Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. New Zealand
  4. New Zealand Stock Exchange
  5. Vector Limited
  6. News
  7. Summary
    VCT   NZVCTE0001S7

VECTOR LIMITED

(VCT)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Vector : comments on release of Government's Emissions Reduction Plan discussion document

10/12/2021 | 09:42pm EST

Commenting on the release of the Government's Emissions Reduction Plan discussion document, Vector Group Chief Executive Simon Mackenzie says, "This is a critical time for us as we set a pathway for decarbonisation, and it's important we get it right.

"Ensuring an equitable transition towards our low carbon energy system is essential so that future generations aren't left with high decarbonisation costs", said Mr Mackenzie.

"We need to take the opportunity now to set in place meaningful targets - including the four transport targets proposed in the discussion document - and a regulatory and policy framework that supports the investments and technologies needed to deliver an affordable, well-managed energy transition. This must include a framework for a larger role for customer demand response in accommodating increased electricity demand, including how EVs will integrate into this, and a managed transition away from fossil gas that includes a new transitional agreement between Government and the gas industry.

"Vector is taking steps already, for example by trialling EV smart charging to flatten extra demand from EVs, keeping future charging infrastructure costs down.

"We look forward to continuing to engage on what could be included in the Plan and how we can work with Government to make it happen".

ENDS

Disclaimer

Vector Limited published this content on 13 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 October 2021 01:41:01 UTC.


ę Publicnow 2021
All news about VECTOR LIMITED
01/26Vector's Gas, Electricity Network Connections Inch Up in H2, 2021
MT
01/24VECTOR : Interim Results 2022 Date and Investor Webcast details
PU
01/24VECTOR : Operational performance for the 6 months ended 31 December 2021
PU
01/16VECTOR : Registrations of Interest (ROI) for non-wires alternative in wider Warkworth regi..
PU
2021Australia shares flat as treasurer comments offset Omicron worries
RE
2021VECTOR : New director announced
PU
2021Vector Limited Appoints Paul Hutchison as Director, Effective on December 8, 2021
CI
2021VECTOR : provides notification of issue of bonds
PU
2021Vector retail bond offer, interest rate set
AQ
2021VECTOR : retail bond offer – interest rate set
PU
More news
Analyst Recommendations on VECTOR LIMITED
More recommendations
Financials
Sales 2022 1 324 M 871 M 871 M
Net income 2022 181 M 119 M 119 M
Net Debt 2022 3 235 M 2 128 M 2 128 M
P/E ratio 2022 20,8x
Yield 2022 4,45%
Capitalization 3 900 M 2 571 M 2 566 M
EV / Sales 2022 5,39x
EV / Sales 2023 5,38x
Nbr of Employees -
Free-Float 24,9%
Chart VECTOR LIMITED
Duration : Period :
Vector Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends VECTOR LIMITED
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 4
Last Close Price 3,78 NZD
Average target price 4,13 NZD
Spread / Average Target 9,33%
EPS Revisions
Managers and Directors
Simon James MacKenzie Group Chief Executive Officer
Jason Hollingworth Chief Financial Officer
Jonathan Parker Mason Chairman
Dame Paula Rebstock Deputy Chairman
Bruce Turner Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
VECTOR LIMITED-5.74%2 571
NATIONAL GRID PLC3.53%53 570
SEMPRA2.78%43 417
ABU DHABI NATIONAL ENERGY COMPANY PJSC-5.30%38 264
ENGIE5.06%36 849
E.ON SE1.20%35 876