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