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Vector takes smart grid expertise to UK

posted Aug 24, 2012, 5:52 PM by ema-1 ema-1
"Investment in renewables is being stepped up to meet climate change targets set by the British Government. Concerns about dependency on gas coming from Russia and Eastern Europe is an issue. Mackenzie says the competitive process adopted in New Zealand has resulted in the end user cost to the consumers staying the same after the rollout. "Whereas in the UK the kind of rhetoric they're getting back is this is going to significantly increase costs to distributors." Mackenzie hints at potential commercial opportunities for Vector in Britain where it is looking at becoming an affiliate member of the UK Networks Association. Vector will gain exposure to how networks of size and scale are being developed and the ability to access a major British Government fund (£500 million) to trial special technologies for further developing smart networks"