Environment, social and governance highlights
Energy affordability
351,000 Number of residents, in 2022, in the Entrust district benefitting by more than $96m in dividend payments, thanks to Entrust’s shareholding in Vector $0.00 The price we charge for electricity used during off-peak periods when there is ample capacity on our network 2
2. Our residential Time of Use standard user price categories have a zero price on volume charges at all times of the day through summer, and during off-peak periods over winter. Distribution charges are only one portion of a consumer’s electricity bill, so consumers will not see this zero volume charge unless retailers pass this on to them.
Climate change 5
$ 270 M Approximate forecast over the next five years for reliability and climate change investment in our latest Asset Management Plan, with work ongoing to refine the investment needed
First smart electric bus depot established to facilitate the electrification of Auckland’s bus fleet
Continuous days during Cyclone Gabrielle where weather conditions exceeded regulated Major Event criteria
115 Number of people leaders participating in leadership development courses People and communities
1,000 + People working on electricity network recovery from Cyclone Gabrielle, across Vector, Omexom, Northpower, and other organisations
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