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:

EBOS announces appointment of new Chief Financial Officer
AM Best affirms Tower Limited's A- (Excellent) FSR
MCK enters into conditional agreement for Whangarei land
April 26th Morning Report
SPG - Change to Executive Team
BGI - Forgiveness of $200,000 of secured indebtedness
General Capital Subsidiary General Finance Market Update
AFT,Massey Ventures,Gilles McIndoe to develop scar treatmen
April 24th Morning Report
Cheers to many fewer grape harvest spills