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

 

Bringing changes to anti-competitive behaviour

Media Statement

Former Transpower CEO working with Energy Trusts to bring changes to anti-competitive behaviour

It is time to give consumers the facts on who charges what

Wellington (12 Dec 2003)

The Energy Trusts of New Zealand Inc [ETNZ] has engaged the services of Bob Thomson, former Chief Executive of Transpower, to assist ETNZ in its ongoing efforts to fully represent the interests of consumer-owners of most of the lines companies in New Zealand.

Our 25 member trusts own most of the lines companies in this country, with an estimated investment of over $5 Billion. Those trusts represent the consumers who own these key infrastructure companies. The decision to employ Bob Thomson reflects our growing concern about recent policies that threaten the value of consumers’ assets and impose de facto extra taxes on consumers.

ETNZ has concerns ranging from the relatively simple case of separating the distribution and energy charges on an electricity account, through to the current government policy focus on smoothing the path for major investments by Crown-owned generators.

Bob Thomson has a vast depth of industry experience, and is widely respected as a person who will speak his mind. His advice and guidance will be of considerable benefit to ETNZ as we move forward and position our member trusts for the changes that lie ahead. Bob has a wide appreciation of policy and operational issues and already we have identified opportunities to work with the Electricity Networks Association [ENA] on certain matters that are of mutual interest to our respective organisations.

The road ahead will be a challenge for both owners and operators of lines companies. Jointly we face the untried behaviour and deliberations of the Electricity Commission and it is critical that we understand the threats and changes that lie ahead for our member trusts, which are both owner and consumer focused. There are also the significant financial implications that arise from the Commerce Commission’s price and profit path methodologies.

The Government, and the government commissions referred to, deserve to be given sound and objective opinion from the owners and from the consumers whom ETNZ represents. For our part the Bob Thomson will help us achieve deliver this in a professional, very informed manner.

Bob enjoys the confidence and respect of many people and organisations in the electricity industry, and through this we can hope to best represent the views of ETNZ where and when appropriate.


Ken Gilligan
Chairman

ETNZ is an incorporated society of energy trusts, the majority of which hold shares in companies which operate electricity networks (lines businesses) throughout New Zealand. ETNZ has twenty-five member trusts. Most ETNZ member trusts hold shares in companies that acquired the assets of local community owned power companies, or Power Boards. Those shares are held on behalf of beneficiaries who are, in the main, local electricity consumers. The value of the investments exceeds $5 Billion.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Auckland Transport: Successful Bridge Repair Opens Two Additional Lanes To Traffic

The opening of two additional lanes on the Auckland Harbour Bridge this morning will help relieve some motorway congestion for motorists heading home to the North Shore tonight. More>>

ALSO:

Statistics New Zealand: COVID-19 Sees Record 12.2 Percent Fall In New Zealand’s Economy

Gross domestic product (GDP) fell by 12.2 percent in the June 2020 quarter, the largest quarterly fall recorded since the current series began in 1987, as the COVID-19 restrictions in place through the quarter impacted economic activity, Stats NZ said ... More>>

ALSO:

Climate: Scientists Release ‘Blueprint’ To Save Critical Ecosystems And Stabilize The Earth’s Climate

A group of scientists and experts produced the first comprehensive global-scale analysis of terrestrial areas essential for biodiversity and climate resilience, totaling 50.4% of the Earth's land. The report was published in Science Advances ... More>>

ALSO:

MPI: Independent Review Launched Into Assurances For Safe Transport Of Livestock By Sea

The Ministry for Primary Industries (MPI) has launched an independent review of the assurances it receives for the safe transport of livestock by sea. MPI Director-General Ray Smith says Mike Heron QC has been appointed to lead the review, which is expected ... More>>

ALSO:


Computers: New Zealand PC Market Grows Nearly 40% Due To Work From Home Demand

COVID-19 had large impacts on demand for PCs as businesses prepared for lockdowns by purchasing notebooks to mobilise their workforce. In the second quarter of 2020, New Zealand's Traditional PC market experienced a 39.7% year-on-year (YoY) growth ... More>>

ALSO:


University Of Auckland: Whale-Watching By Satellite – Follow Their Travels Online

Scientists have successfully attached satellite tracking tags to six New Zealand southern right whales, or tohorā, and are inviting the public to follow the whales’ travels online. Part of a major research project involving the University of Auckland ... More>>

Commerce Commission: Kiwibank Admits System Failures And Agrees To Pay Customers $5.2 Million

Kiwibank has entered into a settlement agreement with the Commerce Commission after reporting that it failed to have in place robust home loan variation disclosure policies, procedures and systems. In a settlement dated 27 August 2020, Kiwibank admitted that ... More>>

Ministry of Health: Public Transport Distancing Requirements Relaxed

Physical distancing requirements on public transport have been reviewed by the Ministry of Health to determine whether they are still required at Alert Level 2 (or below). The Ministry’s assessment is that mandatory face covering and individuals tracking ... More>>

ALSO:

NZHIA: New Zealand Hemp Industry Set To Generate $2 Billion Per Annum And Create 20,000 Jobs

A new report says a fully enabled hemp industry could generate $2 billion in income for New Zealand by 2030, while also creating thousands of new jobs. Written by industry strategist Dr Nick Marsh, the report has prompted calls from the New Zealand Hemp ... More>>

ALSO:

Stats NZ: One In 14 Employed People Report High Risk Of Losing Jobs

About one in 14 workers say they expect to lose their job or business by mid-2021, Stats NZ said today. A survey of employed people in the June 2020 quarter showed 7 percent felt there was a high or almost certain chance of losing their job or business ... More>>

ASB Quarterly Economic Forecast: NZ Economy Doing Better Than Expected, But Challenges Remain

August lockdown estimated to have shaved 8% off NZ’s weekly GDP, and 0.5% off annual GDP Economy now expected to shrink 5% (year-on-year) by end of 2020 Unemployment rate now expected to peak at 7.2% The latest ASB Quarterly Economic Forecast is less ... More>>

ALSO: