$6 MIL­LION PAY­OUT FOR POWER USERS

The Northern Advocate - - Front Page -

Top En­ergy’s 31,000 cus­tomers will get a nice sur­prise when they re­ceive this month’s power bill, which will in­clude a lines charge dis­count cred­ited to their ac­count.

Top En­ergy chief ex­ec­u­tive Rus­sell Shaw said the credit — worth around $6 mil­lion — would be wel­come in the lead-up to Christ­mas.

“All el­i­gi­ble elec­tric­ity ac­count hold­ers, re­gard­less of how they pay, will see the credit on their Novem­ber power bill is­sued by their elec­tric­ity re­tailer,” Shaw said.

The credit would be based on the level of en­ergy used, with 90 per cent of cus­tomers re­ceiv­ing a $200 re­bate. Com­mer­cial clients would re­ceive more, and low-us­age cus­tomers less, he said.

Shaw said the credit, which would re­turn $6m to the lines com­pany’s 31,000 cus­tomers, was a sign of con­tin­ued in­vest­ment in the Far North.

“In the next 10 years we will in­vest $170m in our net­work and $165m in new gen­er­a­tion, to en­sure a high­qual­ity and se­cure sup­ply of power for the peo­ple of the Far North,” he said.

Over the past decade its $260m in­vest­ment pro­gramme has in­volved sub­stan­tial im­prove­ments to the net­work which now has an as­set value of $250m — up from $128m when the pro­gramme started in 2009.

Owned by Far North folk via the Top En­ergy Con­sumer Trust, Top En­ergy was com­mit­ted to pro­vid­ing a re­li­able and re­silient elec­tric­ity net­work that re­mained up to date with evolv­ing tech­nolo­gies, such as lo­calised gen­er­a­tion and mi­cro­grids, he said.

Far North elec­tric­ity com­pany Top En­ergy, which last year in­stalled two 110kV cir­cuit break­ers at its Kaikohe trans­mis­sion sub­sta­tion, above, is giv­ing its cus­tomers $6 mil­lion through a lines charge dis­count.

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