$5 million dollar line charge holiday

Date: Tuesday 10th February 2009

Subject: $5 million dollar line charge holiday

Northpower consumers are set to receive something back from their local lines company.

Northpower will provide all consumers connected to its network with a line charge holiday, which this year totals $5 million.

The line holiday will appear in the form of a credit on consumers February/March power accounts regardless of their electricity retailer. The credit will be distributed to all consumers connected to Northpower’s lines as at midnight 10th February 2008.

Northpower network consumers who use between 2,000 - 15,000 units per year will receive a $95 credit. Small consumers (less than 2000 units) will receive $35 and the large consumers (greater than 15000 units) will receive $145.

Northpower Chairman Warren Moyes is pleased to be able to pass on this contribution to Northpower consumers.

“Consumers will save a total of $5 million on line charges. This amount is what the company would have expected to receive for maintaining and operating the lines, transformers, and poles for just under two months,” Mr Moyes said.

“We have undertaken significant work to ensure our Network is running efficiently and effectively, allowing us to concentrate on the priority of delivering a reliable and safe power supply to the region.

The region has experienced 10% growth in the last five years and seen greater power consumption than ever before.” he said.

“Over the past 10 years we have transitioned from a local lines company which employed 150 people, to a successful asset manager and the largest electricity distribution contractor in the country with over 1000 employees. As a Northland owned company our growth and expansion provides direct benefits back into the local economy through career opportunities, sponsorships, trust distributions and line charge holidays,” he said.

ENDS

© Scoop Media