Utilise Fixed Price Wholesale delivers electricity at prices straight from the wholesale market using innovative smart meter technology, powerful pricing software and fixed retail costs.
You can fix your prices with us by using the ASX futures market as a benchmark. This market is based on quarterly futures pricing. This product will require you to be on a fixed term, at least until the end of the next quarter. It is driven by demand and supply in real time,
so it is dynamic; changing depending on the place and time.
Throughout your fixed term, provided we have two weeks notice, you can move you between a fixed price or a spot price, as at the end of the current quarter.
Check out Futures Market Prices here.
This graph shows at one point in time what the market's expectation is of future monthly spot prices in Auckland. This market allows us to fix prices in quarterly periods.
These prices vary based on whether we can use lower cost renewable energy or more expensive back-up supply, power usage by consumers, and expected climate conditions. We use this market to fix your prices too.
Futures quarterly prices are available at two places, one in each island. We use a location factor published by the Electricity Authority to determine the fixed price at your local supply point.
The cost of energy which is your metered volume multiplied by the wholesale price at your meter (futures prices adjusted for the costs of delivering it to your meter, including location factor, network losses, UFE, market costs).. These are passed through at market cost.
The cost we pay to your network company to provide the lines that carry the energy. This is a regulated cost and applies to everybody without discrimination. Also included is the cost of the Transpower grid to get the energy to your region. These are all passed through at cost from third party providers.
The cost of metering to measure your consumption, including any costs of equipment at your point of connection. These costs are all passed through at cost from third-party providers.
The costs to manage your supply. These are costs paid to Utilise for reading meters, reconciling and buying from the wholesale market, billing and customer service. These costs are all charged to you at a fixed rate.
Please see our Special Conditions for Fixed Price Contracts here.
At Utilise we combine the use of smart meter technology, powerful pricing software and a lean business approach to pass through the best possible energy price to our customers.
Our power supply comes straight from the wholesale market at wholesale prices, delivered to your meter.
The Utilise online portal and bill are easily accessible with a clear break down of individual billing components, including our fees.
Third party costs including network charges, metering costs and EA levy are passed on without a markup.
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