Vector Limited is a New Zealand energy company, which runs a portfolio of businesses delivering energy and communication services across Australasia and the Pacific. Its primary business is electricity distribution, along with distributing piped gas. It also has a bottled gas business, owns a fibre optic cable network (Vector Fibre), deploys electricity and gas meters (through a 50 percent ownership in Bluecurrent - previously Vector Metering), manages solar infrastructure projects and offers cybersecurity services and a data platform.
Entrust, formerly named Auckland Energy Consumer Trust, owns around three quarters of its shares, and had full ownership until 2005.
History
Auckland Electric Power Board
The Auckland Electric Power Board (AEPB) was formed in 1922, taking over the generation, distribution and supply of electricity from several local councils. All electricity was generated locally until 1925 when the transmission line from Horahora Power Station to Penrose substation was commissioned. The AEPB was connected to the newly completed Arapuni Power Station in 1929.
Under the government reforms introduced by the Energy Companies Act 1992, the Auckland Electric Power Board was corporatised and became Mercury Energy Limited, a company owned by the Auckland Energy Consumer Trust (AECT).