Electricity Asset Management Plan 2019-2029
176
Vector Limited://
PROPOSED INVESTMENT SUMMARY ($MILLION NOMINAL)
DESCRIPTION
FY20
FY21
FY22
FY23
FY24
FY25
FY26
FY27
FY28
FY29 TOTAL
Vegetation management (OPEX)
7.57
8.16
8.25
8.36
8.46
8.57
7.10
7.19
7.28
7.37
78.31
Vegetation prediction model (CAPEX)
0.50
0.50
Total
7.57
8.66
8.25
8.36
8.46
8.57
7.10
7.19
7.28
7.37
78.81
CONSOLIDATED AREA FAULT REDUCTION PROGRAMME
NEEDS STATEMENT In addition to planned, corrective and reactive maintenance we will embark on a programme that we titled ‘consolidated area fault reduction programme’. The intention with this programme of works is to focus on areas with poor service levels and a poor experience of Vector’s electricity network and to address issues in a consolidated manner - in other words rather than undertaking reactive repair and reactive maintenance in such areas, a consolidated effort will be undertaken in predetermined areas to have a large shutdown and then undertake the reactive repairs that are required but also repair all other outstanding defects in the specific area in on go, to reduce the number of outages and, to improve service levels in a consolidated and coordinated effort repair effort. Areas with poor service levels will form the target of this programme of works.
TARGETED OUTCOMES
CUSTOMER EXPERIENCE
SAFETY
RELIABILITY
RESILIENCE
OPERATIONAL EFFICIENCY
CYBER SECURITY AND PRIVACY
OPTIONS CONSIDERED Options to address the need identified above have been assessed and are summarised in the following table.
DESCRIPTION
DISCUSSION OF OPTION
ESTIMATED COST (NPV IF APPLICABLE)
STATUS
Option 1: Business as usual – no additional investment
Continue with current level of investment to control vegetation. This option will not address the existing service level performance gaps and the network will continue to be impacted by vegetation and in light of the prediction that storms and high winds will increase such gaps in the service level will increase As society becomes more dependent on technology the expectation is that the tolerance for loss of power and poor service levels will reduce
Rejected
Option 2: Proactively identify areas which has poor service levels and undertake a consolidated effort to repair all faults in the targeted area
$48.0M Selected
PROPOSED INVESTMENT SUMMARY ($MILLION NOMINAL)
DESCRIPTION
FY20
FY21
FY22
FY23
FY24
FY25
FY26
FY27
FY28
FY29 TOTAL
Auckland consolidated area fault reduction Northern consolidated area fault reduction
2.40
2.40
2.40
2.40
2.40
2.40
2.40
2.40
2.40
2.40
24.00
2.40
2.40
2.40
2.40
2.40
2.40
2.40
2.40
2.40
2.40
24.00
Total CAPEX
4.80
4.80
4.80
4.80
4.80
4.80
4.80
4.80
4.80
4.80
48.00
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