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Genesis to introduce variable tariff option by year end

posted Oct 17, 2011, 12:59 PM by ema-1 ema-1
"Genesis Energy is on track to introduce variable tariffs by the end of the year that will let customers choose to pay different prices for electricity at periods of high and low demand, instead of a single flat rate.

Spokesman Richard Gordon says it has installed 200,000 smart meters that can measure electricity consumption at half-hourly intervals and a team was working on differentiated tariffs.

"Certainly, it is a high priority. We'd like to be a leader in this space."

Genesis customers will still be able to pay a flat rate for electricity if they choose and variable pricing won't be available to all customers until it swaps out another 300,000 electricity meters"

Story in full: http://www.stuff.co.nz/business/5793875/Power-pricing-about-to-get-smarter

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