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Table of Contents Executive summary ............................................................................................... 2 What Auckland consumers have to say about electricity retail issues ........................... 3 The EAP has not fully met the requirements of the terms of reference ......................... 4 The big-5 incumbent retailers are to blame for residential price increases .................... 5 Sweet-heart deals with Tiwai Smelter are keeping prices artificially high ...................... 6 Stronger wholesale and retail competition needed to make electricity more affordable ... 8 Saves & Winbacks is making the two-tier retail market problem worse ...................... 11 Late payment penalties disadvantage vulnerable Kiwis unable to pay on time ............. 14 Prepayment arrangements exploit vulnerable consumers ......................................... 18 There are questions about compliance with the Vulnerable Consumer Guidelines and the objectives of the Guidelines .................................................................................. 19 Concluding remarks and recommendations ............................................................. 20 Appendix 1: Price increases over the last 18-years largely driven by retail (energy) .... 22 Appendix 2: Manipulation of pricing data can make it look like lines are to blame ........ 27 Appendix 3: The electricity retail and generation markets are highly “concentrated” .... 30 Appendix 4: Retail competition improvements driven by the last inquiry reforms -
New Zealand Broadband: Free TV's and Fridges - the Consumer Wins but Is It Sustainable?
MARKET PERSPECTIVE New Zealand Broadband: Free TV's and Fridges - The Consumer Wins but is it Sustainable? Peter Wise Shane Minogue Monica Collier Jefferson King Sponsored by Spark New Zealand Limited IDC OPINION The New Zealand telecommunications market is shifting; from a focus around better and faster connectivity, to service innovations and value. Consumers are enjoying better internet connectivity and a raft of competitive offers from more than 90 retailers. Retailers, however, are feeling the pinch of decreasing margins. Questions are starting to arise about the sustainability of such a competitive retail marketplace. Total telecommunications market revenues increased by 1.1% from NZ$5.361 billion in the year to December 2016 to NZ$5.421 billion in the year to December 2017. IDC forecasts that this growth will continue in future years with a Compound Annual Growth Rate (CAGR) of 1.4% to 2021. However, this growth disguises the true story of a market that is displaying extreme price pressure and competition in both fixed and mobile. Overall, ARPUs are either flat or declining in both broadband and mobile and in the broadband space Retail Service Providers (RSPs) continue to compete away any chance of strong, sustainable ARPU growth. New Zealand telecommunication's structural separation and national broadband plan have created new constructs and market dynamics. The UFB initiative has commoditised fibre in New Zealand. Consumer fibre plan prices have plummeted from averaging over NZ$200 per month in 2013 to around NZ$85 per month as at February 2018. Fibre is available to more than a million homes and premises, and over a third have made the switch. -
We're Making Life Better
Contact Energy Annual Limited Report 2019 WE’RE MAKING LIFE BETTER ANNUAL REPORT 2019 Contact is the human energy company with great ideas and smart solutions that make living easier for customers, now and in the future. This Annual Report is dated 12 August 2019 and is signed on behalf of the Board by: Robert McDonald Dame Therese Walsh Chair Chair, Audit Committee This report is printed on an environmentally responsible paper produced using Elemental Chlorine Free (ECF) FSC Certified pulp sourced from Sustainable & Legally Harvested Farmed Trees, and manufactured under the strict ISO14001 Environmental Management System. The inks used in printing this report have been manufactured from vegetable oils derived from renewable resources, and are biodegradable and mineral oil free. All liquid waste from the printing process has been collected, stored and subsequently disposed of through an accredited recycling company. CONTENTS This Year In Review ............................................................................................................................................................................... 5 Chair’s review .......................................................................................................................................................................................................................................................6 Chief Executive Officer’s review ..............................................................................................................................................................................................................7 -
Pdf Hearing 22
1 Before the Hearing Panel Appointed by Waikato District Council to Hear Submissions on the Proposed Waikato District Plan In the matter of: the Resource Management Act 1991 And: Submissions and Further Submissions Lodged on the Proposed Waikato District Plan by Meridian Energy Limited Statement of Evidence of Christine Anne Foster Called by Meridian Energy Limited HEARING 22 - INFRASTRUCTURE 28 September 2020 PROPOSED WAIKATO DISTRICT PLAN: HEARING 22 – EVIDENCE OF C FOSTER FOR MERIDIAN ENERGY LTD 1 1. Introduction 1.1. My name is Christine Anne Foster. I am a Planning Consultant and sole director of CF Consulting Services Limited, based in Wellington. My qualifications and experience are as set out in my statement of evidence to Hearing Number 3. 1.2. This statement of evidence is within my area of expertise as a resource management planner, except where I state that I rely on the evidence of others. I reaffirm my commitment, stated in my evidence to Hearing Number 3, to abide the Code of Conduct for Expert Witnesses set out in the 2014 Environment Court Practice Note (and, in particular section 7 in relation to an expert’s duty to the Court). I have not omitted to consider material facts known to me that might alter or detract from the opinions that I express. 2. Definition of ‘Infrastructure’ Submission Point: 580.1 Section 42A Report: Report D0, paragraphs 194 and 195 2.1 Meridian’s submission point requested that large-scale wind farms be explicitly listed within the definition of ‘infrastructure’. As an alternative, the submission point requested that the definition explicitly include all of the ancillary activities necessary to support large-scale wind farms. -
The Climate Risk of New Zealand Equities
The Climate Risk of New Zealand Equities Hamish Kennett Ivan Diaz-Rainey Pallab Biswas Introduction/Overview ØExamine the Climate Risk exposure of New Zealand Equities, specifically NZX50 companies ØMeasuring company Transition Risk through collating firm emission data ØCompany Survey and Emission Descriptives ØPredicting Emission Disclosure ØHypothetical Carbon Liabilities 2 Measuring Transition Risk ØTransition Risk through collating firm emissions ØAimed to collate emissions for all the constituents of the NZX50. ØUnique as our dataset consists of Scope 1, Scope 2, and Scope 3 emissions, ESG scores and Emission Intensities for each firm. ØCarbon Disclosure Project (CDP) reports, Thomson Reuters Asset4, Annual reports, Sustainability reports and Certified Emissions Measurement and Reduction Scheme (CEMAR) reports. Ø86% of the market capitilisation of the NZX50. 9 ØScope 1: Classified as direct GHG emissions from sources that are owned or controlled by the company. ØScope 2: Classified as indirect emissions occurring from the generation of purchased electricity. ØScope 3: Classified as other indirect GHG emissions occurring from the activities of the company, but not from sources owned or controlled by the company. (-./01 23-./014) Ø Emission Intensity = 6789 :1;1<=1 4 Company Survey Responses Did not Email No Response to Email Responded to Email Response Company Company Company Air New Zealand Ltd. The a2 Milk Company Ltd. Arvida Group Ltd. Do not report ANZ Group Ltd. EBOS Ltd. Heartland Group Holdings Ltd. Do not report Argosy Property Ltd. Goodman Property Ltd. Metro Performance Glass Ltd. Do not report Chorus Ltd. Infratil Ltd. Pushpay Holdings Ltd. Do not report Contact Energy Ltd. Investore Property Ltd. -
FNZ Basket 14102010
14-Oct-10 smartFONZ Basket Composition Composition of a basket of securities and cash equivalent to 200,000 NZX 50 Portfolio Index Fund units effective from 14 October 2010 The new basket composition applies to applications and withdrawals. Cash Portion: $ 1,902.98 Code Security description Shares ABA Abano Healthcare Group Limited 88 AIA Auckland International Airport Limited Ordinary Shares 6,725 AIR Air New Zealand Limited (NS) Ordinary Shares 2,784 AMP AMP Limited Ordinary Shares 432 ANZ Australia and New Zealand Banking Group Limited Ord Shares 212 APN APN News & Media Limited Ordinary Shares 1,759 APT AMP NZ Office Trust Ordinary Units 8,453 ARG Argosy Property Trust Ordinary Units 4,344 CAV Cavalier Corporation Limited Ordinary Shares 482 CEN Contact Energy Limited Ordinary Shares 1,508 EBO Ebos Group Limited Ordinary Shares 537 FBU Fletcher Building Limited Ordinary Shares 1,671 FPA Fisher & Paykel Appliances Holdings Limited Ordinary Shares 6,128 FPH Fisher & Paykel Healthcare Corporation Limited Ord Shares 3,106 FRE Freightways Limited Ordinary Shares 1,625 GFF Goodman Fielder Limited Ordinary Shares 3,990 GMT Macquarie Goodman Property Trust Ordinary Units 8,004 GPG Guinness Peat Group Plc Ordinary Shares 15,588 HLG Hallenstein Glasson Holdings Limited Ordinary Shares 430 IFT Infratil Limited Ordinary Shares 6,363 KIP Kiwi Income Property Trust Ordinary Units 10,287 KMD Kathmandu Holdings Limited Ordinary Shares 690 MFT Mainfreight Limited Ordinary Shares 853 MHI Michael Hill International Limited Ordinary Shares 1,433 NPX -
Annual Report 2013 ANNUAL REPORT Contact 2013
here Annual Report 2013 ANNUAL REPORT Contact 2013 ...is where we do our best work. CONTENTS Contact 2013 At Contact… We keep the lights burning, We are one of New Zealand’s largest listed companies but we operate with the same genuine concern for our the hot water flowing and the customers and communities as the smallest. We are BBQ fired up for around 566,000 integral to our customers’ lives – and our customers customers across the country. are integral to us. OUR BEST WORK 4 CASE STUDIES 30 CONTACT AT A GLANCE 12 HOW WE OPERATE 40 OUR BUSINESS MODEL 14 GOVERNANCE 56 WHERE WE OPERATE 16 REMUNERATION REPORT 62 KEY PERFORMANCE INDICATORS 18 STATUTORY DISCLOSURES 65 CHAIRMAN & CEO’S REVIEW 20 FINANCIAL STATEMENTS 69 OUR BOARD 26 INDEPENDENT AUDITOR’S REPORT 99 OUR LEADERSHIP TEAM 28 CORPORATE DIRECTORY 100 This Annual Report is dated 5 September 2013 and is signed on behalf of the Board by: Grant King Sue Sheldon Follow us at facebook.com/contactenergy Chairman Director OUR BEST WORK Contact 2013 “The kids think there’s always money on the card – they think nothing of a 30 minute shower.” Contact customer research Everyone in the family has unique habits when it comes to energy use. That can make it tough for households to manage their energy costs. We’ve created an easy-to-use online tool, called HEAT, to help our customers manage their energy and identify practical ways to save money on their energy bills. 4 Contact Energy LIMITED Annual Report 2013 Contact Energy LIMITED Annual Report 2013 5 OUR BEST WORK Contact 2013 “I’ll come home on a sunny day and she’ll have the dryer on for half an hour to do her bra and knickers.” Contact customer research Household energy costs vary from month to month as energy use fluctuates. -
ENA's Response to Climate Change Commission's Draft Advice
Date: 28 March 2021 Name of submitter: Electricity Networks Association Industry/area of interest: Utilities/infrastructure Contact details Richard Le Gros, Manager, Policy and Innovation Address: Level 5, Legal House 101 Lambton Quay WELLINGTON 6011 Telephone: 64 4 471 1335 Email: [email protected] 2021 Draft Advice for Consultation Submission to the Climate Change Commission From the Electricity Networks Association ELECTRICITY NETWORKS ASSOCIATION Draft Advice submission to Climate Change Commission Contents 1. Introduction ................................................................................................................ 3 2. Overview ..................................................................................................................... 3 3. Question 1 - Principles to guide our advice ................................................................... 3 4. Question 15 - Do you support the package of recommendations and actions for the heat, industry and power sectors? ................................................................................ 5 5. Question 19 - Multisector strategy - Do you support the package of recommendations and actions to create a multisector strategy? ................................................................ 9 6. Conclusion .................................................................................................................. 10 7. Appendix ................................................................................................................... -
Electricity Distributors' Performance from 2008 to 2011
ISBN no. 978-1-869453-02-2 Project no. 14.20/13107 Public version Electricity distributors’ performance from 2008 to 2011 Date: 29 January 2013 2 Chapter 1 Introduction 4 Helping customers understand how their electricity distributor is performing 4 We have focused on some key areas of performance 4 We use public information to give an overview of distributors’ performance 5 Structure of this report 5 We would like to hear how useful you found this report 5 Chapter 2 Overview of New Zealand’s electricity industry 6 The main parts of the electricity industry supply chain 6 Key features of the New Zealand electricity distribution sector 7 Chapter 3 Our role in the electricity industry 11 How we regulate electricity distributors in New Zealand 11 Chapter 4 Overview of industry performance 14 Prices, revenue and demand 16 How reliable is electricity distribution in New Zealand? 25 Expenditure 28 3 On 5 February 2013 we made some corrections to the paper. The table below summarises the changes. Distributor Change Buller corrected information in Table 7.1 Electricity Invercargill corrected information in Table 13.1; replaced $7.5m with $1m in commentary under Figure 13.3 MainPower corrected information in Table 16.1 Orion corrected information in Table 22.1; replaced ‘Electra’ with ‘Orion’ in notes to Figures 22.13 and 22.14 OtagoNet corrected information in Table 23.1 Powerco corrected information in Table 24.1 The Power Company corrected information in Table 25.1 Vector corrected information in Table 29.1; added note under Figure 29.1; corrected Figure 29.17 WEL Networks corrected information in Table 31.1 Wellington corrected wording above Figure 32.17 Westpower corrected information in Table 33.1 Introduction 4 Chapter 1 Introduction Helping customers understand how their electricity distributor is performing We have written this report primarily for customers of electricity distribution services, by which we mean people who have, and pay for, a connection to an electricity distribution network.1 This includes both households and businesses. -
WEL Networks Annual Report 2018
2018 WEL Networks and subsidiaries Annual Report 0800 800 935 | wel.co.nz ISSN 2463-4646 (print) ISSN 2463-4646 (print) 02 2018 WEL Networks | Annual Report THIS IS THE ANNUAL REPORT OF WEL NETWORKS LIMITED Dated this 6th day of June 2018 Signed for and on behalf of the Board of Directors ROB CAMPBELL Chairman TONY STEELE Director wel.co.nz CONTENTS PROFILE 03 CHAIRMAN’S REPORT 05 WEL NETWORKS CHIEF EXECUTIVE REPORT 07 ULTRAFAST FIBRE CHIEF EXECUTIVE REPORT 09 QUICK FACTS AND KEY PERFORMANCE INDICATORS 11 DIRECTOR PROFILES AS AT 31 MARCH 2018 21 CORPORATE GOVERNANCE 25 SUSTAINABILITY 26 DIRECTOR DISCLOSURES OF INTEREST 27 WEL ENERGY TRUST 29 THE HEADLINES 31 FINANCIAL STATEMENTS 35 AUDITORS’ REPORT 87 DIRECTORS’ REPORT AND STATUTORY INFORMATION 90 DIRECTORY 95 02 2018 WEL Networks | Annual Report 2018 WEL Networks | Annual Report 03 PROFILE The WEL Group is focused on delivering innovative utility services to enable our communities to thrive. Our electricity network has been serving the Waikato for 100 years distributing power from the national grid, supplying over 160,000 people with electricity services through 90,000 connections. We play a vital part in the economic and social development of the region by recognising and investing in new technologies that will revolutionise our network and future proof our region. The safety of our staff and communities is our highest network that is available to deliver ultra-fast broadband priority and we are committed to ensuring everyone services to more than 200,000 households, schools, makes it home safely every day. businesses and healthcare facilities within the Waikato, Taranaki and Bay of Plenty regions. -
Energy Complaints Scheme – Accepted Deadlocked Complaints Report for the Period 1 April 2020 - 31 March 2021
Energy Complaints Scheme – accepted deadlocked complaints report for the period 1 April 2020 - 31 March 2021 Accepted deadlocked complaints The tables below show the number of deadlocked complaints that were accepted for consideration, and the relevant provider. Not all providers in the Energy Complaints Scheme had an accepted deadlocked complaint in this period. A full provider list is available on our website: www.utilitiesdisputes.co.nz The tables also show each providers’ market share, which is calculated by the number of installation control points (ICPs) or equivalent. Total ICPs (or equivalent) were calculated on 28 February 2021 from ICPs on the electricity and gas registries, and customer numbers obtained from providers. Distributors Distributor Accepted Share of Total ICPs Market share deadlocked accepted (or of ICPs (or complaints deadlocked equivalent) equivalent) complaints Alpine Energy 1 1.8% 33,113 1.3% Aurora Energy 7 12.7% 92,584 3.7% Counties Power 2 3.6% 44,978 1.8% Electra 1 1.8% 45,697 1.8% ElectroNet Services * 1 1.8% 0 0.0% Horizon Networks 1 1.8% 24,940 1.0% MainPower 1 1.8% 41,494 1.6% Northpower 3 5.5% 60,326 2.4% Orion 1 1.8% 208,259 8.2% Powerco 6 10.9% 447,295 17.7% The Lines Company (TLC) 3 5.5% 23,716 0.9% Top Energy 4 7.3% 33,049 1.3% Unison 4 7.3% 113,586 4.5% Vector 17 30.9% 699,786 27.7% WEL Networks 3 5.5% 95,851 3.8% Total 55 100% 1,964,674 77.8% Total ICPs (or equivalent) for all electricity and gas distributors: 2,524,362 Key: *Subsidiary of Westpower. -
Annual Report 2019/20 Alpine Energy Annual Report 2019/20 Alpine Energy Annual Report 2019/20
ANNUAL REPORT 2019/20 ALPINE ENERGY ANNUAL REPORT 2019/20 ALPINE ENERGY ANNUAL REPORT 2019/20 CONTENTS Highlights ................................................................................................. 2 Chairman and Chief Executive’s report ....................................4 Our vision, purpose and values .................................................... 6 Financial summary ............................................................................... 8 Empowering our people ................................................................. 10 Empowering our network ...............................................................12 Empowering our community ...................................................... 20 Empowering our future .................................................................. 24 Financial statements ........................................................................29 Harsh, unabating, persistent, uncompromising. Beautiful, inspiring, empowering, calming. The power of nature as she empowers our community. 100% of the power we distribute starts its journey in the Southern Alps of our beautiful country. > PAGE 1 > PAGE 2 ALPINE ENERGY ANNUAL REPORT 2019/20 ALPINE ENERGY ANNUAL REPORT 2019/20 FINANCIAL NETWORK $91.31m $11.66m $33.7m $8.16m 33,446 841 140MW Revenue Earnings before interest and tax Customer connections Gigawatt hours Network maximum of electricity demand delivered $21.63m $7.89m $9.92m same as 2019 594km 3,294km 46,000 of distribution & of distribution & LV wood & concrete poles,