Margaret Cooney: Octopus Energy Chief Operating Officer on worry over winter gas supply and reward system incentive

Margaret Cooney: Octopus Energy Chief Operating Officer on worry over winter gas supply and reward system incentive

Author: Newstalk ZB December 23, 2024 Duration: 3:27

The Energy sector is warning gas supply woes are not going away. 

Electricity companies are worried the winter gas shortage is not yet a thing of the past, with an even bigger problem bubbling under the surface for next year. 

Octopus Energy want to introduce a reward system, where they pay customers to reduce their usage during peak times. They say if 20% of kiwis participated in an hour-long session, it would save the equivalent of 122,000 warm wash cycles. 

Chief Operating Officer Margaret Cooney tells Tim Beveridge New Zealand is “pretty much matched in terms of the demand and supply available”. 

This leads to challenges if things go wrong, and in meeting peak demand periods during winter. 

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