Major Power Factor Charge increases for Vector customers

Larger Time Of Use (TOU) Vector customers with an existing reactive load problem could get caught on the hop by new electricity charges due to come on line next month.  This cost increase will also impact on the electricity retailer’s medium-sized and small business...

What are Power Factor charges?

Power Factor can be likened to carrying a plank through a door.  If the plank is lined up, it will fit through a regular door without hitting the frame, but if the plank is taken through side on, you’ll need a wider door or you’ll cause damage.  Our supply network is...

What is a Power Factor correction unit?

Power factor correction units (or PFC Units) consist of capacitors which act as reactive current generators. By providing the reactive power, they reduce the total amount of power you must draw from the network. The dynamic PFC automatically and safely compensates for...

Pre-Contracting Pays Off to the Tune of $6 Million

Signing up with TUMG well ahead of their contract renewal date paid off for a group of 57 energy clients at the end of 2012.  Unusually aggressive pricing from Meridian and then Contact in December created a savings opportunity that TUMG was quick to exploit.  Energy...

Cutting electricity costs – which way to pay?

Coping with the worst recession in living memory has forced businesses to leave no stone unturned in the quest to improve their bottom line.  Electricity is one cost that impacts on everyone and businesses impacted by the deregulated NZ energy markets fall into two...