Orion slices line charges by 8%

By Chris Hutching

Friday 26th May 2000

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.

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:

RUA - Commencement of direct distribution from Tairawhiti
BRW - Floorscape offer not progressed
September 7th Morning Report
CVT - Comvita Limited director nominations
September 4th Morning Report
BRW - Revised offer from Floorscape Limited for 100% of Bremworth
WIN - Winton Appoints Michael Stiassny as Independent Chair
WCO - Offer of new shares to selected investors
GNE - Genesis secures additional gas to strengthen fuel portfolio
FSF - Fonterra provides update on forecast FY26 earnings