Network Tasman announces $8.3 million in line charge discounts

Consumer-owned local electricity distributor Network Tasman has announced $8.3 million of sales discounts are about to be credited against its consumers’ winter power bills; up from the $8.1 million provided in winter 2014. The company also expects to provide a further discount in December 2015.

“Network Tasman is pleased to provide another winter discount this year,” said Network Tasman CEO Wayne Mackey. “The total discount is slightly higher than in 2014 and has been achieved against a backdrop of the company delivering good reliability of supply, continued network investment and a 2.6% reduction in its line charges in April. Ministry of Business Innovation and Employment surveys show that even before discount Network Tasman’s residential line charges remain among the lowest in the country. 

“Virtually all of the company’s 38,500 consumers will receive a discount at a rate of 2.2 cents on each unit of electricity consumed during the last year, so discount amounts will vary with the amount of power used. An average residential consumer using 6,900kWh per annum can expect a discount against their August power bill of around $150.”

To be eligible a consumer must have had an active, metered connection to Network Tasman’s electricity distribution system as at midnight 17 July 2015. The network covers the Nelson-Tasman region, excluding the central Nelson area.

The company is currently arranging for electricity retailers to credit the discounts onto consumers’ power bills from late July through to the end of August.  The discount will be clearly identified as a separate item on consumers’ power accounts.  

“Eligible consumers will receive a discount irrespective of which electricity retailer they choose,” said Mr Mackey. ”Switching retailers does not alter this entitlement because the discount comes from Network Tasman and not the retailer.”  

Network Tasman is 100% consumer-owned. Consumer ownership and a focus on cost efficiency has enabled Network Tasman to credit more than $130 million of discounts back into the region since the scheme’s inception in 1994.