Vector Annual Report 2019

MORE THAN 40% OF EVs are on Auckland roads

Vector’s ambition is to create a new energy future by:

The approach favoured by the ICCC* to reduce emissions from the energy sector includes REPLACING ~2 MILLION VEHICLES with EVs by 2035 A FAST 1 EV CHARGER can add the equivalent demand of 8.8 houses to the grid

Making data-driven decisions to invest more cost-effectively

Empowering customers with choice to better manage their energy needs

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Enabling Auckland growth through asset relocations and new connections

Deepening our understanding of customer needs

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Making our network more intelligent to improve management of peak loads

Integrate digital assets and new energy solutions to benefit consumers

Growth and EV uptake puts pressure on infrastructure.

It’s a sector-wide challenge to transition New Zealand to the future of energy. We have a shared responsibility to:

New technology can shift our network peaks and keep energy affordable.

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DELIVER ENERGY through safe, resilient and secure networks PROVIDE AFFORDABLE ENERGY IMPLEMENT NEW TECHNOLOGY to the benefit of all customers

ENABLE ACCELERATING EV UPTAKE and the electrification of public transport ENERGISE A NET ZERO CARBONWORLD EMPOWER CUSTOMERS with choice around their energy needs

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Already we are:

We are trialing new things.

POWER DOWN TRIAL to see if customer incentives can reduce peak loads

MANAGING MULTI- DIRECTIONAL POWER flows with network connected energy resources and digital platforms FLATTENING PEAK DEMAND with network batteries TARGETING ASSET MANAGEMENT through better data PUTTING MORE EV CHARGERS ACROSS AUCKLAND to fuel EVs and track usage trends

VEHICLE TO HOME (V2H) TRIAL to see if V2H can control loads and boost customer independence DISTRIBUTED ENERGY RESOURCE MANAGEMENT (DERMS) ongoing platform development

NEW CUSTOMER CHANNELS (BOTS)

* Independent Climate Change Committee.

1. Vector estimates adding a 22kW ‘fast’ charger to a home equates to adding approximately 8.8 homes to the grid.

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