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

 


Vector Network News

Vector Network News


AUCKLAND ELECTRICITY PRICING

Some consumers on our network have received letters from their retailers indicating that retail prices are increasing due to Vector’s lines charges increasing.

From April 1 this year, the distribution component of Vector’s lines charges has decreased by a weighted average of 2.4%. This follows similar but larger decreases from 1 April 2013 when the distribution component of line charges decreased by a weighted average of 8.43%.

Vector’s line charges are made up of a number of components. Some of these relate directly to our local electricity distribution network while others do not. The cost of the national transmission grid spanning New Zealand is levied on electricity distributors, including Vector. We add these costs to our own distribution costs and recover them from retailers.

The cost for the national transmission grid has been increasing over the last three years. This follows significant investment into the transmission system.

From April 1 this year, we have separately identified the costs for the national transmission grid in lines prices. Separating these charges will provide greater transparency of Vector’s distribution pricing.


NETWORK SUMMARY for week ending 2 March 2014
ELECTRICITY
A quiet week on the roads with no car v pole incidents reported.

Lines were reported down in Papatoetoe and Mt Wellington which caused only minor disruption to customers. Repairs were made quickly.

Contractors struck an electricity cable while carrying out work in Green Bay. Urgent repairs were made.

Our crews were called out to isolate the power at properties in Onehunga, Clendon, Manurewa and Papatoetoe after fires broke out at the residences. Crews also attended a car on fire next to a building in Kumeu.


GAS

Contractors struck gas pipes as they undertook work in Eden Terrace and Wattle Downs.


PROJECTS

The major gas rehabilitation project, which will see older low pressure gas pipes converted to new medium pressure pipes in Greenlane, Otahuhu and Papatoetoe, is making great progress. The project has taken six months already with the majority of the work due to be completed in May this year. It is part of a four year programme by Vector to upgrade all the gas pipes in these areas.

SHORTS

• Vector owns over 17,800 kilometres of overhead and underground lines in the greater Auckland area, and 12,752 of gas pipe lines, almost half of which supply gas to Auckland.

• Vector, proud sponsor of the Arena.


Ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half Empty: Fonterra's 2017 Opening Forecast Below Expectations

Fonterra Cooperative Group raised its forecast farmgate milk payout for next season by less than expected as the world's largest dairy exporter predicts lower prices will crimp production and supply will pick up. The New Zealand dollar fell. More>>

ALSO:

Pest Control: Mouse Blitz Team Leaves For Antipodes

The Million Dollar Mouse project to rid Antipodes Island of mice is underway with the departure of a rodent eradication team to the remote nature reserve and World Heritage Area. More>>

Gongs Got: Canon Media Awards & NZ Radio Awards Happen

Radio NZ: RNZ website The Wireless, which is co-funded by NZ On Air, was named best website, while Toby Manhire and Toby Morris won the best opinion general writing section for their weekly column on rnz.co.nz and Tess McClure won the best junior feature writer section. More>>

ALSO:

Pre-Budget: Debt Focus Risks Losing Opportunity To Stoke Economy

The Treasury is likely to upgrade its forecasts for economic growth in Budget 2016 next week but Finance Minister Bill English has already signalled that more of his focus is on debt repayment than on fiscal stimulus or tax cuts... More>>

ALSO:

Fulton Hogan's Heroes: Managing Director Nick Miller Resigns

Fulton Hogan managing director Nick Miller will leave the privately owned construction company after seven years in charge. The Dunedin-based company has kicked off a search for a replacement, and Miller will stay on at the helm until March next year, or until a successor has been appointed and a transition period completed. More>>

ALSO:

Gordon Campbell: On Electricity, Executions, And Bob Dylan

The Electricity Authority has unveiled the final version of its pricing plan for electricity transmission. This will change the way transmission prices (which comprise about 10% of the average power bill) are computed, and will add hundreds of dollars a year to power bills for many ordinary consumers. More>>

ALSO:

Half Empty: Fonterra NZ, Australia Milk Collection Drops In Season

Fonterra Cooperative Group says milk collection is down in New Zealand and Australia, its two largest markets, in the first 11 months of the season during a period of weak dairy prices. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news