$36 million spend announced for electricity upgrades in South Auckland. What does it mean for your bill?
The Commerce Commission has approved a decision to allow Transpower to invest $36 million to replace ageing infrastructure and cater for increasing electricity demand in South Auckland.
Transpower, which owns and operates the national electricity grid, applied to the commission last year to spend $36 million to invest in its Bombay-Otahuhu regional network by June 2023.
The investment will increase capacity and improve the reliability of the electricity supply in the area, says Commission Deputy Chair Sue Begg.
“Consistent with our draft decision, we remain of the view that this investment is needed to increase the capacity of the network and improve the reliability of electricity supply to the Bombay–Otahuhu region.”
Will electricity consumers have to pay for the upgrade?
The decision allows Transpower to recover the cost from consumers of purchasing and commissioning two new transformers at the Bombay grid exit point, as well as undertaking preparatory work to replace conductors on the Otahuhu to Wiri line.
The project’s goals to provide a more reliable service and meet increasing demand are good news for South Auckland residents. However, it does mean that consumers could see their power bills increase in the future to cover the cost of the upgrade.
Will your power bill increase?
This is a great reminder to keep on top of your bills to make sure you’re not paying more than you should for power. We are coming up to a time of year when a lot of power providers will announce price changes and that could mean a price increase for your household. Plus, power bills tend to increase during the winter months when we flick the heating on and more of us stay home to keep cosy.
Take a moment to compare power plans for your address on Power Compare, we include handy estimates for your power bill to see whether your bill is likely to decrease if you switch.
If you’d prefer to chat with someone, give our friendly Kiwi-based team a call on 0508 226 672. It’s FREE, simple and could result in some great savings. Our consultants will get to know what you need for your home to help you choose the best plan, give them a call today!