Consumers' changing demands force energy companies to adapt

Changing household power consumption habits are forcing power companies to do things differently.

Vector and Meridian have reported on their performance in the year to the end of June.

Vector reported profit rose 186 per cent to $168.9 million. Meridian's was $197m.

Vector chairman Michael Stiassny said, while the fundamentals of Vector's Auckland energy networks were strong, the growth in Auckland's population was not expected to translate into growth in regulated earnings for the next two to three years. Vector had to continue to look to other sources to generate revenue to plug this gap.

from
http://www.stuff.co.nz/business/96099833/Consumers-changing-demands-force-energy-companies-to-adapt