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

Mon, 16 Sep 2019

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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