Powerco customised price-quality path proposal

On 12 June 2017 we received Powerco’s application seeking a customised price-quality path (CPP) that would allow it to invest $1.32 billion in upgrading its electricity lines network over five years, starting in 2018.

Powerco is proposing to expand its North Island network to account for population growth as well as replace or upgrade ageing assets including lines, poles and substations. Its planned investment represents an increase of about 55% compared to what it invested in its network over the past five years.

This investment would be recovered through price increases impacting 320,000 homes and businesses in Manawatu, Whanganui, Taranaki, Tararua, Wairarapa, Coromandel, Eastern and Southern Waikato and Western Bay of Plenty.

Powerco estimates its current plan would increase lines charges by .79c a week or $41 annually for the average household. Price increases would vary across regions dependent on the level of investment Powerco makes in each area.

Powerco's electricity networks are in the Taranaki, Wanganui, Rangitikei, Manawatu and Wairarapa regions, including the urban centres of New Plymouth, Wanganui, Palmerston North and Masterton, as well as Tauranga and the surrounding rural areas and the eastern and southern Waikato, Thames and Coromandel regions.

Powerco's network area

 

Powerco CPP map

   

Click on the map to see more on Powerco's CPP.

Project timeline

Type Description Indicative date/s
Completed Process paper 22/06/2017
Completed Issues paper published 18/08/2017
Consultation Submissions due on Powerco's proposal 22/09/2017
Draft Draft decision on Powerco's maximum average prices and required quality standards 17/11/2017
Consultation Submissions due on draft decision 01/12/2017 - 22/12/2017
Consultation Cross-submissions due on matters raised in submission on draft decision 03/01/2018 - 31/01/2018
Final Final decision on Powerco's maximum average prices and required quality standards 29/03/2018

Disclaimer

These dates are not official and may change. Please see the Terms and Conditions for further limitations.