Lines costs forecast to increase
Contact Energy Limited Level 2 Harbour City Tower, 29 Brandon Street, Wellington 6011 | PO Box 10742, Wellington 6143
P: +64 4 499 4001 | W: contactenergy.co.nz
29 May 2024
Lines costs forecast to increase
This morning the Commerce Commission released draft decisions on the price-quality paths
for electricity distribution businesses and Transpower for 2025-2030.
The draft decisions signal significant increases in allowable revenue of around 24% for
electricity distribution businesses and 15% for Transpower in the first regulatory year.
If finalised consistent with the draft decisions, the Commission estimates the transmission
and distribution component of a household’s electricity bill will increase, on average, by $15
per month for affected networks. This represents an additional $180 per year on average
across most of New Zealand.
Further information on these draft decisions can be found on the Commerce Commission’s
website here.
Final decisions are expected on 29 November 2024, with the new network charges coming
into effect on 1 April 2025.
- ends -
Investor enquiries
Shelley Hollingsworth
Investor Relations and Strategy Manager
+64 27 227 2429
shelley.hollingsworth@contactenergy.co.nz
Media enquiries
Louise Wright
Head of Communications and Reputation
+64 21 840 313
louise.wright@contactenergy.co.nz
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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