Vector Interim Report 2019

VECTOR

IS TAKING

THE LEAD

Disruption doesn’t wait. It starts gradually then arrives suddenly. An energy revolution is fast growing, and is being driven by what consumers want and what technology can deliver, not by what the industry or regulation is willing to allow. While the collective sector must work harder to provide less carbon intensive supply, we know that changing consumer preferences and the ongoing growth of Auckland will also continue to drive demand. Vector must be in a position to handle this disruption, so for some time we have been forming global relationships with leading companies, and taking a leadership position on new technologies, new customer solutions and new ways of thinking about delivering an intelligent, resilient network. Change has consequences. Whenever there is major disruption, there are some who may be more impacted than others. So, we have also been working with consumers to understand how these new energy technologies will evolve and be used. We must strive to help share the load. Failing to do so would leave some people behind, and would hold Auckland back. The future of energy is here, let’s make it work for all New Zealanders.

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