Waikato Business News February/March 2017

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Households power spend small, says survey WAIKATO BUSINESS NEWS February/March 2017 29 www.braemarhospital.co.nz 24 Ohaupo Road, Hamilton Phone: 07 843 1899 All health insurers accepted Kiwi households spend an average of just $37.90 per week on electricity – less than three percent of weekly expenditure – says the Electricity Retailers’ Association. Chief executive Jenny Cameron is responding to Consumer NZ’s Cost of Living survey, which says the price of power was the biggest cost-of-living concern for 63 percent of consumers. Food and grocery costs concerned 62 percent of consumers. “There is a perception by some that electricity is a big chunk of weekly incomes, but latest official statistics show that to not be the case,” Ms Cameron says. Spending the equivalent of just five loaves of bread and four two-litre bottles of milk a week on electricity seems like a pretty good deal. Statistics NZ’s 2015/16 Household Expenditure Survey shows the electricity spend of $37.90 is just 2.9 percent of average weekly household expenditure of $1299.90. That compares with $40.10 (3.6 percent) in the previous survey in 2012/13 – a decrease of 5.6 percent. Over that same period, net expenditure of all household spending increased 17 percent. The 2.9 percent is also the lowest proportion of household budgets since 2000/01 and it has been steadily dropping. In addition, the price per unit of electricity fell by 2.1 percent in real terms between 2015 and 2016, according to the Ministry of Business, Innovation and Employment’s annual Energy in New Zealand report. The Statistics NZ survey shows that the average weekly spend on electricity remains well below most other essential household expenditure, including transport costs of $195 (up 23 percent - includes an average $42 for petrol), groceries, fruit and veg, and meat, poultry and fish $144 (up 9.6 percent), restaurant/ready-to-eat food $89 (up 9.6 percent), and insurances $62 (up 11.6 percent). “No one can argue these are not all essential items, yet according to the survey their proportion of household expenditure has increased, in some cases alarmingly, while electricity’s proportion was falling,” says Ms Cameron. “Some people may be surprised by these numbers, particularly the proportion of the electricity spend and how it compares with other household essentials, especially food and grocery costs, which rated slightly better yet was nearly four times the budget. “We are fully aware that these are averages, and that depending on where you live, the season, and the energy efficiency of your home and appliances, electricity prices can vary. “Spending the equivalent of just five loaves of bread and four two-litre bottles of milk a week on electricity seems like a pretty good deal. Considering how important electricity is in our everyday lives, the fact that we spend such a small part of our incomes on it demonstrates the value being provided by the sector. “Our market is the most competitive in the world in terms of choice of retailer, range of service, and ease to change between power providers. There is strong evidence that retailers are helping customers manage their power usage via technology and value-based products and services offering customers more choice and control. Retailers will not only continue to offer competitive prices but also services most valued by customers”, says Ms Cameron. 30430 Because Braemar is owned by a charitable trust, we reinvest any surplus back into the hospital to stay at the forefront of surgical innovation. Excellence means Braemar Wellbeing Investment Series – Round 1: Stress and Burnout 10 practical take home (or to work) strategies to identify and manage stress and burnout. Start 2017 by investing in the personal and professional development of you and your team. Managing stress and burnout is critical for performance, productivity, wellbeing and staff morale. You don’t have to wait until next January for a new resolution—we will give you strategies to implement straight away! You will leave this workshop knowing: • The good, the bad and the ugly about stress - how it affects you and how to manage it • Burnout how to recognise it and deal with it • How easy it is to manipulate your thinking and actions to conquer the negatives of stress • How and why a few simple physical activity and healthy eating practices can relieve stress and burnout • How nutrition can make a difference to your wellbeing At PressGo, our focus is creating healthy and vibrant workplaces. Book today to be part of this opportunity to learn new skills, and futureproof the wellbeing of your organisation. Our facilitators have many years of experience and look forward to meeting you at the workshop nearest you. Hamilton Windscreen LWP.indd 1 2/12/10 9:23:50 AM • Matamata - 23rd February • Taupo - 13th March Hamilton Windscreen LWP.indd 1 07 849 2818 Hamilton Windscreen LWP.indd 1 Hamilton Windscreens 712 Te Rapa Road, Hamilton www.hamiltonwindscreen.co.nz info@hamiltonwindscreen.co.nz 30067 2/12/10 9:23:50 AM Steph has worked for over 30 years in the health and physical activity industry specialising in coaching, educating, and inspiring people to lead healthy active lifestyles. Danielle has a background in communications, but has moved her focus to educating the community, including workshops on a range of wellbeing topics. 2/12/10 9:23:50 AM This workshop is being offered at the introductory price of $99 per participant (excl GST). To register, or to find out what else PressGo can offer: Visit: pressgo.co.nz Or contact Danielle@pressgo.co.nz PressGo is a service of Progress to Health • Tauranga - 30th March • Thames - 11th April J8232P Hamilton Windscreen LWP.indd 1 2/12/10 9:23:50 AM
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