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


Annual performance summaries released for electricity lines

4 October 2017

Annual performance summaries released for electricity lines

Annual performance summaries released for electricity lines companies
The Commerce Commission has published its latest one-page summaries of key performance measures for each of New Zealand’s 29 electricity lines companies, covering the year to 31 March 2017.

As regulated utilities, lines companies are required to publicly disclose key performance information under Part 4 of the Commerce Act.

The performance summaries cover a lines company’s performance in areas including profitability, capital and operating expenditure, revenue, network reliability, and asset condition including for lines, poles, and substations.

The performance summaries are available on the Commission’s website.

Regulation of electricity lines companies
As monopoly utilities, all 29 of the country’s electricity lines companies are regulated by the Commerce Commission under Part 4 of the Commerce Act. This requires each to publicly disclose information on its performance. 17 of the 29 also have price limits and quality standards set by the Commission. Price limits determine the maximum revenue the company can collect from customers, while quality is measured in power outages. If a lines company breaches its quality standards (eg, asset degradation leads to more outages on its networkthan is allowed), it may face prosecution under the Commerce Act. The remaining 12 lines companies are exempt from price-quality regulation as they are consumer-owned.


© Scoop Media

Business Headlines | Sci-Tech Headlines


REINZ: Market Activity And Prices Continue To Ease, First Home Buyers Start To Return To The Market

New Zealand’s winter property market continues its recent trend, slowing from the pace of sales and price rises of last year — properties stay on the market longer and median prices dip... More>>

FMA: Cigna Admits Making False And Misleading Representations
Cigna Life Insurance New Zealand Limited has admitted to making false and/or misleading representations to customers in proceedings brought by the Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko... More>>

Statistics: Retail Card Spending Down 0.2 Percent In July
Retail card spending fell $11 million (0.2 percent) between June 2022 and July 2022, when adjusted for seasonal effects, Stats NZ said today... More>>

ASB: Full Year Results: Building Resilience Today And For Our Future

In its 175th year, ASB has reported a cash net profit after tax of $1,418 million for the 12 months to 30 June 2022, an increase of $122 million or 9% on the prior year... More>>

Commerce Commission: Draft Determination On News Publishers’ Association’s Collective Bargaining Application
The Commerce Commission (Commission) has reached a preliminary view that it should allow the News Publishers’ Association of New Zealand (NPA) to collectively negotiate with Meta and Google... More>>

Heartland: Retirees Facing Pressure From Higher Cost Of Living And Increasing Debt In Retirement

Heartland has seen a significant increase in Reverse Mortgages being used to repay debt. Among the most affected by the increasing living costs are retirees, many of whom are trying to get by on NZ Super alone... More>>