Ashburton Hit with Largest Proposed Power Price Rise
new-zealand-first-party
Tue May 17 2016 12:00:00 GMT+1200 (New Zealand Standard Time)
Ashburton Hit with Largest Proposed Power Price Rise
Tuesday, 17 May 2016, 5:08 pm
Press Release: New Zealand First Party
Ashburton Hit with Largest Proposed Power Price Rise
Ashburton’s 18,709 electricity consumers will face the largest average price increases in New Zealand at almost $449 a connection under proposals put out today by the Electricity Authority, says New Zealand First.
“The proposal comes from a review of Transpower’s Pricing Methodology which is demanding $8.4 million in total from Ashburton consumers,” says New Zealand First Energy and Commerce Spokesperson Fletcher Tabuteau.
“It’s a nasty shock for dairy and arable farmers given larger power users will pay more than smaller ones.
“Dairy farmers will be looking at their budgets again as they face a third season of losses, with the dairy payout still down.
“Where is the supportive government when an unelected body, such as the authority, which purports to be acting to benefit the consumer, proposes such harsh increases?
“It should step in and demand smoothing of prices across the country, in fairness for all. There’s money from grid owner Transpower’s profit last year of $194 million to do that.”
What it means per Installation Control Point:
Lines Company
Status Quo
Proposed
Difference
Difference
Per-connection (ICP)
$m
$m
$m
%
Red = ICP Increase p.a.
Electricity Ashburton
3.6
12.0
$ 8.40
233.3%
$ 448.98
Westpower
1.6
4.7
$ 3.10
193.8%
$ 231.55
Top Energy
4.3
9.5
$ 5.20
120.9%
$ 167.59
Horizon
3.2
6.9
$ 3.70
115.6%
$ 151.71
Vector
178.8
256.7
$ 77.90
43.6%
$ 141.21
Northpower
13.0
20.6
$ 7.60
58.5%
$ 136.47
Buller Electricity
1.3
1.8
$ 0.51
40.2%
$ 110.63
The Lines Company
3.7
5.2
$ 1.50
40.5%
$ 64.95
Network Waitaki
3.2
4.0
$ 0.80
25.0%
$ 63.37
OtagoNet JV
4.0
4.7
$ 0.70
17.5%
$ 60.70
Counties Power
10.2
12.5
$ 2.30
22.5%
$ 58.03
WEL
19.7
22.1
$ 2.40
12.2%
$ 27.86
Electra
6.4
7.3
$ 0.90
14.1%
$ 20.66
The Power Company
9.7
10.1
$ 0.40
4.1%
$ 11.24
Lakeland Network
0.2
0.2
$ -
0.0%
$ -
Powerco
74.2
72.5
-$ 1.70
-2.3%
$ 5.35
Network Tasman
10.7
10.3
-$ 0.40
-3.7%
$ 10.47
Waipa Power
6.4
6.0
-$ 0.40
-6.3%
$ 15.82
Alpine Energy
10.5
9.9
-$ 0.60
-5.7%
$ 18.79
Mainpower
9.5
8.3
-$ 1.20
-12.6%
$ 32.17
Aurora Energy
21.6
19.3
-$ 2.29
-10.6%
$ 25.56
Eastland Network
5.3
4.2
-$ 1.10
-20.8%
$ 43.30
Scanpower
1.5
1.2
-$ 0.30
-20.0%
$ 44.70
Centralines
2.0
1.6
-$ 0.40
-20.0%
$ 49.06
Marlborough Lines
6.6
4.9
-$ 1.70
-25.8%
$ 68.32
Wellington Electricity
55.2
43.2
-$ 12.00
-21.7%
$ 71.14
Orion
63.9
47.6
-$ 16.30
-25.5%
$ 85.79
Unison
30.5
24.8
-$ 5.70
-18.7%
$ 73.26
Electricity Invercargill
5.5
3.6
-$ 1.90
-34.5%
$ 109.13
ICP is the Installation Control Point. ICP numbers from the Electricity Authority
ENDS
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