In the 2009 disclosure year Vector Limited sold its Wellington Network, which became a separate business. Most of the information for Wellington Electricity is only consistent from 2010 onwards.
Recent trends in revenue and demand
Wellington Electricity’s revenue from distribution line charges decreased in 2011. Revenue from line charges, which made up most of Wellington Electricity’s revenue, decreased by around 1% from 2010 to 2011, after controlling for inflation. Distribution line charge revenue from residential and smaller commercial customers decreased by 2%. Most of Wellington Electricity’s revenue is from residential and smaller commercial customers.
Demand on Wellington Electricity’s network from residential and smaller commercial customers decreased from 2010 to 2011. The number of small customer connections was flat and the amount of electricity delivered to them decreased by 5%.
Recent trends in expenditure
Wellington Electricity’s total operating expenditure decreased by 1% from 2010 to 2011, after controlling for inflation.
Wellington Electricity forecasts capital expenditure to increase significantly.
Recent trends in service reliability
The average duration and frequency of interruptions in Wellington Electricity’s network were below the industry average from 2009 to 2011. However, Wellington Electricity’s average duration and frequency of interruptions were both greater than the regulatory limits in 2010.
Full analysis
The full analysis of Wellington Electricity's performance from 2008 to 2011 can be downloaded below.
All dollar figures in our analysis are adjusted for inflation and expressed in 2011 dollars.
