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:

VCT - Full year results date & investor webcast details
ANZ - Air New Zealand 2026 Annual Results Webcast Details
SKC - Asset Monetisation Programme Update
July 17th Morning Report
MEL - Meridian Energy monthly operating report for June 2026
Devon Funds Morning Note - 15 July 2026
BIT - Transaction in Own Shares
Summerset Welcomes Alison Barrass to Board
LIC - Full Year Results 2025-26
VHP - Full Year Results Announcement Date and Webcast Details