INDEPENDENT NEWS

Consumers say No to $78 million transmission price hike

Published: Wed 27 Jul 2016 09:26 AM
Wednesday 27 July 2016
Entrust and Auckland electricity consumers say No to $78 million transmission price hike
Positive response to hip hop video with 262K Facebook views
An unprecedented response from Auckland consumers regarding an Electricity Authority proposal to increase electricity transmission prices for Aucklanders by an additional $78 million per year shows how unpopular the proposal is, according to Entrust (formerly Auckland Energy Consumer Trust).
Entrust Deputy Chairman, Michael Buczkowski said consumer engagement about the issue was unprecedented with a hip-hop video about the issue developed in collaboration with the Hip Op-eration Crew receiving 262K views on Facebook and hundreds of supportive comments. Additionally, a large number of submissions opposing the proposal had been made to the Electricity Authority.
“Typically very few consumers engage in a regulatory consultation process about a complex policy issue and while we actively brought the issue to the attention of our beneficiaries we have received a much bigger response than we expected which shows Aucklanders do not support the Electricity Authority proposal,” he said.
Mr Buczkowski said the Electricity Authority proposal would see Aucklanders paying an extra $78 million a year in transmission grid charges, while electricity generators such as Meridian and Contact and the owners of Tiwai Smelter would financially benefit by $94 million at the cost of Aucklanders.
“The increase would see average residential customers paying approximately $97 extra each year, while businesses would face a $148 increase each year, schools an additional $1,577 each year and large electricity users like hospitals paying up to $22,000 extra every year.
“This change would have an adverse impact on Auckland families, the elderly and small business owners who are at the heart of Auckland’s economic engine room and least able to afford large increases.
“We believe it is fairer to spread transmission costs equally across all users of the grid including electricity generators. This is fairer and in the long term interest of consumers,” he said.
Mr Buczkowski said Entrust had also made a formal submission to the Electricity Authority opposing their proposal (see Appendix 1 below).
ENDS

Next in Business, Science, and Tech

Meridian spilled water to hike electricity prices - Authority ruling
By: RNZ
XE Data Update - RBNZ Official Cash Rate Decision
By: XE Money Transfer
Kiwis Ignore Promise Of Cheaper Power
By: Canstar Blue
COVID-19 Contributes To 1.6 Percent Fall In March Quarter GDP
By: Statistics New Zealand
Transmission Pricing For A Low Carbon Future
By: Electricity Authority
Investor Confidence Falls To Four-year Low
By: ASB Bank
Funding For R&D; In New Zealand – Expert Reaction
By: Science Media Centre
2019 Prime Minister’s Science Prizes Announced
By: Prime Minister Science Prizes
Fuel, alcohol costs to go up from today
By: RNZ
Young Kiwi Astro-photographer Shoots For The Stars
By: Stardome Observatory
Time For EU To Commit To A Level Playing Field For Trade
By: DCANZ - Dairy Companies Association New Zealand
Protecting NZ Fries As Part Of PNZ Pandemic Recovery & Transformation Plan
By: Potatoes New Zealand
Supporting Kiwi businesses to resolve rent disputes
By: New Zealand Government
Understanding 5G Concerns – Expert Q&A;
By: Science Media Centre
Record Monthly Surplus As Imports Dive
By: Statistics New Zealand
View as: DESKTOP | MOBILE © Scoop Media