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

 


$5 million bonus for Northpower consumers

$5 million bonus for Northpower consumers

Around 55,000 Northpower consumers are to receive yet another cash injection – this time totalling more than $5 million.

The 2014 Northpower line holiday will result in $5.47m being returned to Northpower consumers throughout Kaipara and Whangarei. Included is a $600,000 industry rebate.

In just 14 months, Northpower consumers have received four separate credits worth more than $19m (over $11m in line holidays and $8m in Northpower Electric Power Trust distributions). And since 1993, $187m has been returned directly to Northpower consumers by the company and the NEPT – $99.7m in line holidays and $88m in NEPT distributions.

Thanks to this latest line holiday, consumers connected to the Northpower electricity network at 6am on February 12 will receive credits of between $35 and $145 on their next power accounts issued by electricity retailers.

The credits are based on energy consumption for the previous 12 months. The payout is broken into three tiers:

• $145 for people who used more than 15,000 units

• $95 for consumers who used between 2,000 and 15,000 units

• $35 for those who used less than 2000 units

Currently 55,605 power installation control points (ICPs) are connected to the Northpower network, although some properties (such as dairy farms) have more than one ICP.

Northpower Chairman Warren Moyes says Northpower’s financial performance is
very pleasing.

“We are still reinvesting in the business and growing as a company,” says Mr Moyes.

“Our Australian business is profitable and the performance of the Northpower electricity network has been very impressive for many years now – as signified by being voted New Zealand’s Lines Company of the Year in 2013.”

Northpower Network General Manager Graham Dawson believes Northpower is on track for a strong year in 2014.

“Through our continuous improvement programme we are constantly looking at ways to improve our performance and keep costs under control, while enabling the community through technology leadership in projects such as the electric vehicle initiative and our Whangarei fibre network.

“Once we have completed our ultra-fast broadband fibre network build in Whangarei this year we will be looking to broaden our scope in fibre. This will also be of benefit to our community as a long-term investment and to help enable our community to progress and keep up with the rest of the world.”

To find out more: 0800 15 50 50

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: RBNZ Keeps OCR At 3.5%, Signals Slower Pace Of Future Hikes

Reserve Bank governor Graeme Wheeler kept the official cash rate at 3.5 percent and signalled he won’t be as aggressive with future rate hikes as previously thought as inflation remains tamer than expected. The kiwi dollar fell to a seven-month low. More>>

ALSO:

Weather: Dry Spells Take Hold In South Island

Many areas in the South Island are tracking towards record dry spells as relatively warm, dry weather that began in mid-August continues... for some South Island places, the current period of fine weather is quite rare. More>>

ALSO:

Scoop Business: Productivity Commission To Look At Housing Land Supply

The Productivity Commission is to expand on its housing affordability report with an investigation into improving land supply and development capacity, particularly in areas with strong population growth. More>>

ALSO:

Forestry: Man Charged After 2013 Death

Levin Police have arrested and charged a man with manslaughter in relation to the death of Lincoln Kidd who was killed during a tree felling operation on 19 December 2013. More>>

ALSO:

Smells Like Justice: Dairy Company Fined Over Odour

Dairy company fined over odour Dairy supply company Open Country Dairy Limited has been convicted and fined more than $35,000 for discharging objectionable odour from its Waharoa factory at the time of last year’s ”spring flush” when milk supply was high. More>>

Scoop Business: Dairy Product Prices Decline To Lowest Since July 2012

Dairy product prices dropped to the lowest level since July 2012 in the latest GlobalDairyTrade auction, led by a slump in rennet casein and butter milk powder. More>>

ALSO:

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news