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Orion Annual Result Spurred On By Record Growth

Thursday, 1 July 2021, 11:23 am
Central Canterbury electricity distribution company,
Orion, announced a record number of new customers were
connected to its network in the 12 months to 31 March in its
annual results released today.
More than 4,100 new
residences and businesses were connected to the local power
supply, reflecting strong growth in central
Canterbury.
On the back of the resulting increase in
total power consumption, the company announced it had made a
$33m profit after tax for the year to 31 March
2021.
Interim Orion Group Chief Executive, Jono Brent,
said customer number growth had exceeded
expectations.
“We have been connecting around 3,000
new customers per year for the past 20 years and had ....

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Orion Prices Drop Third Year In A Row

Wednesday, 17 February 2021, 1:29 pm
Local electricity lines company, Orion, will be reducing
its prices by an average of 1.1 per cent, effective from 1
April 2021.
This year’s reduction marks the third
year in a row Orion has reduced its prices, bringing the
price for delivering electricity locally down by more than
14 per cent since 2019.
Orion is responsible for the
distribution of power from the national grid operator,
Transpower, to more than 210,000 homes and businesses in the
central Canterbury region. Its prices are regulated by the
Commerce Commission.
Orion’s prices cover both
Transpower’s costs of bringing power to the region and its ....

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