Proactive electricity retailers lead the way internationally

Press Release – Electricity Authority

Latest international research shows New Zealands electricity retailers are competing fiercely for customers compared with those in selected overseas markets with competitive retail markets, but New Zealand consumers are relatively passive about exercising … Read more »

Review illustrates NZ’s positive electricity market

Press Release – Electricity Authority

The Electricity Authoritys annual review of the electricity market shows electricity demand is back on the increase, the four largest retailers are losing market share and electricity prices are being held, while technological innovations are likely … Read more »

Busy weekend for Auckland

Press Release – Vector Limited

Its one down and three to go at Eden Park for Cricket World Cup 2015. It was a very busy weekend in Auckland with the Volvo yachts coming in late Saturday, the Lantern Festival running in Albert Park and of course that cricket game. Vector crews … Read more »

Electricity Lines Tariff Reduction Announced

Press Release – Wellington Electricity Lines Limited

Wellington Electricity Lines Limited, the electricity lines company for the Wellington region, has today confirmed a reduction in their line charges that will take effect from 1 April 2015. Read more »

Transpower hikes 1H dividend, warns of regulatory threat

Article – BusinessDesk

Feb. 27 (BusinessDesk) – Transpower, the state-owned operator of the national electricity grid, hiked its first-half dividend to the government as revenue gained on the completion of its major upgrade, but is warning earnings and future payouts could be hit by … Read more »

Contact to hold energy and service prices flat

Press Release – Contact Energy

Contact Energy Limited today announced that it would be holding the energy and service components of its customers bills flat while making adjustments to account for changes in local network company tariff charges. Read more »

UPDATE: Genesis stock falls on stretch to reach FY earnings

Article – BusinessDesk

Feb. 24 (BusinessDesk) – Genesis Energy shares fell after New Zealands largest energy retailer said it faced “headwinds” of weaker global oil prices and aggressive competition for customers that would make it a stretch to reach its full-year … Read more »

Power companies too focussed on short-term pay-outs

Press Release – Green Party

Partially privatised energy companies are keeping electricity prices artificially high and ignoring international clean energy investment opportunities to ensure private shareholders get big pay-outs, the Green Party said today. Genesis Energy today announced … Read more »

Genesis Energy lifts 1H pretax earnings by 15%

Article – BusinessDesk

Genesis Energy lifts 1H pretax earnings by 15%, selling more electricity, gas to fewer customers Read more »

Geothermal exit, dry weather wallop Mighty River earnings

Article – BusinessDesk

Feb. 24 (BusinessDesk) – Electricity generator and retailer Mighty River Power declared a massive drop in earnings for the six months to Dec. 31, falling from $116 million in the comparable prior period to $8 million, largely reflecting one-off writedowns … Read more »

Farmers to get a chance to try wind generation for free

Press Release – Pacific Wind

Farmers and horticulturists interested in accessing an alternate power source will be able to trial an innovative new wind energy harvesting technology for free according to PacificWind vice president Reza Sehdehi. Read more »

Stormy Auckland sees Vector breach power service quality

Article – BusinessDesk

Feb. 20 (BusinessDesk) – Vector, the Auckland gas and electricity distribution monopoly, is in discussions with the Commerce Commission over a likely breach of its service quality agreement on its network for the second year in a row. Read more »

Vector first-half profit falls 17% on regulatory impost, mar

Article – BusinessDesk

Feb. 20 (BusinessDesk) – Vector, the Auckland gas and electricity distribution company, posted a 17 percent drop in first-half profit as a gain in sales was offset by regulated price reductions, mark-to-market losses on derivatives and increased borrowing costs. Read more »

Meridian privatisation lines pockets of investors

Press Release – Green Party

The partial privatisation of Meridian Energy has led to higher power prices and sent $625 million worth of bloated profits into the pockets of investors, the Green Party said today. Meridian announced today that revenue had risen 22 percent to $1.3 … Read more »

Meridian’s Binns hopeful of keeping smelter contract

Article – BusinessDesk

Feb. 18 (BusinessDesk) – Meridian Energy chief executive Mark Binns is hopeful of retaining the Tiwai Point smelter as a customer, but acknowledged there’s still some uncertainty with New Zealand Aluminium Smelter’s contract open to termination this … Read more »

Entries Open for Ashburton District Community Awards

Press Release – TrustPower

The search is on to unearth Ashburtons hardworking voluntary groups with entries now open for the Trustpower Ashburton District Community Awards. Read more »

Meridian delivers higher earnings

Press Release – Meridian Energy

Meridian Energy delivered a solid interim result for the six months to 31 December 2014, with higher earnings compared to the same period last year. Read more »

Meridian 1H earnings rise 21%, declares special dividend

Article – BusinessDesk

Feb. 18 (BusinessDesk) – Meridian Energy, which generates about 30 percent of the country’s electricity, lifted first-half earnings 21 percent as it widened margins and clamped down on costs, and has flagged capital returns for shareholders over … Read more »

Electricity line charges will decrease from 1 April 2015

Press Release – Eastland Group

Gisborne, East Coast and Wairoa electricity customers could see a 1.57 percent decrease in line charges from 1 April 2015, according to Eastland Network general manager Brent Stewart. The company, which is part of Eastland Group, today announced its … Read more »

Investors give raspberry to Contact offshore investment plan

Article – BusinessDesk

Feb. 16 (BusinessDesk) – Contact Energy shares dropped 8.4 percent to $6.34 by late afternoon following an announcement that it is considering an offshore geothermal energy investment strategy in the absence of growth opportunities in the New Zealand … Read more »

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