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


Electricity Inquiry Report



The Electricity Networks Association is studying the Electricity Inquiry's report, which was released by Energy Minister Pete Hodgson earlier today. ENA Chairman Ken Forrest says it's a carefully considered response to a large number of complex issues. The report contains a number of sensible proposals that require further work before they can be implemented to ensure that maximum benefits are available to electricity users.

"We note the higher profile recommended for the Commerce Commission in administering information disclosure arrangements and in targeting unreasonable behaviour if this occurs. The Commission is the appropriate body to do this sort of work. I imagine that most of New Zealand's business community would favour use of the Commission as a professional business overseer rather than moving towards a politically administered regime."

"Similarly, the focus on measuring performance on the basis of outputs such as price and reliability is sensible. Impacts on consumers should be the primary focus of any regulatory system."

The report recognises that a "one size fits all" regulatory approach for such a complex industry would be unfair and distortionary. This view is supported.

"Distribution companies will be pleased that the effort that has been put into establishing industry protocols for customers to switch suppliers has been recognised in the report. This is critical to competition, and the commitment of retailers as well as distributors to set up a fair and efficient switching system will continue."

The Association's members will be focussing on the recommendations relating to improved energy efficiency. They recognise that this is a Government priority.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Voluntary Administration: Renaissance Brewing Up For Sale

Renaissance Brewing, the first local company to raise capital through equity crowdfunding, is up for sale after cash flow woes and product management issues led to the appointment of voluntary administrators. More>>


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>


Media Mega Merger: Full Steam Ahead For Appeal

New Zealand's two largest news publishers have confirmed they are committed to pursuing their appeal against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>


Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>