Labour will drop power prices for Kiwi families

Press Release – New Zealand Labour Party

New Zealanders will get cheaper power prices under NZ Power, says Labour Leader David Cunliffe. Read more »

MEUG appeal on cost of capital

Press Release – Major Electricity Users Group

The Major Electricity Users Group (MEUG) has elected not to apply for special leave to appeal the High Court decision on the cost of capital used for regulated energy transmission and distribution services. Read more »

Network Summary for week ending 24 August 2014

Press Release – Vector

Fires across the city kept Vector crews busy during the week. For safety, power was isolated to seven house/building fires in Mangere, Mt Albert, Glen Eden, Kelston, Takapuna and Browns Bay. Read more »

Meridian to sell metering business Arc Innovations to Vector

Article – BusinessDesk

Aug. 25 (BusinessDesk) – Meridian Energy, the government-controlled energy company, will sell its metering assets and services business, Arc Innovations, to Vector, the Auckland lines company, as it focuses on its retail business. Read more »

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 »

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