Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Vector Network News: Smart Meters, Smart Grid

Vector Network News

SMART METERS, SMART GRID

Australia’s long delayed white paper on electricity, urges the roll-out of smart meters, which give businesses and households greater ability to use cheaper, off-peak electricity, as part of a package of reforms to curb soaring power prices.

The white paper suggests the use of smart meters will prompt more time-of-use pricing and will act to reduce big peaks in demand. This could also reduce the need for infrastructure investment.

Smart meter penetration in New Zealand, of which Auckland’s Vector is the major provider, is rapidly approaching 42%, putting New Zealand amongst the leading countries in advanced metering adoption globally.

Vector’s CEO Simon Mackenzie says from this base, New Zealand is well positioned to begin implementing other smart grid technologies and services that rely on smart meters, such as micro generation (micro wind, solar PV) and home automation solutions.

“The current penetration rate in New Zealand is 42%. This is well ahead of North America at 30-35% and the UK,” he said, “we are punching well above our weight”.

Vector’s smart meters are also the most functionally rich on the market, and are deployed nationwide across multiple retailers, which differs from other market deployments, both in New Zealand and overseas.

Smart meters set the platform for future transformation of the way that all parties in the electricity market (generators, lines companies, retailers, and consumers) create, sell, control and use power.

The meters utilise a GPRS network in contrast to most other countries where RF mesh technology is prevalent. Vector also leverages its smart meter expertise offering metering data services to customers and is investigating smart meters for other utilities such as gas and water.


NETWORK SUMMARY for week ending 06 January 2013

ELECTRICITY
Very high temperatures over the weekend saw heat pump and air conditioner use skyrocket with a subsequent rise in electricity demand.
The lack of rain meant fewer car v pole incidents – there were a total of six in Papatoetoe, Albany, Henderson, Manukau, Otara and Panmure.
However, the higher temperatures meant more house fires with our faults crews attending seven to isolate the electricity for the Fire Service.
GAS TRANSMISSION AND DISTRIBUTION
There were two third party strikes on our network in Blockhouse Bay and Mt Albert.
Faults crews were also called out to Mt Maunganui on Sunday where a gas smell was detected by a member of the public. Investigations concluded the smell was actually coming from an overloaded sewerage system.
Please take care around our gas network and call 0508 B4 U WORK (248 967) or 0800 B4 U DIG if outside Auckland.

SHORTS
• Vector owns over 17,737 kilometres of overhead and underground lines in the greater Auckland area, and 12,572 kilometres of gas pipe lines, almost half of which supply gas to Auckland.
• Weezer will tour New Zealand and will be at the Vector Arena on January, 11 for the first time in 16 years, playing their greatest hits and The Blue Album from start to finish.
• Vector, proud sponsor of the Arena.


Vector owns and manages a unique portfolio which consists of electricity distribution, gas transmission and distribution, electricity and gas metering installations and data management services, natural gas and LPG and fibre optic networks.

Vector is listed on the New Zealand Stock Exchange with ticker symbol VCT. For further information, visit www.vector.co.nz


ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Media: Fairfax Moves To Create Modern Newsroom

Fairfax Media New Zealand continues its newsroom transformation this week, with a proposal to further organise its editorial operations into focused, local teams and specialist national topic areas. More>>

ALSO:

Dairy: Fonterra Forecast For 2015/16 Season

Fonterra Co-operative Group Limited has today reduced its forecast Farmgate Milk Price for the 2014/15 season to $4.40 per kgMS. Along with its previously announced forecast dividend range of 20-30 cents per share, the change amounts to a forecast ... More>>

ALSO:

BusinessDesk: SkyCity Lifts Minimum Convention Centre Investment To $430M

SkyCity Entertainment Group, the casino operator, has lifted the minimum it will invest in the Auckland International Convention Centre to $430 million and said total costs including land may be $450 million to $470 million. More>>

Statistics: Drop In Dairy Prices Leads Fall In Exports

Total goods exports fell $240 million (5.5 percent) to $4.2 billion in April 2015 compared with April 2014, Statistics New Zealand said today. More>>

BusinessDesk: APN's NZME Sees Future In Paywalls, Growth In Digital Sales

APN News & Media has touted a single newsroom concept for its NZME unit in New Zealand, similar to what Germany's Die Welt uses, saying an 'integrated sales proposition' is helping it win market share, including ... More>>

Labour Party: Global Milk Prices Now Lowest In 6 Years

The latest fall in the global dairy price has brought it to the lowest level in six years and shows there must be meaningful action in tomorrow’s Budget to diversify the economy, says Labour’s Finance spokesperson Grant Robertson. “Dairy prices ... More>>


BusinessDesk: NZ Inflation Expectations Creep Higher In June Survey

May 19 (BusinessDesk) - New Zealand businesses lifted their expectations for inflation over the next two years, sapping any immediate pressure on the Reserve Bank to cut interest rates, and prompting the kiwi dollar to jump higher. More>>

BusinessDesk: Lower Fuel Costs Drive Down NZ Producer Input, Output Prices

May 19 - Producer input and output prices fell in the first quarter, mainly reflecting lower fuel costs and weakness in prices of meat and dairy products. More>>

Media: Fairfax Media NZ Announces Senior Editorial Team

Fairfax Media New Zealand has today confirmed its new editorial leadership team, as part of a transformation of its newsrooms aimed at enhancing local and national journalism across digital and print. More>>

Science: Flavonoids Reduce Cold And Cough Risk

Flavonoids reduce cold and cough risk Research from the University of Auckland shows eating flavonoids – found in green tea, apples, blueberries, cocoa, red wine and onions – can significantly reduce the risk of catching colds and coughs. The research, ... More>>

BusinessDesk: RBNZ House Alert Speech The Catalyst For Government Action

Prime Minister John Key all but conceded that pressure from the Reserve Bank of New Zealand for concerted action on rampant Auckland house prices was one of the main catalysts for the government's weekend announcements about tightly ... More>>

BusinessDesk: How To Fall Foul Of The New Housing Tax Rules: Tips From IRD

Just because you rented out your investment property doesn't absolve you from paying tax, says the Inland Revenue Department in a summary of commonly made mistakes by non-professional property investors when it comes to their tax liability.More>>

Legal: Superdiversity Law, Policy And Business Stocktake Announced

Mai Chen, Managing Partner at Chen Palmer New Zealand Public and Employment Law Specialists and Adjunct Professor of Law at the University of Auckland, today announced the establishment ... More>>

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news