NZ Steel facing huge increase in electricity transmission costs

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

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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