The mPrest software will also enable Vector to bring together the acquisitions and developments we are making. Instead of adding more systems to achieve a more diversified energy network, the mPrest software allows us to bring all the moving parts together in ways that we can control and coordinate. That in turn will enable Vector to play a strong and proactive role in developing the networks best suited to the changing needs of customers. We expect the system to be fully operational by the end of FY18. As a partner in the project, having acquired the Australasian and Pacific Island rights for utility-related mPrest applications, we look forward to making
COMMERCIAL IMPERATIVES:// mPrest enables unprecedented options to integrate and develop new energy solutions for customers and the management of multiple technologies on Vector’s networks. So it will enable us to fully utilise existing load management systems as well as battery solutions and other emerging technologies. It will enable us to streamline capital investment through higher equipment utilisation and non-traditional solutions, and, combined with market incentives, could lead to consumers modifying behaviour patterns. It will help us meet the expectations of our regulator, the Commerce Commission, which incentivises us to innovate with the objective of benefitting customers.
numerous objectives. Our goal is for the mPrest system to assess and predict multiple factors including loads in different parts of the network, market dynamics, storage, customer demand and capacity. Offering enhanced resilience, security and efficiency The mPrest system will allow us to control not just how energy is used but also the assets required to connect energy with people in ways that we forecast will save Auckland many millions of dollars. It challenges the traditional mindset that has seen energy companies growing their networks to accommodate
CUSTOMER IMPERATIVES:// mPrest will enable us to better service customers through faster location of network issues at fault locations and improved deployment of field crews. Our customers will feel better informed because we will be able to provide them with more detailed information, faster.
greater peaks. It also helps us defer network reinforcement costs,
the solution available to other companies in the region so that
reduce the risk of stranded assets at the very time we’re
they too can gain greater synergies
from their assets and deliver new solutions to their customers.
seeing a slow-down in electricity consumption, and promote a rapid increase in new solutions
to generate and manage energy.
SOCIAL IMPERATIVES:// This initiative aligns with our commitments to three United Nations Sustainable Development Goals: Industry Innovation and Infrastructure; Sustainable Cities and Communities; and Partnerships for the Goals.
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