The Conventional Model
These retailers then charge consumers, meaning you, based on electricity usage. This cost includes electricity that is consumed by a household, charges for metering, GST and a levy to the Electricity Authority in New Zealand. All charges, with the breakdown are mentioned in your power bill that you receive from your power supplier.
New Ways of Generating and Distributing Electricity to Your NZ Home
New players are already entering the market and coming up with innovations in their way of supplying electricity, and the services that they offer to consumers.
Solar Power in New Zealand
Solar panels, or “modules”, contain photovoltaic cells made from silicon, that transform sunlight into electricity instead of heat. To get solar panels to work efficiently, installers begin the process with an on-site evaluation to determine how the solar panels should be installed. They then customise a plan that will work best for your property, so you get the maximum benefit from your solar panels. The panels are usually placed on the roof of a house, where there is little to no shade. The more sunlight it gets, the more electricity is generated.Solar panels enable consumers to generate their own electricity for their home or office. In New Zealand, consumers can also sell excess electricity that they haven’t used back to their electrical retailer or the wholesale market. If they are unable to generate sufficient electricity from the solar panels installed, they can always buy extra from a retailer as well.
Solar panels are a great long-term investment for saving energy and ongoing electrical costs. They are a great step towards sustainable living by reducing your impact on the environment and are known to last for a long time.