Smaller firms get power-sav­ing tips

Matamata Chronicle - - News -

New Zealand small and medi­um­sized busi­nesses (SMEs) can now look for elec­tric­ity sav­ings through a new ini­tia­tive launched by the Elec­tric­ity Author­ity re­cently.

Fol­low­ing the suc­cess of the ‘‘What’s My Num­ber’’ res­i­den­tial cam­paign, SMEs now also have the op­por­tu­nity to eas­ily check they are with the most cost­ef­fec­tive elec­tric­ity provider for their busi­ness needs at whats mynum­­busi­ness.

‘‘ 2011 re­search into SME aware­ness and be­hav­iour around switch­ing elec­tric­ity providers re­vealed that only 4 per cent are ac­tively look­ing for a cheaper re­tailer (com­pared with 5 per cent of res­i­den­tial cus­tomers). Bar­ri­ers to switch­ing in­cluded per­cep­tions that there weren’t any real gains to be made and that it seemed too much of a has­sle,’’ Elec­tric­ity Author­ity chief ex­ec­u­tive Carl Hansen said.

The on­line busi­ness tool, which has been de­vel­oped in part­ner­ship with Switchme, has been in a mar­ket trial phase since Au­gust. So far 35 per cent of busi­nesses re­ceiv­ing tar­iff of­fers via the on­line busi­ness tool have cho­sen to switch elec­tric­ity re­tailer.

Dur­ing this trial pe­riod, one cus­tomer found that the dif­fer­ence be­tween the cheap­est and most ex­pen­sive pric­ing op­tion was $28,000. The pric­ing re­sponses so far have an av­er­age spread of 17 per cent in­di­cat­ing sig­nif­i­cant po­ten­tial sav­ings are avail­able.

‘‘The on­line busi­ness tool takes the has­sle out of switch­ing – it’s quick and easy,’’ Mr Hansen said.

‘‘Small to medium sized busi­nesses con­trib­ute 39.8 per cent of the coun­try’s to­tal out­put so are an im­por­tant part of New Zealand econ­omy. Mak­ing sure they are not un­nec­es­sar­ily over­spend­ing on ab­so­lute ne­ces­si­ties like power, ben­e­fits ev­ery­body,’’ added Hansen.

SMEs can start the process on­line and re­ceive per­son­alised quotes from a se­lec­tion of re­tail­ers based on their lo­ca­tion and elec­tric­ity con­sump­tion.

All they need to get started is a few min­utes of their time to: Grab a re­cent power bill Fill in the per­son­alised quote form on­line

Lo­cal re­tail­ers quotes

The busi­ness can then re­view their quotes on­line and se­lect their pre­ferred re­tailer – the new re­tailer will take it from there.

‘‘The more in­formed New Zealand busi­nesses are about how easy it is to switch, the more mo­ti­vated elec­tric­ity sup­pli­ers are to of­fer bet­ter deals and ser­vices, thereby in­creas­ing com­pe­ti­tion in the mar­ket, which is ex­actly what we are try­ing to achieve. In­creased com­pet­i­tive be­hav­iour leads to more choice and ben­e­fit for the con­sumer,’’ con­cluded Mr Hansen.

For more in­for­ma­tion visit whatsmynum­ber. org. nz/ My Busi­ness.



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