Commission settles with Horizon Energy

Press Release – Commerce Commission

The Commerce Commission has reached an out-of-court settlement with Horizon Energy Distribution Limited (Horizon Energy) for earning more than its price path allowed in 2011/12. For the year ended 31 March 2012, Horizon Energy exceeded its price path … Read more »

Regulator cuts future Horizon Energy earnings in settlement

Article – BusinessDesk

Sep. 5 (BusinessDesk) – The Commerce Commission will cut the amount Horizon Energy can earn in coming years as part of an out-of-court settlement with the lines company after it earned 3 percent more than its regulated pricing allows. Read more »

SFO charges MightyRiverPower engineer with $2 mln fraud

Article – BusinessDesk

Sept. 2 (BusinessDesk) – The Serious Fraud Office has charged a MightyRiverPower engineer of fraudulently issuing invoices totalling $2 million. Read more »

SFO lays charges for procurement fraud

Press Release – Serious Fraud Office

Two individuals have been charged in the Auckland District Court today with Crimes Act charges laid by the Serious Fraud Office for alleged fraud against Mighty River Power Limited relating to procurement for the Companys Southdown power station. Read more »

Vector Network News

Press Release – Vector Limited

Vector has made it easier for our northern network customers to report an outage. Instead of calling their retailer they can now get in touch with Vector directly. Read more »

Final decision on Transpower allowances, quality standards

Press Release – Commerce Commission

The Commerce Commission has released its final decision on the allowances for operating and base capital expenditure, quality standards, and reporting requirements that will be used to set Transpowers price-quality path for the next five year regulatory … Read more »

Customers set to take more control in power switch up

Press Release – PricewaterhouseCoopers

Electricity consumers want more control over their energy supply, usage, service standards and costs, according to findings from a PwC report, Utility of the future a New Zealand context. Read more »

Second Highest Response to Tararua Community Awards

Press Release – TrustPower Community Awards

With 56 entries received for the Trustpower Tararua District Community Awards, the second highest result since the awards started in 2004; locals have really got behind their volunteers. Read more »

Genesis beats prospectus forecast with 53% drop in FY profit

Article – BusinessDesk

Aug. 27 (BusinessDesk) – Genesis Energy, New Zealands largest energy retailer, posted a 53 percent drop in full-year profit, beating its prospectus forecast and affirmed it was on track to meet its targets for 2015 even in the face of heightened … Read more »

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 »

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