Vector gets more customers

Vector’s Auckland electricity and gas networks had network connection numbers continue to rise in the nine months to March 31, 2025.

So says the company, adding total electricity connection numbers grew by 1.3% (630,004 from 621,983), although new connections in the nine months ended March 31, 2025, have been 23% lower (9480 compared with 12,308) than in the comparative nine months to March 31,2024, “reflective of the broader economic slowdown”.

Electricity distributed volume for the period was down 1.5% (6446GWh from 6547GWh) compared with the nine months ended March 31,2024, residential volumes were down 2.5% while business volumes were down 0.8%, says Vector, adding there has been a 0.3% increase in total connections on Auckland’s gas distribution network during the year to March 31, 2025, although new gas connections in the nine months to March 31,2025, were down 30% on the comparative nine months to March 31, 2024, while gas distribution volume for the nine months to March 31, 2025, was down 9.3% compared with the nine months to March 31, 2024, due to lower demand from the residential, industrial and commercial sectors.

Vector completed the sale of its LPG business Vector Ongas, and the group’s 60.25% shareholding in Liquigas Limited on January 31 this year.

 “This followed the sale of the group’s natural gas trading business on July 1, 2024. “Accordingly, we are no longer reporting performance of the gas trading businesses.”

Vector puts net movement in customers during the reporting period at 5674 compared with 9074 (37.5%).

Click here for more information.