Powershop 33% increase

[hopefulhepatica]

@rickt65 Increases in power prices from the retailer is a mix of LU being phased out, networks and meter owners putting their cost up, and power companies obviously being a business and wanting to continue their profits.

It would be interesting to see what the split of the 33% increase is across the various groups that have a cut here.

 

[olympica]

@hopefulhepatica The "33% increase" they're referring to is just the daily charge going up by 30c/day + GST - 15c/day extra to both the retailer and the network. Unless they use no power at all their overall bill will be a lot less than 33% higher.

For both retailers and networks the current daily charges don't really cover the cost to serve the customer for very low users so it's more a "losing less" on them with the gradual phase out in those cases.

 

[me34571]

@rickt65 Ceo needs that 5mill bonus pay

 

[samuelp1994]

@rickt65 Sign up with Nau Mai Rā. They are the cheapest overall, and I have tried quite a few including electric Kiwi

 

[rickt65]

@samuelp1994 Sounds interesting. How do they survive or make a profit?

 

[samuelp1994]

@rickt65 They are a not for profit, so aren't chasing profits for shareholders

 

[monnnnica]

@rickt65 Only the peak time has gone up this much the off peak is a 6% increase

 

[marynabil]

@rickt65 I’m with frank energy on low power plan - currently .70c or so a
Daily charge and .27 per kw.

Was on power shop before, daily rate was double and kw ranged from 22 to 35

 

[catholicbat]

@rickt65 Are we just free market this or what? I’m sure as whole country there’s an equilibrium point of certain percentage of solar how are we getting there? Blackrock invested virtual power plant?

 

[seitsem%C3%A4n]

@rickt65 Power-shop weren't really cheap anyway in comparisons I'd done for our household.

 

[marlovesjesus]

@rickt65 National with another winning strategy to fuck the country into poverty. Lucky landlords like Luxon get a massive boost to thier income

 

[zijai]

@marlovesjesus Unfortunately this is one we can’t blame National for, it’s a Labour policy that was put in place by Megan Woods.