MainPower produces and mails out to all shareholders and customers a copy of our Annual Review for the year ending 31 March each year. The company’s Annual Report and Financial Statements are available on the website; hard copies can be posted on request. An Interim Report as at 30 September is prepared, covering the first six months of each financial year. A summary of the Interim Report is also published in local newspapers.
Asset Management Plans
MainPower’s Asset Management Plan documents our asset management risks, objectives, processes and plans with specific focus on service targets, and the development, maintenance and replacement plans for our assets. The plan provides customers and stakeholders with insight and explanation on how we intend to provide electricity distribution services to our consumers over the next ten years. It complies with the requirements of clause 2.6.1 of the Electricity Distribution Information Disclosure Determination 2012.
|Asset Management Plan|
|Asset Management Plan Update|
|2016-2026||Asset Management Plan|
|Asset Management Plan Summary|
|2015-2025||Asset Management Plan Update|
|2014-2024||Asset Management Plan|
|2013-2023||Asset Management Plan|
|2012-2022||Asset Management Plan|
Asset Valuation Reports
MainPower New Zealand Limited has carried out a valuation of its electricity line business system fixed assets as at 31 March 2004.
Valuation Report: The Valuation Report is dated December 2004.The Optimised Deprival Valuation (ODV) of these assets is NZ$110,195,789.
Auditors’ Opinion and Certification: Appended to the Valuation Report is the Auditors' Opinion and Certification in relation to the Valuation.
|3 May 2016||Audit Committee Charter|
Electricity Distribution Information Disclosure Determination
|March 2017||Electricity Distribution Information Disclosure Determination|
|March 2016||Electricity Distribution Information Disclosure Determination|
|March 2015||Electricity Distribution Information Disclosure Determination|
|2012 - March 2014||Electricity Distribution Information Disclosure Determination|
|2010 - March 2013||Electricity Distribution Information Disclosure Determination|
|2010||MainPower's Deloitte Published Audit Certificate Non OAG Electricity Distribution Disclosure Requirements|
|30 August 2013||MainPower's Commerce Commission Published RAB Adjustment Independent Engineer's Report|
Commerce Act (Electricity Information Disclosure Requirements) Notice
|2008 - 31 March 2012||Commerce Act (Electricity Information Disclosure Requirements) Notice|
|2008 - 31 March 2011||Commerce Act (Electricity Information Disclosure Requirements) Notice|
|2008 - 31 March 2010||Commerce Act (Electricity Information Disclosure Requirements) Notice|
|2008 - 31 March 2009||Commerce Act (Electricity Information Disclosure Requirements) Notice|
|2008 - 31 March 2008||Commerce Act (Electricity Information Disclosure Requirements) Notice|
|2008 - 31 March 2007||Commerce Act (Electricity Information Disclosure Requirements) Notice|
|2008 - 31 March 2006||Commerce Act (Electricity Information Disclosure Requirements) Notice|
Network Extensions and Upgrades Policy
|1 March 2013||Network Extensions and Upgrades Policy and Capital Contribution Policy|
|2015||Disclosure of Existing Line Charges|
|2014||Disclosure of Existing Line Charges|
|2013||Disclosure of Existing Line Charges|
|2012||Disclosure of Existing Line Charges|
|2011||Disclosure of Existing Line Charges|
|2010||Disclosure of Existing Line Charges|
|2009||Disclosure of Existing Line Charges|
|2008||Disclosure of Existing Line Charges|
|Loss Codes||Loss Factor||Description|
|M11||1.0300||MainPower 11kV Actual|
|M12||1.0000||Ashley GXP Actual|
|Loss Codes||Loss Factor||Description|
|K01||1.0699||Kaiapoi Electricity Network Average|
|K11||1.0300||Kaiapoi 11kV Actual|
|1 April 2018||Disclosure of Electricity Distribution Pricing Methodology|
|1 April 2017||Disclosure of Electricity Distribution Pricing Methodology|
|1 April 2016||Disclosure of Electricity Distribution Pricing Methodology|
|1 April 2015||Disclosure of Electricity Distribution Pricing Methodology|
|1 April 2014||Disclosure of Electricity Distribution Pricing Methodology|
|1 April 2013||Disclosure of Electricity Distribution Pricing Methodology|
|1 April 2012||Disclosure of Pricing Methodology Reg 22/23 - Electricity Information Disclosure|
|1 April 2011||Disclosure of Pricing Methodology Reg 22/23 - Electricity Information Disclosure|
|1 April 2010||Disclosure of Pricing Methodology Reg 22/23 - Electricity Information Disclosure|
|1 April 2009||Disclosure of Pricing Methodology Reg 22/23 - Electricity Information Disclosure|
|1 April 2008||Disclosure of Pricing Methodology Reg 22/23 - Electricity Information Disclosure|
Disclosure in accordance with the Electricity Industry Participation Code 2010.
Under the above noted regulations, electricity distributors are required to prepare a Participant Outage Plan (POP) which specifies the actions that would be taken to reduce the consumption of electricity in the unlikely event a supply shortage is declared by the Electricity Commission.
The Participant Outage Plan must:
The Board of MainPower New Zealand Limited submits a Statement of Corporate Intent to the MainPower Trust each year setting out the overall intentions of the company and the objectives which the Directors and Trustees have agreed. Each Statement of Corporate Intent relates to the current year and two successive financial years.
|2017-2018||MainPower Statement of Corporate Intent|
|2016-2017||MainPower Statement of Corporate Intent|
|2015-2016||MainPower Statement of Corporate Intent|
|2014-2015||MainPower Statement of Corporate Intent|
|2013-2014||MainPower Statement of Corporate Intent|
|2012-2013||MainPower Statement of Corporate Intent|
|2011-2012||MainPower Statement of Corporate Intent|
|2010-2011||MainPower Statement of Corporate Intent|
|2009-2010||MainPower Statement of Corporate Intent|
|2008-2009||MainPower Statement of Corporate Intent|
Any electricity retailer wishing to supply a customer with electricity in the MainPower area needs to enter into a use of system agreement with MainPower.
MainPower operates under a conveyance model. This means that MainPower has a direct contractual relationship with customers for the provision of distribution services. Customers also have a contractual relationship with the electricity retailer for the supply of electricity. The electricity retailer acts as MainPower’s agent for the purposes of invoicing customers for their distribution charges.
MainPower currently has use of system agreements with fifteen retailers. View the Current Use of System Agreements with Retailers.
MainPower will commence negotiating a new use of system agreement based on the Electricity Authority’s model use of system agreement sometime in the first half of 2018.