Energy

NZ Steel facing huge increase in electricity transmission costs

Ian Llewellyn and Andy Fyers
Fri, 29 Apr 2022

NZ Steel looks to be the hardest hit by changes to electricity transmission charges (Image: Getty)

Ian Llewellyn and Andy Fyers
Fri, 29 Apr 2022

New Zealand Steel is set to be one of the hardest hit by changes to how electricity transmission costs are allocated with a potential 348% increase in charges to more than $14 million.However, these increases will be phased in over time with a price cap reducing an initial price shock.System operator Transpower has released its latest iteration on how reforms to the transmission pricing methodology will pan out.This is a look at how much the transmission bill was last year with what customers would face if the changes (scheduled to take effect...

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NZ Steel facing huge increase in electricity transmission costs

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