Commerce Commission cuts rate of return for monopoly electricity networks

Mon, 19 Dec 2016

By Pattrick Smellie Dec. 20 (BusinessDesk) - The Commerce Commission has cut the rate of return that local electricity lines networks and national grid owner Transpower can charge in its latest decisions on monopoly network pricing. The decisions affect electricity and gas networks, as well as airports and are part of the statutory process of review intended to ensure that monopoly service providers earn fair rates of return that allow them to invest profitably in essential services while not overcharging consumers. The changes to the...

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