Vector depreciation bid rejected in ComCom DPP reset

Tue, 28 May 2019

By Gavin Evans May 29 (BusinessDesk) - Vector, the country’s biggest electricity distributor, has had its request to accelerate depreciation on its network assets turned down by the Commerce Commission. The company had sought a higher depreciation rate on its network assets to reflect the increased risk it sees to them as more firms and households invest in solar and batteries to reduce their demand from the grid. But the Commerce Commission, in a draft decision today, says it's not inclined to exercise the new discretion it has under...

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