EVolocity Event A Hit With Electric Vehicle Enthusiasts

Press Release – EVolocity

New Zealands first ever day of electric motorsport took place this past Sunday at Mike Pero Motorsport Park, Ruapuna Christchurch. EVolocity, sponsored by Orion, featured standing sprints (drags) and lap sprints for electric go karts, motor bikes … Read more »

Electra Acquires Security Business

Press Release – Electra

Local electricity lines company, Electra, has announced that it has acquired Wanganui Security, a company providing a full range of monitoring, response and security services Read more »

$4.67m returned to NEPT shareholders

Press Release – Northpower

Northpower consumers will receive a pre-Christmas gift from the Northpower Electric Power Trust. All electricity consumers connected to the Northpower electricity lines network in Kaipara and Whangarei will find an $83 tax free credit on their next power … Read more »

Vector Network News – 1 December 2014

Press Release – Vector

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. Read more »

Final decisions: electricity distributor price-quality paths

Press Release – Commerce Commission

The Commerce Commission has issued its final decisions on the default price-quality paths for 16 electricity distributors (lines companies) for the period 2015-2020. Read more »

Electricity Investment Towers About Other Sectors

Press Release – Electricity Networks Association

In releasing the latest version of the Electricity Networks Associations PowerTracker, the Associations Chair Ken Sutherland says that a key message is that, despite a slow-down in demand, the electricity sector is the investment giant among … Read more »

Regulator trims 2015 national electricity line prices 1.1%

Article – BusinessDesk

NZ regulator ruling set to trim national electricity line prices by 1.1% in 2015 Read more »

MRP faced scaling up risk on several carbon credit contracts

Article – BusinessDesk

Nov. 27 (BusinessDesk) – A contractual dispute over carbon credits that MightyRiverPower is contesting in court is not the first time its faced a scaling up of the carbon credits it was required to take as part of its plan to offset carbon emissions from … Read more »

CORRECT: Retail electricity margins unsustainably high

Article – BusinessDesk

Nov. 26 (BusinessDesk) – Electricity companies’ margins on retail electricity tariffs are unsustainably high and will spur ongoing competition in the sector, to the detriment of companies like Genesis Energy, which is heavily skewed towards a residential customer … Read more »

Orion rebuild on track for completion by 2019

Press Release – Orion New Zealand Limited

Orion has met another milestone in restoring resilience and reliability to Christchurch’s electricity network with construction recently starting on a high voltage underground cable loop around the north of Christchurch. This is another big step in Orion’s … Read more »

MRP rejects carbon farmer’s carbon unit top-up claim

Article – BusinessDesk

Nov. 26 (BusinessDesk) – MightyRiverPower has claimed in the High Court it shouldnt have to pay for carbon units issued for years prior to the start of its contract with New Zealand Carbon Farming in 2013, which it entered as part of its effort to … Read more »

Retail electricity margins unsustainably high, broker says

Article – BusinessDesk

Nov. 26 (BusinessDesk) – Electricity companies’ margins on retail electricity tariffs are unsustainably high and will spur ongoing competition in the sector, to the detriment of companies like Genesis Energy, which is heavily skewed towards a residential customer … Read more »

Genesis raises US$150M in first US private placement issue

Article – BusinessDesk

Nov. 26 (BusinessDesk) – Genesis Energy, New Zealand’s largest electricity retailer, has raised US$150 million in its first issue of notes in the US private placement market and will use the funds to repay bank debt. Read more »

Vector cleared to buy Meridian’s Arc metering business

Article – BusinessDesk

Nov. 26 (BusinessDesk) – Vector, the Auckland electricity and telecommunications lines company, has been cleared to by Meridian Energy’s Arc Innovations metering business. Read more »

UPDATE: Carbon farmer sues MRP over $34.7 mln in ETS credits

Article – BusinessDesk

Nov. 25 (BusinessDesk) – New Zealand Carbon Farming, the countrys largest supplier of post-1989 bulk carbon credits, is suing Mighty River Power for $34.7 million over liability for carbon credits the listed energy company was contracted to buy as part … Read more »

CORRECT: Carbon farmer sues MRP over $34.7M in ETS row

Article – BusinessDesk

Nov. 25 (BusinessDesk) – New Zealand Carbon Farming, the countrys largest supplier of post-1989 bulk carbon credits, is suing Mighty River Power for $34.7 million over liability for carbon credits the listed energy company was contracted to buy as part … Read more »

Carbon farmer sues MRP over $34.7 million in ETS credits row

Article – BusinessDesk

Nov. 25 (BusinessDesk) – New Zealand Carbon Farming, the countrys largest supplier of post-1989 bulk carbon credits, is suing Mighty River Power for $34.7 million over liability for carbon credits the listed energy company was contracted to buy as part … Read more »

Draft decision on Transpower project amendment

Press Release – Commerce Commission

Commerce Commission releases draft decision on Transpowers Upper South Island reliability project amendment application Read more »

Vector Network News

Press Release – Vector Limited

We are just under 100 days to the Cricket World Cup 2015. The successful delivery of a reliable, uninterrupted flow of electricity during the Cricket World Cup has been a focus for Vector for the past year. Vector owns over 17,737 kilometres of … Read more »

Horizon Energy first-half profit drops 58%

Article – BusinessDesk

Nov. 20 (BusinessDesk) – Horizon Energy Distribution, the Bay of Plenty lines company which exceeded its regulated price path in 2012, said first-half profit fell 58 percent as the Commerce Commission forced it to earn less. Read more »

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