Customised price path re-energises Otago lines company

Aurora says it's cleared its red-stickered poles. (Image: Aurora)

Thu, 12 Oct 2023

Aurora Energy banked $142.8 million in revenue for its 2023 financial year, up $31.8m on 2020, after introducing a customised pricing path with the electricity regulator two years ago.Lines charges made up $100.5m of that, up 22.4% on the prior year’s $82.1m. Under its 2021 customised price-quality path agreed with the Commerce Commission, the Otago lines company is limited to a 10% annual tariff increase to consumers.And while 2020 numbers came in at a $4.2m net loss after tax, the Dunedin-based company booked a net profit after tax...

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