Electricity line charges to rise slightly from 1 April 2016

Electricity line charges to rise slightly from 1 April 2016

Gisborne, East Coast and Wairoa households will pay slightly more for their electricity from 1 April, due to an increase in line charges from Eastland Network.

The company, which is part of the ECT-owned Eastland Group of companies, today announced its pricing schedule for the period 1 April 2016 to 31 March 2017.

Eastland Network general manager, Brent Stewart, says for an average household the changes amount to an increase of around $6 a month including GST.

Mr Stewart says line charges include both distribution and transmission costs.

“For the past two years, there has been no increase in Eastland Network’s domestic distribution line charges however the network can no longer absorb the increased costs it has faced each year.”

He says the network’s tariff structure has not been altered this year.

“As part of New Zealand’s heavily regulated electricity sector, any change in Eastland Network’s revenue must comply with the Commerce Commission’s Default Price-Quality Path Determination requirements.”

Mr Stewart says Eastland Network’s line charge revenue for the 2016-2017 financial year has been forecast at $35.49 million.

More information is available on the company’s website www.eastland.nz

ENDS

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