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


Updated asset health reporting for Transpower

8 December 2017
Release No. 65

Updated asset health reporting for national electricity grid operator Transpower

The Commerce Commission has today released updated asset health reporting requirements for electricity transmission company Transpower.

Under Part 4 of the Commerce Act, the Commission sets the maximum revenue Transpower can earn and the quality standards it must meet.

The asset health reporting provisions require Transpower to publicly report on the health of its assets in the national electricity grid, including its power transformers, outdoor circuit breakers, insulators, and tower foundations and protective coatings.

The updated reporting requirements are more flexible and take into account the evolving state of Transpower’s asset health models. They will be used for the remainder of the current regulatory period, with scope for them to be further refined for the next regulatory period, starting in April 2020.

The requirements are consistent with the Commission’s broader focus on the asset management practices of regulated energy suppliers, to ensure they prioritise investment and maintenance of their assets to deliver the reliability and resilience consumers expect.

A copy of the updated requirements can be found on our website.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Mycoplasma Bovis: More Properties Positive

One of the latest infected properties is in the Hastings district, the other three are within a farming enterprise in Winton. The suspect property is near Ashburton. More>>


Manawatū Gorge Alternative: More Work Needed To Choose Route

“We are currently working closely and in partnership with local councils and other stakeholders to make the right long-term decision. It’s vital we have strong support on the new route as it will represent a very significant long-term investment and it will need to serve the region and the country for decades to come.” More>>


RBNZ: Super Fund Chief To Be New Reserve Bank Governor

Adrian Orr has been appointed as Reserve Bank Governor effective from 27 March 2018, Finance Minister Grant Robertson says. More>>


ScoopPro: Helping PR Professionals Get More Out Of Scoop has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>

Insurance: 2017 Worst Year On Record For Weather-Related Losses

The Insurance Council of New Zealand (ICNZ) announced today that 2017 has been the most expensive year on record for weather-related losses, with a total insured-losses value of more than $242 million. More>>