VCT
06/05/2016 11:39
GENERAL
PRICE SENSITIVE
REL: 1139 HRS Vector Limited
GENERAL: VCT: Vector and Origin join to make smart meters available
Vector and Origin join to make smart meters available to more Australians
Vector is pleased to announce that it has entered into a long term agreement
with Origin Energy for the deployment of an initial tranche of advanced
meters to New South Wales sites.
Vector Group Chief Executive Officer Simon Mackenzie says it's an exciting
move for both businesses.
"We are looking forward to working with Origin during this transformational
period in the Australian energy market."
"This is a very positive step for Vector, Origin and their customers in
preparation for the larger volume smart meter deployments that will be the
result of the Power of Choice reform process which starts in December 2017,"
Mackenzie says.
Origin's Chief Executive Officer Energy Markets Frank Calabria says that
smart metering improves the customer experience and helps to strengthen the
relationship between the retailer and the customer.
"Customers who choose smart metering will see immediate benefits today, and
access innovative products and services in the future." Mr Calabria said.
ENDS
About Origin: (www.originenergy.com.au)
Origin (ASX: ORG) is the leading Australian integrated energy company with
market leading positions in energy retailing (approximately 4.2 million
customer accounts), power generation (approximately 6,000 MW of capacity
owned and contracted) and natural gas production (1,093 PJ of 2P reserves and
annual production of 82 PJe). Through Australia Pacific LNG, its
incorporated joint venture with ConocoPhillips and Sinopec, Origin is
developing Australia's biggest CSG to LNG project based on the country's
largest 2P CSG reserves base.
About Vector: (www.vector.co.nz)
Vector is New Zealand's leading multi-network infrastructure company which
delivers energy and communication services to more than one million homes and
businesses across the country. Vector is listed on the New Zealand Stock
Exchange with ticker symbol VCT. Our majority shareholder, with a 75.1%
stake, is the Auckland Energy Consumer Trust (AECT).
End CA:00281944 For:VCT Type:GENERAL Time:2016-05-06 11:39:02
