1. Forum
  2. Usenet
  3. NZ.GENERAL

  • Rich, this one is for you, sorry.

    From Gordon@21:1/5 to All on Wed May 15 00:13:44 2024
    https://www.waikatotimes.co.nz/nz-news/350277566/charities-pool-power-good/

    Many of us will remember that Rich told us many times that the power
    companies deliver high prices owing to the shareholders wanting proftit.

    "Seeing more people struggle with power bills has prompted two Hamilton charities to start up their own not for profit supplier."

    So there we are Rich, the folks in Waikato are able to be their power from
    Good Power https://www.goodpower.nz/

    Not sure if 27c/kwh is a low price or not, however that is for the cosumer
    to decide.

    As long as the playing field remains level the market forces will be able to power up.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Rich80105@21:1/5 to Gordon on Wed May 15 16:28:51 2024
    On 15 May 2024 00:13:44 GMT, Gordon <Gordon@leaf.net.nz> wrote:

    https://www.waikatotimes.co.nz/nz-news/350277566/charities-pool-power-good/

    Many of us will remember that Rich told us many times that the power >companies deliver high prices owing to the shareholders wanting proftit.

    "Seeing more people struggle with power bills has prompted two Hamilton >charities to start up their own not for profit supplier."

    So there we are Rich, the folks in Waikato are able to be their power from >Good Power https://www.goodpower.nz/

    Not sure if 27c/kwh is a low price or not, however that is for the cosumer
    to decide.

    As long as the playing field remains level the market forces will be able to >power up.

    They will be charging whatever they are charged from the generating
    companies, plus costs but not profit. Let us wish them well, but they
    will not stop generator profits . . . the spot price will continue to
    go sky high whenever Huntly is used . . .

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Crash@21:1/5 to Gordon on Thu May 16 10:31:49 2024
    On 15 May 2024 00:13:44 GMT, Gordon <Gordon@leaf.net.nz> wrote:

    https://www.waikatotimes.co.nz/nz-news/350277566/charities-pool-power-good/

    Many of us will remember that Rich told us many times that the power >companies deliver high prices owing to the shareholders wanting proftit.

    "Seeing more people struggle with power bills has prompted two Hamilton >charities to start up their own not for profit supplier."

    So there we are Rich, the folks in Waikato are able to be their power from >Good Power https://www.goodpower.nz/

    Not sure if 27c/kwh is a low price or not, however that is for the cosumer
    to decide.

    As long as the playing field remains level the market forces will be able to >power up.

    To be fair to Rich Goodpower is a retailer, therefore the companies
    generating electricity will derive the same levels of profitable
    operation from Goodpower customers as all the other retailers.
    Goodpower can only control the retail profits it makes.

    Note that Goodpower sponsored by the Hamilton Salvation Army and
    Hamilton St Vincent de Paul according to its website. It acknowledges
    that part of its revenue goes to a 'Good Power fund', so although its
    target market is those looking for cheap electricity there is a profit
    motive for that fund, paid to its sponsors.

    It is also noteworthy that there is no company, trust or charity
    registered with Goodpower in their name (there is Good Power
    Electrical but none of the listed addresses are in Hamilton), their
    website provides no corporate information (address, contact people
    etc).

    I would most certainly not be filling out a Direct Debit Authority
    without checking them out through their sponsors.


    --
    Crash McBash

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Rich80105@21:1/5 to All on Thu May 16 13:31:02 2024
    On Thu, 16 May 2024 10:31:49 +1200, Crash <nogood@dontbother.invalid>
    wrote:

    On 15 May 2024 00:13:44 GMT, Gordon <Gordon@leaf.net.nz> wrote:

    https://www.waikatotimes.co.nz/nz-news/350277566/charities-pool-power-good/ >>
    Many of us will remember that Rich told us many times that the power >>companies deliver high prices owing to the shareholders wanting proftit.

    "Seeing more people struggle with power bills has prompted two Hamilton >>charities to start up their own not for profit supplier."

    So there we are Rich, the folks in Waikato are able to be their power from >>Good Power https://www.goodpower.nz/

    Not sure if 27c/kwh is a low price or not, however that is for the cosumer >>to decide.

    As long as the playing field remains level the market forces will be able to >>power up.

    To be fair to Rich Goodpower is a retailer, therefore the companies >generating electricity will derive the same levels of profitable
    operation from Goodpower customers as all the other retailers.
    Goodpower can only control the retail profits it makes.

    Note that Goodpower sponsored by the Hamilton Salvation Army and
    Hamilton St Vincent de Paul according to its website. It acknowledges
    that part of its revenue goes to a 'Good Power fund', so although its
    target market is those looking for cheap electricity there is a profit
    motive for that fund, paid to its sponsors.

    It is also noteworthy that there is no company, trust or charity
    registered with Goodpower in their name (there is Good Power
    Electrical but none of the listed addresses are in Hamilton), their
    website provides no corporate information (address, contact people
    etc).

    I would most certainly not be filling out a Direct Debit Authority
    without checking them out through their sponsors.

    Since the Salvation Army and St Vincent de Paul are charities, it is
    possible they are doing it under one or the other registered charity;
    the form may have an acknowledgement that any money remaining after
    expenses will be used for charitable purposes (presumably to subsidise
    power costs for those in need - I believe all of the retailers do that
    to some extent - with that support being at times a little erratic). I
    agree that they may need to be careful with their documentation.

    It is interesting that the retail mark-ups are such as to make this
    new organisation able to be confident they can cover costs while
    charging less than the big players though - perhaps it is not just the generating entities that are price gouging for excess profits.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)