Vector posts solid electricity growth as gas network contracts and outages rise

Vector ( (VETTF) ) has shared an announcement.

Vector reported steady growth across its Auckland electricity network for the nine months to 31 March 2026, with total electricity connections rising 1.5% to 639,473 and new connections up 2% on the prior comparable period. Electricity distributed increased 2% to 6,575 GWh, driven by higher commercial and industrial demand and cooler winter temperatures, while residential volumes rose 1% and business usage climbed 2.7%.

In contrast, the company’s Auckland gas distribution network continued to contract, with customer numbers down 0.3%, new gas connections halved and overall gas volumes falling 2.3% amid weaker demand across all sectors. Network reliability, measured by SAIDI, remained within regulatory thresholds but deteriorated year-on-year, reflecting higher planned and unplanned outage minutes and the impact of Cyclone Tam, underscoring operational challenges alongside the electricity growth story.

More about Vector

Vector is a New Zealand energy company that delivers electricity, gas distribution and communication services to more than 630,000 residential and commercial customers nationwide. Listed on the New Zealand Stock Exchange under ticker VCT and majority-owned by Entrust, the company positions itself as an innovator in reshaping the energy system through its customer-centric Symphony strategy.

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