Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Electricity Regulations "Woefully Inadequate"

23 March 2000 PR20/2000

ELECTRICITY REGULATIONS "WOEFULLY INADEQUATE": FEDERATED FARMERS

Federated Farmers has described the current regulations for protecting electricity consumers against the misuse of market power as "woefully inadequate". Federated Farmers energy spokesperson Tom Lambie was giving the federation's verbal submission to the Ministerial Electricity Inquiry.

"Rural areas are particularly vulnerable to the misuse of market power in infrastructural industries such as electricity and telecommunications," said Mr Lambie. The federation requested that the Government develop and implement a robust method of price control on monopoly lines businesses as a matter of urgency.

The federation also wants quality standards within the industry regulations.

"Minimum quality standards are a fundamental customer requirement that should underpin the regulatory regime. It is essential that the regulations recognise varying standards of quality and system security."

Information presented to the inquiry by Federated Farmers showed that the average cost of line charges to a medium usage domestic consumer varied by between 2.6 and 7.04c per kWh. For a medium commercial user, the range was from 1.87 to 8.57c per kWh.

Trend analysis showed that there was no consistency between price and factors such as profit, consumer density, size of business, or service quality. The conclusion clearly pointed to line companies operating in a non-competitive environment.

"Federated Farmers also made a strong request for the inquiry's recommendations to include effective mechanisms for timely and seamless switching of customers between competing retailers," said Mr Lambie.

"It is the quality of physical infrastructure in rural areas that will be a key factor driving the level of productivity in agricultural industries, and thus in New Zealand's economy as a whole," he concluded.

ENDS For further information: Tom Lambie 026-113-161 Catherine Petrey 04-473-7269


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>

ALSO:

Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>

ALSO:

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news