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Fed Farmers Power Club Gives Electricitity Advice

Federated Farmers Power Club Makes Electricity Supply Recommendation To Members

Federated Farmers Power Club members will start receiving recommendations on Monday from the Power Club about which electricity suppliers they should consider signing contracts with.

The Power Club, a joint venture between Federated Farmers of New Zealand (Inc) and the Energy Group, was formed to provide farmers with the best possible deals under the competitive electricity market.

After extensive analysis, the Power Club is recommending that farmers should consider choosing between the offers from two preferred suppliers; one a wholesale company taking advantage of spot rates, the other a traditional fixed rate retail supplier.

Vice President and energy spokesperson Tom Lambie said that the Power Club recommendations were the best way that farmers could take advantage of the competitive electricity market.

"Electricity is a major cost on many farms and the market is quite complex, so the Power Club is a very good way for farmers to sort out the best deals."

The next phase of the Power Club will be to address the ongoing issues associated with reducing line company charges and providing generic energy management services for farmers.

"The Power Club will start to look at monopoly line company charges as another way to reduce farmers' costs. Farmers are exposed to the line companies' pricing systems, and this element of the Power Club could be a major benefit."

The Power Club will be developing a proposal regarding these matters and it will be distributed to Club members early in the New Year.

ENDS

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