Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

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

 

Confirmed Terms of Reference for Electricity Price Review

Confirmed Terms of Reference for Electricity Price Review

The Electricity Networks Association (ENA) welcomed the confirmed terms of reference for the Government’s electricity pricing review released yesterday.

Chief executive Graeme Peters said the opportunities for public engagement both in relation to the issues identified by the expert advisory group and then again when the advisory group proposes options to address those issues will allow New Zealanders to have meaningful input into the review.

“It’s important that the public has confidence in the process and issues identified by the review.

“We hope that the process will be as transparent as possible and get to the real facts related to electricity pricing.”

Mr Peters also said it was useful for the terms of reference to acknowledge that in terms of electricity affordability, that this depends on many factors other than electricity prices – including housing quality and income levels.

“The Government has already partially addressed the issue of affordability with its winter fuel payment to superannuitants and beneficiaries.

“The review may highlight how issues of affordability could be best addressed for other low-income groups.”

The reconsideration of the current low fixed charge regulations in the scope of the review was also welcome, Mr Peters said.

“With over 60 percent of consumers currently qualifying for the low fixed charge, these regulations are evidently no longer-fit-for purpose.

“These regulations are unfairly resulting in larger – often low-income – households which don’t qualify subsidising the prices of wealthier smaller households which do.”

“These regulations need to be removed as a matter of urgency.”

ENDS


The Electricity Networks Association represents the 27 electricity distribution businesses (or lines companies) which manage New Zealand’s 29 local lines networks.


Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
GenPro: General Practices Begin Issuing Clause 14 Notices

GenPro has been copied into a rising number of Clause 14 notices issued since the NZNO lodged its Primary Practice Pay Equity Claim against General Practice employers in December 2023.More

SPADA: Screen Industry Unites For Streaming Platform Regulation & Intellectual Property Protections

In an unprecedented international collaboration, representatives of screen producing organisations from around the world have released a joint statement.More

 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.