ComCom plans to tighten rules on electricity, gas companies passing costs to consumers

Tue, 29 Aug 2017

By Sophie Boot Aug. 30 (BusinessDesk) - The Commerce Commission is looking at tightening rules for electricity and gas pipeline companies using related parties to carry out work rather than independent contractors, with concerns that the cost is being passed on to consumers. In a draft decision released today, the regulator said the volume and value of related party transactions involving electricity lines businesses is growing, and it wants to avoid customers being harmed. In 2016, 11 of the country's 29 electricity companies spent m...

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