Loss rental rebates (LRRs) are the difference between the price and quantity of electricity generated and the price and quantity of electricity received, creating a difference in cost, which is only known later on. LRRs are allocated to electricity distributors around the country including Vector in Auckland. This is complicated so stick with us as we try to explain it.

Strategic alliance to develop New Energy Platform aims to change how energy is managed, delivered, and consumed

Firstgas, Powerco and Vector provide the gas distribution networks that connect 96% of New Zealand’s natural gas customers.

The group has worked together to provide network payment deferral programmes to business customers on their networks.

To minimise disruption to people and preserve resources and equipment, Vector is temporarily halting all planned works across its electricity and gas networks to ensure these can be appropriately prioritised during the lockdown period.