sharetrader
Page 161 of 240 FirstFirst ... 61111151157158159160161162163164165171211 ... LastLast
Results 1,601 to 1,610 of 2400
  1. #1601
    Member
    Join Date
    May 2019
    Posts
    41

    Default

    gentailers increasing again because of fed decision? 2 potential rate cuts https://edition.cnn.com/2019/06/19/e...ion/index.html

  2. #1602
    Member
    Join Date
    May 2019
    Posts
    41

    Default

    big increases :O up to 7.730 before OCR rates decision tomorrow

  3. #1603
    ShareTrader Legend bull....'s Avatar
    Join Date
    Jan 2002
    Location
    auckland, , New Zealand.
    Posts
    10,993

    Default

    Quote Originally Posted by stealthmaster View Post
    big increases :O up to 7.730 before OCR rates decision tomorrow
    cen and mel stand outs this mth
    one step ahead of the herd

  4. #1604
    Dilettante
    Join Date
    Mar 2010
    Location
    Down & out
    Posts
    5,407

    Default

    They are not ooutstanding for all customers however !! https://www.stuff.co.nz/business/opi...sible-to-reach

  5. #1605
    always learning ... BlackPeter's Avatar
    Join Date
    Aug 2007
    Posts
    9,497

    Default

    Quote Originally Posted by iceman View Post
    They are not ooutstanding for all customers however !! https://www.stuff.co.nz/business/opi...sible-to-reach
    No surprises here. According to the latest member survey of the consumer magazine do Contact and Genesis have the least happy customers of any electricity provider in New Zealand (both at 46% customer satisfaction - Powershop on the other end of the spectrum reaches 66% satisfied customers, Nova Energy 65%).

    https://www.consumer.org.nz/articles/energy-providers

    In a nutshell - go with one of the big providers and be unhappy - or go with one of the small providers and be happy ;

    To somewhat balance this statement ... I am Genesis customer for many years and never had problems related to the gentailer (but yes, I never needed their customer support). If we have power outages (we do, hey - this is NZ) is it anyway the network provider who has a quite mediocre service, but we can't choose them. I tried some years ago a stunt with Powershop - and learned after signing up (but before switching) that their their advertisements and claims are misleading at best. I changed back to my old provider before they made the switch.
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  6. #1606
    Senior Member
    Join Date
    May 2002
    Location
    ChCh, , .
    Posts
    1,358

    Default

    This is nuts...check out 5 yr charts.

  7. #1607
    On the doghouse
    Join Date
    Jun 2004
    Location
    , , New Zealand.
    Posts
    9,223

    Default

    Quote Originally Posted by troyvdh View Post
    This is nuts...check out 5 yr charts.
    From today's press release:

    "Contact has secured 4.5PJ of gas for this winter and access to new Maui gas until the end of 2024 as the field is progressively invested in. Our perspective is that gas is getting more expensive and less reliable at a time when it’s facing increased competition from renewables. To maintain its share of energy production it should be doing the opposite. This unreliability has also impacted our ability to call on energy under a long-standing insurance product which has significantly devalued its future worth. On a more positive note the Ahuroa Gas Storage facility expansion is progressing well with completion expected in early 2020 and we understand there is a long term contract with another user imminent.

    The increased price and reducing reliability of gas is accelerating the case for the long-term economic substitution of thermal plant with new baseload geothermal."

    Those bold bits sound bad!

    "After successfully lowering the cost of geothermal since our last build, we are taking the next step in developing the geothermal project we have consented at Tauhara by committing to drill a series of four appraisal wells. In gas equivalent terms Tauhara is a 20PJ per annum resource, and that’s just the currently consented portion. The drilling will lay the groundwork for a final investment decision for a new power station in early 2020. The results of the drilling will further define the extent of the reservoir and its characteristics and confirm our initial assessment that along with steam turbine technology cost improvements Tauhara is New Zealand’s lowest cost new generation build."

    But a solution is at hand?

    SNOOPY
    Last edited by Snoopy; 05-01-2021 at 10:54 AM.
    Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7

  8. #1608
    Veteran novice
    Join Date
    Jun 2007
    Location
    , , .
    Posts
    7,289

    Default

    We shouldn't be surprised about the "increased price and reduced reliability of gas". Isn't this what current govt policy aims to achieve?


  9. #1609
    Member
    Join Date
    May 2019
    Posts
    41

    Default

    ASB economists say the latest gloomy business confidence survey means the Reserve Bank will need to cut interest rates two more times this year- with a cut in August now "a done deal."
    "With economic momentum continuing to slow, we now expect the RBNZ will cut the OCR twice more, in August and November, bringing the Official Cash Rate (OCR) to 1 per cent," ASB economist Jane Turner said.

    https://www.nzherald.co.nz/business/...ljw8wGfOPUy6Fo

    Looking like 2 further rate cuts, expect to see continued rises in CEN, MEL, GNE, MCY, TPW

  10. #1610
    Member
    Join Date
    Nov 2004
    Location
    Invercargill, , New Zealand.
    Posts
    96

    Default

    Just a thought. I live in Central Otago and so far this year, the snowfall is light. Very light.

    The primary base for Contact is hydro dams and right now I'm wondering if there will be a lean year. Shallow lakes and not much generation.

    Any thoughts?

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •