Most power firms to pass on network reductions

Thu, 20 Feb 2020

Power consumers look set to capture much of the benefit of a $200 million reduction in lines charges in the coming year with most of the country’s major retailers indicating they will pass them through. The drop in charges - $72 million across many of the country’s electricity distributors and $142 million from the revenue of national grid operator Transpower – was announced by the Commerce Commission late last year and reflects the sharp fall in interest costs since the commission last reset the regulated charges five years ago. Historic...

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