Vector incurs deeper revenue cut in final ComCom reset

By Gavin Evans | Wed, 27 Nov 2019


Vector, the country’s biggest electricity distributor, faces a further $14.6 million reduction in the maximum revenue it can make from its electricity network activities next year. The Commerce Commission today set maximum revenue allowances for most of the country’s lines businesses, with Vector’s set at $389.4 million – about $25 million less than allowed for the current year and about $14.6 million less than was signaled in May. Vector, which also operates gas pipelines, a solar business, and a metering and telecommunications arm, note...