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

 

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

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Retail: New Law Paves Way For Greater Supermarket Competition

Legislation that bans major supermarkets from blocking their competitors’ access to land to set up new stores paves the way for greater competition in the sector, Minister of Commerce and Consumer Affairs Dr David Clark said... More>>



International Business Forum: NZ EU FTA Coming Down To The Wire – Hold The Line

As negotiations accelerate to conclude an ambitious free trade agreement between New Zealand and the European Union, the NZ International Business Forum (NZIBF), representing a cross section of major exporters... More>>


MBIE: NZ space sector set to star in Moon mission
The New Zealand space sector is set to star in NASA’s CAPSTONE moon mission – with Rocket Lab launching a satellite to the Moon from New Zealand in June, and the lift-off of a separate NASA-NZ lunar research project... More>>



MYOB: New Data Shows Increase In SMEs Experiencing Stress And Anxiety

The lingering impacts of the COVID-19 pandemic have led to a surge in the number of local SME owners and operators experiencing stress and anxiety, according to new research from business management platform, MYOB... More>>



Carbonz: Cashing In On Carbon: The New Marketplace Helping Native Forest To Thrive

The country’s first voluntary carbon credit marketplace, Carbonz, is here to restore native biodiversity and help Aotearoa reach its carbon zero goals by selling the first carbon credits exclusively from native forest... More>>
Entrust District: Dividend Will Be Welcomed After Another Tough Year
We’ve all heard of the saying; “if it sounds too good to be true, it probably is” but for Aucklanders within the Entrust District, getting their share of Entrust’s 2022 annual dividend payment really is as good as it sounds... More>>