Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


Cheaper electricity bills from new regulation

Cheaper electricity bills from new regulation

Low power users are now saving between $25 and $96 a year on their electricity bills because of regulations introduced by the government that require companies to offer low fixed charge tariffs, Energy Minister Trevor Mallard said today.

"This policy is designed to help low power users and low income earners, including pensioners, to save on their power bills, and it's working," Trevor Mallard said.

"The regulation came into force last October, and now over 30 percent of domestic consumers are enjoying lower electricity bills which is great news.

"I would urge people who don’t use much electricity, to check out whether they can save money by switching to this option. Retailers are required by law to offer it to all domestic customers in their primary place of residence.

"Customers can easily check their plan options on www.powerswitch.co.nz, or simply phone their power company or other power companies operating in their area to discuss whether they would be eligible.

"Savings vary from region to region and depend on consumption levels, but customers on low fixed charge tariff options can expect to save an average of $25 to $96 per year. For example, a customer using 6,000kWh per year in the Thames Valley region could save $88. (see attached list for savings per retailer and region)

"Under the regulation, the low fixed charge option must have a fixed daily charge of no more than 30 cents per day (excluding GST, after the deduction of prompt payment discount). The low fixed charge tariff option must also be cheaper for a consumer using less than 8,000kWh per year compared to the similar standard tariff option.

Background: The low fixed charge policy used to be voluntary but overall compliance was less than 50 percent. So the government introduced the Electricity (Low Fixed Charge Tariff Option for Domestic Consumers) Regulations 2004 on 1 October 2004 to make compliance compulsory.

Compliance is monitored and enforced by the Electricity Commission. A recent survey by the Ministry of Economic Development shows compliance is 97 per cent for lines companies and 94 per cent for retailers. Most non-compliance is of a minor nature, and is being followed up.

Some retailers are exempt from the regulation, such as homes on “closed” tariff options or retailers operating in certain areas (such as the remote areas in the Marlborough Sounds).

See chart here.
http://scoop.co.nz/stories/PA0506/S00286.htm

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>

ALSO:

Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>

ALSO:

Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>

ALSO:

Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>

ALSO:

With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>

ALSO:

Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news