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Vector Network News - 1 December 2014
MEDIA RELEASE
1 December 2014
Vector Network
News
On Friday, the Commerce Commission released its
decision on the default price path for 16 electricity lines
businesses.
As a result of their analysis, the Commerce Commission have given a clear view of the average residential electricity bill split.
They say that distribution (local lines charges) is only 23.2% of an average bill and transmission (Transpower) charges are about 7.4% of an average consumer bill.
Network
summary for week ending 30 November
2014
Electricity
Contractors struck an electrical cable in Massey during the week. Electricity supply was not affected, and the cable was referred to supervisors for urgent further work.
Lines sparked in Torbay during the week, and a customer was referred to a private electrician, as it was not due to a fault on Vector’s network.
Car v. pole incidents in Mangere, One Tree Hill and Papatoetoe saw some damage to our network during the week.
Emergency services requested that Vector isolate power to house fires in Mangere (2), Manurewa, Te Atatu, Greenlane, Birkdale and Otara during the week. Emergency services also requested isolation of both gas and electricity to the properties in Glenfield that were damaged when a large crane toppled on to them.
Gas
There were two cases of third party damage in Hamilton during the week. Service providers were also called to investigate a smell of gas in Manukau, but no trace was found.
Shorts
• Vector owns over 18,000 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.
Vector owns and
manages a unique portfolio which consists of electricity
distribution, gas transmission and distribution, electricity
and gas metering installations and data management services,
natural gas and LPG and fibre optic networks.
Vector is listed on the New Zealand Stock Exchange with ticker symbol VCT. Our majority shareholder, with voting rights of 75.4%, is the Auckland Energy Consumer Trust (AECT).
Vector
is listed on the New Zealand Stock Exchange with ticker
symbol VCT. For further information, visit www.vector.co.nz
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