helen Viggers, and Professor Philippa Howden-Chapman of the He Kainga Oranga/Housing and Health Research Programme. It found households using prepayment metering benefit from more immediate feedback on their electricity use and find it easier to budget.

Households used their prepayment meters to put a price on using different electrical appliances such as heaters, ovens, and clothes driers. This allowed them to make more informed choices about how they budget their electricity use within the home.

However, Dr O’Sullivan cautions that fairer pricing for prepayment and better consumer protections are required to level the playing field.

“I would like to see the Government step up and follow the example of Northern Ireland, where prepayment meter prices are required to be less expensive than standard billing, and stronger consumer protections around crediting and disconnection are in place,” Dr O’Sullivan says.

Previous nationwide surveys carried out by He Kainga Oranga have found that mostly low-income households use prepayment. It is unfair that these households have to pay more for their electricity despite paying in advance and having no risk of debt-accrual to companies, Dr O’Sullivan says.

Competition in the prepayment market is also decreasing, with Contact Energy no longer accepting new prepayment customers, and only one retailer offering prepayment in most areas where it is available.

Prepayment metering could have significant advantages for managing household energy consumption from an environmental perspective, Dr O’Sullivan says.

“Better feedback about the cost of using electricity within the home can help to encourage energy efficiency. That’s good for budgets and the environment where there is room for people to make savings. For some households who are not using enough electricity to keep warm though, there is a risk that they will be put off using heating and go cold.”

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

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:

March 2017: Commerce Commission Delays Decision On Fairfax-NZME

The Commerce Commission has delayed its decision on the proposed merger between NZME and Fairfax Media's New Zealand assets, saying the deal is complex and it needs more time to assess the impact on both news content and the advertising market. More>>

ALSO:

Plan Plan: Permanent Independent Hearings Panel Proposed For Planning

The Productivity Commission recommends creating a permanent independent hearings panel like the one that cut through local politics to settle Auckland’s Unitary Plan, for the whole country. More>>

ALSO:

Statistics: NZ Jobless Rate Falls To 5.1% Under New Methodology

New Zealand's unemployment rate fell more than expected in the second quarter as Statistics New Zealand adopted a new way of measuring the labour market to bring the country in line with international practices, and while a growing economy continued to support jobs growth. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news