Ashburton Hit with Largest Proposed Power Price Rise
Ashburton Hit with Largest Proposed Power Price
Rise
Ashburton’s 18,709 electricity consumers will
face the largest average price increases in New Zealand at
almost $449 a connection under proposals put out today by
the Electricity Authority, says New Zealand First.
“The proposal comes from a review of Transpower’s Pricing Methodology which is demanding $8.4 million in total from Ashburton consumers,” says New Zealand First Energy and Commerce Spokesperson Fletcher Tabuteau.
“It’s a nasty shock for dairy and arable farmers given larger power users will pay more than smaller ones.
“Dairy farmers will be looking at their budgets again as they face a third season of losses, with the dairy payout still down.
“Where is the supportive government when an unelected body, such as the authority, which purports to be acting to benefit the consumer, proposes such harsh increases?
“It should step in and demand smoothing of prices across the country, in fairness for all. There’s money from grid owner Transpower’s profit last year of $194 million to do that.”
What it means per Installation Control Point:
Lines Company | Status Quo | Proposed | Difference | Difference | Per-connection (ICP) | |
$m | $m | $m | % | Red = ICP Increase p.a. | ||
Electricity Ashburton | 3.6 | 12.0 | $ 8.40 | 233.3% | $ 448.98 | |
Westpower | 1.6 | 4.7 | $ 3.10 | 193.8% | $ 231.55 | |
Top Energy | 4.3 | 9.5 | $ 5.20 | 120.9% | $ 167.59 | |
Horizon | 3.2 | 6.9 | $ 3.70 | 115.6% | $ 151.71 | |
Vector | 178.8 | 256.7 | $ 77.90 | 43.6% | $ 141.21 | |
Northpower | 13.0 | 20.6 | $ 7.60 | 58.5% | $ 136.47 | |
Buller Electricity | 1.3 | 1.8 | $ 0.51 | 40.2% | $ 110.63 | |
The Lines Company | 3.7 | 5.2 | $ 1.50 | 40.5% | $ 64.95 | |
Network Waitaki | 3.2 | 4.0 | $ 0.80 | 25.0% | $ 63.37 | |
OtagoNet JV | 4.0 | 4.7 | $ 0.70 | 17.5% | $ 60.70 | |
Counties Power | 10.2 | 12.5 | $ 2.30 | 22.5% | $ 58.03 | |
WEL | 19.7 | 22.1 | $ 2.40 | 12.2% | $ 27.86 | |
Electra | 6.4 | 7.3 | $ 0.90 | 14.1% | $ 20.66 | |
The Power Company | 9.7 | 10.1 | $ 0.40 | 4.1% | $ 11.24 | |
Lakeland Network | 0.2 | 0.2 | $ - | 0.0% | $ - | |
Powerco | 74.2 | 72.5 | -$ 1.70 | -2.3% | $ 5.35 | |
Network Tasman | 10.7 | 10.3 | -$ 0.40 | -3.7% | $ 10.47 | |
Waipa Power | 6.4 | 6.0 | -$ 0.40 | -6.3% | $ 15.82 | |
Alpine Energy | 10.5 | 9.9 | -$ 0.60 | -5.7% | $ 18.79 | |
Mainpower | 9.5 | 8.3 | -$ 1.20 | -12.6% | $ 32.17 | |
Aurora Energy | 21.6 | 19.3 | -$ 2.29 | -10.6% | $ 25.56 | |
Eastland Network | 5.3 | 4.2 | -$ 1.10 | -20.8% | $ 43.30 | |
Scanpower | 1.5 | 1.2 | -$ 0.30 | -20.0% | $ 44.70 | |
Centralines | 2.0 | 1.6 | -$ 0.40 | -20.0% | $ 49.06 | |
Marlborough Lines | 6.6 | 4.9 | -$ 1.70 | -25.8% | $ 68.32 | |
Wellington Electricity | 55.2 | 43.2 | -$ 12.00 | -21.7% | $ 71.14 | |
Orion | 63.9 | 47.6 | -$ 16.30 | -25.5% | $ 85.79 | |
Unison | 30.5 | 24.8 | -$ 5.70 | -18.7% | $ 73.26 | |
Electricity Invercargill | 5.5 | 3.6 | -$ 1.90 | -34.5% | $ 109.13 |
ICP is the Installation Control Point. ICP numbers from the Electricity Authority
ENDS