New power contracts started
Central Otago District Council commenced electricity supply contracts with Pioneer Generation this month.
The council has more than 120 electricity connections for which it purchases electricity from electricity retailers under fixed term contracts.
These contracts define fixed unit costs throughout the contract period giving council certainty over electricity costs.
Council recently retendered these contracts and received competitive bids from Pioneer Generation and Contact Energy.
While both companies contribute significantly to the local community, Pioneer Generation’s bid offered greater savings and a closer working relationship than the other retailers put forward, a council manager said.
"Council believes that this is a positive step towards forming a partnership approach in relation to energy management," Infrastructure Services Manager Jon Kingsford said. ‘‘A bonus of this partnership is that Pioneer Generation contributes to Central Lakes Trust, which distributes funding throughout the local community to worthy projects."