Company Specific Gas Hot Water?

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Origin Energy

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  SF3 on 15/05/2022 - 23:07

  +4

  Googled and returned https://www.canstarblue.com.au/gas/origin-hot-water-heating-…

  It's how it rolls in (some) apartment living.

  What is Bulk Hot Water?
  Bulk hot water is an arrangement whereby residents in a multi-tenant complex share one large hot water system – usually powered by natural gas. The body corporate is in charge of finding a bulk hot water supplier, and this bulk provider is in charge of hot water maintenance, meter monitoring and customer billing. Each residence has its own hot water meter, meaning customers are only billed for their own water usage – not the usage of their neighbours.

  Can I switch bulk hot water providers?
  No, it is generally the case that you are unable to switch hot water providers if you live in an apartment. As you share your hot water system with other residents, it is up to the body corporate to select a bulk hot water provider.

  Is Origin hot water a good deal?
  Centralised hot water is an incredibly convenient arrangement – all of your hot water needs are sorted and you don’t need to lift a finger. But as we have discussed, the downside is that you have no say about who supplies your hot water. So are you getting a good deal with Origin? Well no one knows because there’s no other option.

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  bdl on 16/05/2022 - 00:10

  Is there a way to get this changed to be gas based and individually metered (gas)?

  FYI to do this, all the owners have to agree to switch to individual meters and pony up the cost of installing meters and hot water systems. More often than not, the cost involved scares off many owners, especially the rental provider/landlord ones.

  If you are an owner, bring it up during the next AGM to discuss. If the other owners don't want to install meters, the best way to keep costs as low as possible is to ensure that your body corp manager regularly reviews all the providers available to you on a regular basis and ensures you're on the best deal.

  Now, let me tell you about embedded networks… :D

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  JIMB0 on 16/05/2022 - 07:42

  +2

  The developers most likely received a tidy sum of money to allow Origin to supply your hot water.

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  Krankite on 16/05/2022 - 08:41

  +1

  You got me interested so I did a quick back of the envelope calculation for you, Source 1 [Source 2] (https://www.sydneyplumbinghotwater.com.au/product/rinnai-bui…) source 3

  Comparison will be cost over 10years for 2 people ignoring just about everything. average tarrif based on monthly billing cycle & 9000L is (40000.027+40000.017+10001.24)/9000 =$0.021
  Shared system = 9036510.021 +36510.15 = $7446
  Individual = 175 * 10 + 1555 + 9036510*2.47/1000= $4116

  Difference will be less if the tariffs are on a quarterly cycle, but in summary yes you are paying about $25-30 a month more than individual but in exchange origin is managing the system for you and you don't need to find room for and manage access to 12 individual hot-water systems. so yeah no real conclusion you just managed to nerd-snipe me.

  • 

    netjock on 16/05/2022 - 09:19

    I've got an apartment in a large building and 2 people living there. $20 a month in hot water. $240 per year over 10 years is like $2400. It depends on people's view of it. If you only have gas hot water unit (no heating, no cooking) then it is probably about the same cost or more but the replacement of the hot water unit is where it might get you.

  • 

    lgacb08 on 17/05/2022 - 15:34

    Don't know where you get that calculation but you'll definitely get slugged more being on embedded systems, say 4 person household on 10 min shower a day, that's easily 4000l on shower alone which is $108. As for reference my summer gas bill is only around $50 a month for both hot water and stove. In saying that vic does has cheaper gas rate than others. And unless you're owner and got everyone to fork out extra you won't have much save on the issue.