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

 


New deal for cheaper power signed

The Employers & Manufacturers Association (Northern) and Energy Options Ltd announced today they have signed a deal to deliver cheaper electricity to association member companies.

The agreement results from the new opportunities presented by the arrival of the competitive electricity market and the group buying power represented by EMA’s 5000 member businesses.

EMA’s chief executive Alasdair Thompson said the amount firms can expect to save is typically about 20 per cent of their present power costs, though when network and transmission costs are included, the saving is about 10 per cent.

“The savings available differ depending on a firm’s present supply arrangements, where it is located, and the electricity company they are with at present,” Mr Thompson said.

“Smaller firms on the North Shore, West Auckland, Coromandel/Thames, Tauranga, Rotorua, Taupo and Waipa can all expect to save around 10 per cent of their total power bill. Businesses in Central and South Auckland can expect to save about 12 per cent.

“An Auckland company using around $1400 of power a month can expect to save over $2000 a year.

“Regrettably there are some areas where we cannot make an offer leading to power savings at this time.

“The agreement is pitched mainly at small to medium size businesses. A separate arrangement for larger businesses, those using more than about $25,000 of electricity a year, is proposed. On their behalf, EMA Northern and Energy Options plan to tender for long term power contracts.”

Energy Options chief executive Donald Cheesman said the deal represented an exciting new era for the competitive supply of electricity retailing.

“Our goal is bring competitive electricity pricing to those customers who have not yet seen the benefits of the recent electricity industry reforms, and to ensure they find switching to a new supplier is easy and risk free.”

“Many users do not appreciate one of the impacts of the reforms is that the reliability of supply will not be affected if they switch retailers. The decision on which supplier to employ comes down to price and service.

“Energy Options is a new electricity retail company with supply contracts from network companies and wholesale energy suppliers that let us deliver better pricing. We are committed to making switching easy, and guarantee if customers are not paying less after signing with us we will tear up their contract.”

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news