The Lines Com­pany new pric­ing given green light

Taupo Times - - YOUR LOCAL NEWS - FRANCES FER­GU­SON

‘‘Charges are based on the amount of en­ergy used and time of day.’’

A change to time-of-use pric­ing for cus­tomers of The Lines Com­pany has been given the green light by the TLC Board at its Oc­to­ber meet­ing.

The de­ci­sion fol­lows a com­pre­hen­sive re­view of TLC’s cur­rent ser­vice-based pric­ing.

Chief ex­ec­u­tive, Sean Hor­gan said the board’s goal has been to give cus­tomers a sim­ple, fair and trans­par­ent pric­ing sys­tem that met the pub­lished Terms of Ref­er­ence.

‘‘We’re com­mit­ted to pro­vid­ing that through time-of-use as the ap­proach that meets those ob­jec­tives.’’

Un­der a TOU pric­ing sys­tem charges are based on the amount of en­ergy used and time of day and it is used by other net­works in New Zealand with prices fall­ing into three cus­tom­ary pe­ri­ods - peak, shoul­der and off-peak.

The dif­fer­ent prices for the three pe­ri­ods pro­vides cus­tomers with the op­por­tu­nity to man­age their costs while sup­port­ing the ef­fi­cient use of net­work as­sets.

Hor­gan said the de­ci­sion al­lows TLC to move for­ward with the next stage of the pric­ing project.

This in­cludes pre­par­ing cus­tomer in­for­ma­tion, ed­u­ca­tional ma­te­rial, staff train­ing and con­tin­u­ing to test in­ter­nal sys­tems to sup­port the change to en­sure a suc­cess­ful out­come.

The TLC Board will make a fi­nal de­ci­sion about when the TOU will be im­ple­mented next year at a board meet­ing in De­cem­ber.

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