Z Energy demands ComCom fix 'material inaccuracies' in fuel report

Z Energy demands ComCom fix 'material inaccuracies' in fuel report
Pattrick Smellie
By Pattrick Smellie Sept. 16 (BusinessDesk) - Z Energy has released analysis that questions the Commerce Commission's basic arithmetic, use of economic concepts and choice of the formula it used to conclude the New Zealand transport fuel sector is uncompetitive. "Z has discovered a number of inaccuracies in the draft findings on profitability, including a misrepresentation of Z’s 2016-2018 rate of return as about 22 percent, around double Z’s independently reviewed calculations of about 11 percent," said Z chief executive Mike Bennetts in...

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Third of Powerco on the line
Infrastructure

Third of Powerco on the line

New Zealand's second-largest lines company is 100% Australian-owned.

John Anthony 12 Apr 2024
Beachlands development zoning approval given
Infrastructure

Beachlands development zoning approval given

A large housing development in Beachlands South has been given the go-ahead with the approval of a change to the Auckland Unitary Plan.The private plan change rezones land south of the Beachlands township on the eastern fringe of the city.The development, on land encompassing the...

Staff reporters 12 Apr 2024
Slow and steady wins the race? Familiar speed bumps for fast-track
Policy

Slow and steady wins the race? Familiar speed bumps for fast-track

Freddy the frog will be glad to hear he still has a few months left on the clock.

Dileepa Fonseka 12 Apr 2024
Does NZ really need to spend $1 trillion on infrastructure?
Infrastructure Analysis

Does NZ really need to spend $1 trillion on infrastructure?

In short, no. We probably can't afford it.

Oliver Lewis 11 Apr 2024