The Commission adds the increases to household electricity bills will differ depending on location. “Some companies have forecast that they require an increase in investment that is as much as three times higher than their historical spend. Transpower and local lines companies face higher costs and more expensive borrowing and materials, as well as inflationary pressures since the last revenue review that took place in 2019. That’s why we’re proposing to increase the amount of revenue Transpower and local lines companies can earn," McWha says. The Commission's draft decisions for Transpower and the local lines companies will now go into consultation over June and July, before a final decision is made in November.

Source: Stuff May 29, 2024 10:08 UTC