
Herald NOW: Daily News Update: June 12 2025
Herald NOW: KiwiSaver Hardship withdrawals surge to new highs
WATCH: Kiwisaver withdrawals soar as New Zealanders contend with the cost of living. Video / Herald NOW

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3 hours ago
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Electricity Authority Supports Rule Change To Boost Impact Of Rooftop Solar
Press Release – Electricity Authority People with rooftop solar on their homes or businesses and other small electricity generators will see a better return if they can supply more power to the network. But more importantly, wider voltage limits support lower prices for all New Zealanders … The Electricity Authority Te Mana Hiko (Authority) is encouraging lines companies to make use of the wider voltage limits, announced by the Government today. These new wider limits come into effect later this year and will enable greater use of rooftop solar energy systems to supply power to the local network. Over time, this will increase the contribution small and locally generated energy resources will make to the network – including those owned by consumers, such as rooftop solar systems. The Authority welcomes this regulatory change and has issued an open letter today outlining how it expects lines companies to bring it into effect. 'In our open letter, we encourage the country's 29 lines companies to make the most of the new wider voltage limits so all New Zealanders can reap the benefits,' says Authority General Manager Networks and System Change Tim Sparks. 'People with rooftop solar on their homes or businesses and other small electricity generators will see a better return if they can supply more power to the network. But more importantly, wider voltage limits support lower prices for all New Zealanders over the long term. 'Solar energy in particular, is very cheap to generate at certain times of the day. The more the system can draw on these cheap, local sources of power, the lower the costs for everyone. 'This regulatory change recognises the important role consumers will play in New Zealand's electricity system in the future. There are more than 69,000 residential solar connections, across the country, many of which already supply electricity to the network. 'In the near future, households and businesses charging electric vehicles will also be able to play a part, by putting the vehicle battery's stored energy back into the network when it's needed. Consumer-supplied electricity is growing internationally. This regulatory change anticipates a similar increase in opportunities for New Zealanders to participate in the electricity system. 'The letter we issued today give lines companies clear direction on what's needed at an operational level, so the benefits of wider voltage limits can be realised sooner rather than later. 'Widening voltage limits is a critical step towards supporting a shift to a decentralised electricity system. The Authority is currently inviting people to join the discussion about a decentralised system and how it can unlock more affordable, clean, secure and resilient energy for all New Zealanders,' Sparks said. Notes: The Electricity Authority is an independent Crown Entity with the main statutory objective to promote competition in, reliable supply by, and the efficient operation of, the electricity industry for the long-term benefit of consumers. The additional objective of the Authority is to protect the interests of domestic consumers and small business consumers in relation to the supply of electricity to those consumers.


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5 hours ago
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Tuatahi First Fibre Extends Service Partner Agreement With Ventia
Tuatahi First Fibre has signed a new service partner agreement with Ventia, strengthening a partnership that continues to support the delivery of fast and reliable fibre broadband. Ventia has been a strategic partner to Tuatahi since 2011 and has extensive experience delivering services including design, build and maintenance, reactive support, field service supervision and project management. The new agreement, valued at more than NZD$110 million over an initial five-year term, positions Ventia as Tuatahi's primary service delivery partner for network build, customer connections, and maintenance activities across their fibre network. The agreement takes effect from 1 July 2025. Tuatahi CEO John Hanna said Ventia has a proven track record in fibre services and shares their commitment to customer excellence. 'We've built a strong and trusted relationship with Ventia over the past 14 years, and this new agreement is a critical step in our ongoing commitment to delivering excellent service to fibre broadband retailers and consumers,' Mr Hanna said. 'As demand for reliable, high-speed broadband continues to grow, we're confident this partnership will help us scale effectively, respond quickly, and maintain high performance across our network – connecting more New Zealanders to world-class fibre broadband.' Ventia Group Chief Executive Officer and Managing Director, Dean Banks said the company is proud to continue supporting New Zealand's connectivity needs. 'We are proud of our long-term partnership with Tuatahi and are excited to further extend our relationship with a model that enables growth and operational efficiencies,' Mr Banks said. 'Ventia maintains a strong presence in New Zealand and is committed to supporting the country's digital future as a leading provider of telecommunications and digital infrastructure services.' The renewed partnership is part of Tuatahi's strategy to ensure ongoing quality and innovation in fibre broadband delivery, while continuing to support local communities and the evolving needs of New Zealand's digital economy. About Tuatahi First Fibre Tuatahi First Fibre is a fibre telecommunications wholesale business established in 2010 to deliver the ultrafast broadband (UFB) initiative with the government. Majority owned by Igneo Infrastructure Partners, we operate New Zealand's second-largest fibre network, with approximately 15% of the nationwide UFB footprint, and employ approximately 240 staff. We partner with internet service providers (ISPs), who in turn offer a diverse range of plans and services to customers using our robust network. This collaboration has enabled us to reach over 254,000 households and businesses across regions including Auckland, Waikato, Bay of Plenty, Hawke's Bay,Taranaki,Manawatū-Whanganui,and Wellington. About Ventia Ventia is a leading essential infrastructure services provider in Australia and New Zealand, proudly providing the services that keep infrastructure working for our communities. Ventia has access to a combined workforce of more than 35,000 people, operating in over 400 sites across Australia and New Zealand. With a strategy to redefine service excellence by being customer-focused, innovative and sustainable, Ventia operates across a broad range of industry segments, including defence, social infrastructure, water, electricity and gas, resources, telecommunications and transport.


Scoop
6 hours ago
- Scoop
Electricity Authority Supports Rule Change To Boost Impact Of Rooftop Solar
The Electricity Authority Te Mana Hiko (Authority) is encouraging lines companies to make use of the wider voltage limits, announced by the Government today. These new wider limits come into effect later this year and will enable greater use of rooftop solar energy systems to supply power to the local network. Over time, this will increase the contribution small and locally generated energy resources will make to the network - including those owned by consumers, such as rooftop solar systems. The Authority welcomes this regulatory change and has issued an open letter today outlining how it expects lines companies to bring it into effect. "In our open letter, we encourage the country's 29 lines companies to make the most of the new wider voltage limits so all New Zealanders can reap the benefits," says Authority General Manager Networks and System Change Tim Sparks. "People with rooftop solar on their homes or businesses and other small electricity generators will see a better return if they can supply more power to the network. But more importantly, wider voltage limits support lower prices for all New Zealanders over the long term. "Solar energy in particular, is very cheap to generate at certain times of the day. The more the system can draw on these cheap, local sources of power, the lower the costs for everyone. Advertisement - scroll to continue reading "This regulatory change recognises the important role consumers will play in New Zealand's electricity system in the future. There are more than 69,000 residential solar connections, across the country, many of which already supply electricity to the network. "In the near future, households and businesses charging electric vehicles will also be able to play a part, by putting the vehicle battery's stored energy back into the network when it's needed. Consumer-supplied electricity is growing internationally. This regulatory change anticipates a similar increase in opportunities for New Zealanders to participate in the electricity system. "The letter we issued today give lines companies clear direction on what's needed at an operational level, so the benefits of wider voltage limits can be realised sooner rather than later. "Widening voltage limits is a critical step towards supporting a shift to a decentralised electricity system. The Authority is currently inviting people to join the discussion about a decentralised system and how it can unlock more affordable, clean, secure and resilient energy for all New Zealanders," Sparks said. Notes: The Electricity Authority is an independent Crown Entity with the main statutory objective to promote competition in, reliable supply by, and the efficient operation of, the electricity industry for the long-term benefit of consumers. The additional objective of the Authority is to protect the interests of domestic consumers and small business consumers in relation to the supply of electricity to those consumers.