Vector customer numbers increase

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Last updated 12:23 24/01/2014

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NZX-listed Vector Energy has recorded a 36.3 per cent increase in the number of electricity smart meters installed.

As at the end of last year energy infrastructure company Vector had 597,596 smart meters. That represents an increase of just under 160,000 compared to the six months ending December 2012.

A Vector spokeswoman said the "multi-year" smart meter rollout programme "is one of New Zealand's largest door-to-door infrastructure projects and it represents one of the most ambitious investment programmes the company has undertaken".

The Electricity Authority estimates that by April 2015 there will be more than 1.2 million smart meters in New Zealand, with just over 800,000 of the traditional meters remaining.

Vector's six-month operational performance report to the end of last year showed it had 541,444 electricity customers, a 0.8 per cent increase from the same time in 2012.

However, the total volume of electricity distributed by Vector dropped by 1.2 per cent to 4271 gigawatt hours over the equivalent 2012 period.

It was a similar story with Vector's gas transportation operation. Total distribution customers were up 1.6 per cent to 158,315 over 2012, but distribution volume fell 0.9 per cent.

Vector's six-month financial results to December 2013 are due to be announced on February 21.

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- Fairfax Media

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