Gas price hikes in consumers' best interests: ComCom

Jenny Ruth
Wed, 01 Jun 2022

Gas price hikes in consumers' best interests: ComCom
Assistant commissioner Vhari McWha says pipelines business needs an incentive to invest. (Image: BusinessDesk)
Jenny Ruth
Wed, 01 Jun 2022
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...

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