22 Mar 2023

Lines companies want to spend more on upgrades

From Morning Report, 8:28 am on 22 March 2023

Lines companies are having to spend less money than they'd like upgrading, fortifying, and adding capacity to their networks over the next decade. 

A majority of New Zealanders are worried the network won't hold up in extreme weather events over the coming decade, and they're also concerned it will become unaffordable. 

That's according to a survey taken late last year, on behalf of the Consumer Advocacy Council which represents small electricity consumers.

The Electricity Networks Association says the sector has already budgeted billions in spending - but because they are monopolies their spending is capped at 4.5 percent of their asset base. 

The association's chief executive Graeme Peters spoke to Kim Hill.