Chart: Cheaper electricity bills from regulation

Tuesday, 14 June 2005, 3:23 pm
Press Release: New Zealand Government

BACKGROUND: Mallard Heralds "Cheaper" Electricity Bills - 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." See... Cheaper electricity bills from new regulation

Advertisement - scroll to continue reading Are you getting our free newsletter? Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network. Email Address * Annual Saving on Low Fixed Charge (LFC) tariff ($ per year)			Including GST and after the deduction Prompt Payment Discount savings $ per year			Excluding GST and before the deduction of Prompt Payment Discount savings $ per year
			Consumption per year			Consumption per year			Prices current as of:
Network Area	Incumbent Retailer	Plan type	4000kWh	6000kWh	7000kWh	4000kWh	6000kWh	7000kWh
Alpine Energy	Contact Energy	dual	158	79	40	157	78	39	1-Oct-04
Aurora Energy (Central Otago Clyde/Crom)	TrustPower	dual (friends)	78	39	20	81	41	21	22-Feb-05
Aurora Energy (Dunedin)	Contact Energy	composite	65	33	16	64	32	16	1-May-05
Buller Electricity	TrustPower	dual (friends)	251	130	70	263	136	73	20-Sep-04
Centralines	Meridian Energy	dual	36	18	9	35	18	9	1-Sep-04
Counties Power	Contact Energy	dual	71	35	18	70	35	18	19-Jul-05
Eastland Network (Eastland)	Contact Energy	dual	79	40	20	78	39	20	1-Apr-05
Eastland Network (Wairoa)	TrustPower	dual (friends)	59	29	15	61	31	16	1-Jun-04
Electra	Contact Energy	dual	85	46	27	84	46	27	1-May-05
Electricity Ashburton	TrustPower	dual (friends)	66	33	17	69	35	17	12-Nov-03
Electricity Invercargill	Contact Energy	dual	157	78	39	155	77	39	1-Oct-04
Horizon Energy Distribution	Bay of Plenty Electricity	composite	61	31	16	63	32	17	10-Apr-05
Kaiapoi Electricity	Contact Energy	composite	71	36	18	70	35	18	1-Sep-04
MainPower	Contact Energy	composite	71	36	18	70	35	18	1-Sep-04
Marlborough Lines	TrustPower	dual (friends)	139	70	35	146	73	37	1-May-05
Nelson Electricity	TrustPower	dual (friends)	118	59	30	123	62	31	22-Jun-04
Network Tasman	Contact Energy	dual	81	40	20	80	40	20	1-Apr-05
Network Waitaki	Meridian Energy	dual	130	65	33	128	64	32	1-Sep-04
Northpower	Meridian Energy	dual	66	33	17	65	33	17	1-Sep-04
Orion NZ	Meridian Energy	composite	43	22	11	43	21	11	1-Sep-04
OtagoNet	TrustPower	dual (friends)	131	66	33	137	69	35	11-Mar-05
Powerco (Hawera)	Genesis Energy	dual	68	34	17	67	34	17	1-Jul-04
Powerco (Manawatu)	Genesis Energy	dual	68	34	17	67	34	17	1-Jul-04
Powerco (New Plymouth)	Genesis Energy	dual	68	34	17	67	34	17	1-Jul-04
Powerco (Stratford)	Genesis Energy	dual	68	34	17	67	34	17	1-Jul-04
Powerco (Tauranga)	TrustPower	dual (friends)	76	38	19	80	40	20	30-Apr-04
Powerco (Thames Valley)	Genesis Energy	composite	175	88	44	173	87	44	9-Jan-05
Powerco (Wairarapa)	Genesis Energy	dual	68	34	17	67	34	17	4-Jul-04
Powerco (Wanganui)	Genesis Energy	dual	68	34	17	67	34	17	4-Jul-04
Scanpower	Meridian Energy	dual	15	8	4	15	8	4	1-Sep-04
The Lines Company (King Country)	King Country Energy	composite	152	78	41	138	69	35	1-Oct-04
The Lines Company (Waitomo)	King Country Energy	dual	162	94	59	149	85	53	1-Oct-04
The Power Company	Contact Energy	dual	173	87	43	171	86	43	1-Apr-05
Top Energy	Contact Energy	composite	71	36	18	70	35	18	1-Apr-04
Unison (Hawke's Bay)	Contact Energy	dual	163	81	41	161	80	40	1-Sep-04
Unison (Rotorua)	TrustPower	dual (friends)	115	58	29	120	60	31	1-Mar-05
Unison (Taupo)	TrustPower	dual (friends)	94	47	23	98	49	25	1-Mar-05
UnitedNetworks (Waitemata)	Genesis Energy	composite	148	79	44	146	78	43	23-Jan-05
UnitedNetworks (Wellington, North)	Genesis Energy	composite	88	44	22	87	44	22	12-Sep-04
UnitedNetworks (Wellington, South)	Genesis Energy	dual	109	61	37	108	60	37	12-Sep-04
Vector	Mercury Energy	composite	46	24	12	46	23	12	1-May-05
Waipa Networks	TrustPower	dual (friends)	41	21	10	43	22	11	1-Apr-05
WEL Networks	Genesis Energy	dual	58	29	15	57	29	14	14-Nov-04
Average			96	49	25	96	49	25
Minimum			15	8	4	15	8	4
Maximum			251	130	70	263	136	73

TrustPower "Friends" prices are around 3 to 8.5% cheaper than their standard prices. Terms and conditions apply.
Source: Electricity Group, Ministry of Economic Development, May 2005
For more data on electricity prices visit http://www.med.govt.nz/ers/inf_disc/prices

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