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

 

Farmers Back Commission

28 November 2005

Farmers Back Commission

Federated Farmers supports the Commerce Commission's strong warning to Transpower over the grid operator's huge price increases, said Don Nicolson, Vice President of Federated Farmers of New Zealand (Inc).

"The Commerce Commission is right to be firm with Transpower, particularly since the state monopoly is already under investigation by the commission for breaching price thresholds and thereby overcharging consumers," said Mr Nicolson.

Transpower may only raise prices by the rate of inflation minus 1%, unless the price increase is for investments approved by the Electricity Commission.

"Transpower's much larger price increases (19 percent in March 2006, and average of 13% a year over the next five years) are being justified on the ground they are needed to fund upgrades to the national grid. But the increases have been announced before the Electricity Commission has started to consider whether to approve the proposed upgrades," Mr Nicolson said.

"Today's long-suffering power consumer shouldn't have to pay higher charges now to fund a programme of capital expenditure that may not be approved," he said.

"Farmers are frustrated that Transpower fails to recognise the rights of consumers and the owners of land over which its pylons stand," said Mr Nicolson.

ENDS


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


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>>

ALSO:


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>>

ALSO:

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>>