Vector profit down on price cuts, reduced energy consumption

Article – BusinessDesk

Aug. 22 (BusinessDesk) – Auckland electricity and gas network operator Vector saw net profit after tax fall 16.9 percent to $171.3 million in the year to June 30, as regulator-mandated cuts to its monopoly assets bit into revenues, along with lower … Read more »

Shearer claims on power pricing misleading our customers

Press Release – Mighty River Power

Claims by Labour Energy spokesperson, David Shearer, about rocketing power prices and outrageous profits are plainly incorrect and grossly misleading for New Zealand electricity consumers. Mighty River Power Chief Executive, Doug Heffernan, … Read more »

MRP exceeds prospectus forecasts as Heffernan signs off

Article – BusinessDesk

Aug. 20 (BusinessDesk) – Tight cost control and reduced sales to commercial and industrial customers at low prevailing wholesale electricity prices were primary contributors to state-controlled electricity generator and retailer MightyRiverPower turning in … Read more »

Kāpiti Civic Building achieves ‘excellent’ energy rating

Press Release – Energy Efficiency and Conservation Authority

Kpiti Coast District Councils refurbished Civic Building in Paraparaumu has been awarded 4.5 stars out of 6 for energy performance under NABERSNZ, the energy rating scheme for office buildings. The score, covering the whole buildings energy … Read more »

Kiwi environmental innovation receives international honours

Press Release – Contact Energy

Beca has been awarded Global Winner for the Design Projects Category of the 2014 International Water Association (IWA) Global Project Innovation Awards Competition. The design work on Contact Energys Wairkei bioreactor is a Kiwi innovation and … Read more »

Flick Electric Co. promises to shake up market

Press Release – Flick Electric Co

[Wellington, New Zealand] New Zealands newest, truly independent, electricity retailer Flick Electric Co. has entered the market in Wellington and Hamilton offering New Zealanders access to the spot market price of electricity for the first time. Read more »

World’s First carboNZero certified battery released in NZ

Press Release – Enviro-Mark

Internationally recognised carboNZero CertTM product certification backs carbon neutral claims for LEI Electronics Inc.s Eco Alkaline battery Read more »

Record profits while Kiwis face a cold winter

Press Release – New Zealand Labour Party

The record profits by two of New Zealands largest electricity companies will be a bitter pill for New Zealand households who are paying record amounts for their power, says Labours Energy spokesperson David Shearer. Read more »

Contact Energy mulling capital return to shareholders

Article – BusinessDesk

Aug. 18 (BusinessDesk) – Contact Energy directors are actively considering a capital return to shareholders as the company emerges from a five year, $2 billion programme of investment in new power stations and IT systems and enters a period of increasingly … Read more »

Contact Energy profit up 17.6% on new plant and hydro gains

Article – BusinessDesk

Aug. 18 (BusinessDesk) – The stars aligned for Contact Energy in the year to June 30, producing a 17.6 percent increase in net profit at $234 million and a second dividend increase for shareholders in two years, as a new geothermal power station … Read more »

Contact Energy 2014 full year results

Press Release – Contact Energy

The completion of Contacts current investment programme in over $2 billion of new assets is evident in the strong results our business has delivered in FY14. Our diverse and flexible generation portfolio, supported by a reduction in gas take-or-pay … Read more »

Meridian beats forecast with 22% drop in FY profit

Article – BusinessDesk

Aug. 18 (BusinessDesk) – Meridian Energy, which went public in October with a listing of installment receipts, posted a 22 percent decline in full-year profit in a market where retail electricity demand was flat and wholesale prices fell. Read more »

Vector Crews Kept Busy with House Fires and Gas Strikes

Press Release – Vector

There were car v pole incidents in Whitford and Manurewa during the week. A truck also hit a transformer enclosure*. Read more »

Northpower voted 2014 Lines Company of the Year

Press Release – North Power

Northpower has been judged New Zealands best electricity lines company for the second year running. The announcement was made at the Deloitte Energy Excellence Awards in Auckland on Wednesday. Read more »

Transpower posts drop in full-year profit after big upgrades

Article – BusinessDesk

Aug. 14 (BusinessDesk) – State-owned monopoly Transpower, operator of the national electricity grid, has reported an 18 percent drop in full-year profit, reflecting higher depreciation and interest costs following completion of major grid upgrades. Read more »

Lighting technology to help realise aspirations for stadiums

Press Release – Philips

New Zealand stadiums have the opportunity to become world leaders in pitch lighting, with Philips release in New Zealand of LED floodlights as part of its ArenaVision range. Read more »

Northpower – record financial performance

Press Release – Northpower

Erc Angelo, Chairman of the Northpower Electric Power Trust (NEPT) is pleased to announce a strong financial performance for the 2013/2014 financial year. Revenue for the Northpower Group for the 2013/2014 financial year lifted 9% to $308m and … Read more »

Vector Network News

Column – Vector

This week is Rail Safety Week (11th 17th August). Its an initiative to raise awareness about rail safety and encourage safe behaviour around trains and tracks. Aucklands new electric trains is supplied by two connections to Transpower’s 220 … Read more »

Five Far North schools win $6190 NRC environmental awards

Press Release – Northland Regional Council

Schools around New Zealand are being challenged to convert to solar power for their energy supply to match the efforts of a tiny Northland Regional Council award-winning school in the Far North. We need the sort of innovative approach thats happening … Read more »

Auckland Airport launches industry-leading energy programme

Press Release – Auckland Airport

A new initiative launched today will see Auckland Airport working in partnership with tenants to achieve ambitious energy-saving targets. Read more »

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