New Zealand Gazette – 1995 – No. 91

Page 2692

✨ Electricity Performance Measures



2692 NEW ZEALAND GAZETTE No. 91

(c) Accounting rate of profit, which shall be calculated in accordance with the formula:

$$
\frac{a - b - c + d}{e}
$$

where -

a earnings before interest and tax; and

b cash tax; and

c interest tax shield; and

d revaluations; and

e average shareholders funds employed, minus half the amount of revaluations.

Accounting rate of profit = 4.25%

As this is the first year for the calculation of performance measures it has not been required to calculate the opening balances required to ascertain the average balances for average total funds employed and average shareholders’ funds. Therefore closing balances have been used.

  1. Efficiency Performance Measures:

(a) Direct line costs per kilometre, which shall be calculated in accordance with the following formula:

$$
\frac{a}{b}
$$

where -

a is direct expenditure (in dollars); and

b is system length (in kilometres):

Direct line costs = $2,142 per kilometre

(b) Indirect line costs per customer, which shall be calculated in accordance with the following formula:

$$
\frac{a}{b}
$$

where -

a is indirect expenditure (in dollars); and

b is total customers:

Indirect line costs = $199 per customer

Disclosure of Energy Delivery Efficiency Performance Measures and Statistics Pursuant to Regulation 15 and Part III of the First Schedule of the Electricity (Information Disclosure) Regulations 1994.

  1. Energy Delivery Efficiency Performance Measures

(a) Load factor, which shall be calculated in accordance with the following formula:

$$
\frac{a}{b \times c} \times \frac{100}{1}
$$

where -

a is the amount of electricity (in kilowatt hours) entering the system during the financial year;

b is the maximum demand; and

c is the total number of hours in the financial year

Load Factor = 72%

(b) Loss ratio, which shall be calculated in accordance with the following formula:

$$
\frac{a}{b} \times \frac{100}{1}
$$

where -

a is the losses of electricity (expressed in kilowatt hours); and

b is the amount of electricity (in kilowatt hours) entering the system during the financial year:

Loss Ratio = 2.3%

(c) Capacity utilisation, which shall be calculated in accordance with the following formula:

$$
\frac{a}{b} \times \frac{100}{1}
$$

where -

a is the maximum demand; and

b is transformer capacity (in kilovolt amperes).

Capacity utilisation = 54%

  1. Statistics

(a) System length, together with a breakdown of that length according to different nominal line voltages.

Voltage
110kV
33kV
11kV
400Volt

System Length 2,075.1km

(b) The total circuit length (in kilometres) of the overhead electric lines that form part of the system (which length shall be calculated on the same basis as system length)



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✨ LLM interpretation of page content

💰 Financial Performance Measures (continued from previous page)

💰 Finance & Revenue
Financial Performance, Accounting Return, Total Assets, Equity, Electricity Regulations

🏭 Efficiency Performance Measures

🏭 Trade, Customs & Industry
Efficiency, Direct Line Costs, Indirect Line Costs, Electricity

🏭 Disclosure of Energy Delivery Efficiency Performance Measures and Statistics

🏭 Trade, Customs & Industry
Energy Delivery, Efficiency, Load Factor, Loss Ratio, Capacity Utilisation, Electricity

🏭 Statistics on System Length

🏭 Trade, Customs & Industry
System Length, Voltage, Electricity