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Thread: Power “discounts”

  1. #1
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    Power “discounts”

    One for the maths teachers and scientists on here.... re the power price discount debacle... using 2017 numbers

    NZ generated 42911 Gigawatt hours for the year, 31% consumed by the residential market at average of 30c kilowatt hour. GST is charged at 13% (for some tetchy reason instead of 15). 60% of NZ pays their power bill on time and typically get close to 20% prompt payment/online/email bill discount.... if we lose that the govt gets about roughly $60 million extra in GST revenue.... follow the money always

    No word about late payment penalties for property rates or income tax....
    Failing to take corners and life seriously since 197X

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    I never considered that a discount. It was always a built in late payment penalty.
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  3. #3
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    I understand rather than removing the prompt payment discount, everyone will be getting it, even if they are tardy payers.

  4. #4
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    Quote Originally Posted by pritch View Post
    I never considered that a discount. It was always a built in late payment penalty.
    Same, it was all in the wording.

  5. #5
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    “In what may prove one of the most controversial changes directly affecting consumers, the Government plans to phase out the requirement for electricity companies to sell plans that offer a low fixed daily charge and a higher variable charge for power used.

    Industry sources said about 60 per cent of consumers were on such low-fixed charge tariffs, but the Government has ordered officials to develop proposals to phase them out.

    Households that consume less than about 8000 kilowatt-hours of electricity a year can expect to lose out to varying degrees from that particular change, depending on how little power they consume.”
    Failing to take corners and life seriously since 197X

  6. #6
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    25th June 2012 - 11:56
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    Current contract is bill is x amount but if you pay on time it’s less than x. They will not lower everyone’s bills. In fact some in the 60% bracket who pay on time might start paying later and those who already pay late have no incentive to pay bill at all.
    Power companies will not wear a loss in revenue as they are a private profit making business. Prices will creep up to cover this social engineering
    Failing to take corners and life seriously since 197X

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    Well, we accepted that it was cool for bulk users to pay less for their electricity. Quite insane, but completely understandable
    I didn't think!!! I experimented!!!

  8. #8
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    So now instead of prompt payment discount, there will be a late payment charge, is this a win for the power companies? Or is it just Tomato/Tomatoe

    My thinking is that if the rate per unit remains the same (and in many cases this is agreed for a set term), but the prompt payment discount is removed, it has just increased the majority of people's power bill by 20%. Those who don't pay by the due date will now pay an additional x% above what they are currently paying.

    And as above, all of this with extra 15% GST for the government as a bonus for them.

    Be careful what you wish for people, there will always be a way to turn what you think you want into a win for them......
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