Gas price hikes in consumers' best interests: ComCom

Gas price hikes in consumers' best interests: ComCom
Assistant commissioner Vhari McWha says pipelines business needs an incentive to invest. (Image: BusinessDesk)
Jenny Ruth
The Commerce Commission says the focus of its decision to allow gas pipeline businesses (GPBs) to charge consumers more over the next four years is centred on what's in the best long term interests of consumers.The commission has decided to allow the five gas pipeline businesses to charge their about 300,000 customers an extra $48 a year, or $190 over four years, over and above what happens to wholesale prices for natural gas.That’s down from $55 a year in the commission’s draft decision published in February.But this comes at a...

More Infrastructure

Consolidation on the cards as cash no longer king
Economy

Consolidation on the cards as cash no longer king

Cash use has declined for two decades. 

Rebecca Howard 28 Mar 2024
Bridge collapse to cause traffic delays for US car exports
Infrastructure

Bridge collapse to cause traffic delays for US car exports

Industry was just starting to recover after covid pandemic. 

Bloomberg 28 Mar 2024
Councils need to get their mojo back: Anne Tolley
Infrastructure

Councils need to get their mojo back: Anne Tolley

She says local bodies need to take up the funding tools already available to them.

Oliver Lewis 28 Mar 2024
Steven Joyce to chair group looking at infrastructure agency
Infrastructure

Steven Joyce to chair group looking at infrastructure agency

The new National Infrastructure Agency will be up and running next year.

Oliver Lewis 26 Mar 2024