Creating a new energy future – a bold vision
Climate Change Commission report We await with interest to see the
Government’s response to the Climate Change Commission’s report and how the Commerce Commission incorporates any policy changes into the regulatory frameworks for the gas and electricity industries, and any impacts on our gas trading businesses. There is also the DPP3 reset of gas distribution prices due to come into force from 1 October 2022. Vector is working closely with other industry players, regulators and government officials in ensuring there is a smooth transition to a new decarbonised energy system. Vector will re-test the carrying value of its electricity and gas assets at 31 December 2021 as part of its interim reporting obligations, by which time we hope to have more clarity on the outlook for these businesses.
JASON HOLLINGWORTH CHIEF FINANCIAL OFFICER
GROUP CAPITAL EXPENDITURE $ MILLION
DIVIDEND DECLARED CENTS PER SHARE
529.5
100 150 200 250 300 350 400 450 500 550
488.7
425.1
381.2
367.4
0 50
FY17
FY18
FY19
FY20
FY21
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