Sharechat Logo

Orion slices line charges by 8%

By Chris Hutching

Friday 26th May 2000

Text too small?
Electricity lines company Orion has thrown down the gauntlet to power retailers to cut prices with its announcement its wholesale rates will be reduced 3.5%, equating to a reduction in charges of $5 million.

Managing director Chris Laurie said Orion had achieved efficiencies but they did not involve cutting work on maintenance.

Orion's charges make up about half the retail electricity price for households.

They include the cost of running the local network and Transpower charges.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

GNE - Strategy execution gaining momentum in challenging period
Spark New Zealand Limited H1 FY25 Results
Fonterra provides FY25 earnings and milk collections update
BLS - Revenue Growth and Profitable Third Quarter
Stride Property Group - FY25 Third Quarter Dividends
Precinct FY25 first half result
Air New Zealand reports 2025 Interim Result
AIA - FY25 Interim Results
EBOS Leadership Transition
Fonterra provides update on Consumer divestment process