Long-running battle over power line prices coming to a head

Tue, 21 Aug 2012

By Pattrick Smellie Aug 21 (BusinessDesk) - A battle over the prices monopolies can charge is coming to a head, with the Commerce Commission reissuing a draft decision that would see Auckland network owner Vector cut its electricity lines charges by 8 percent ahead of two imminent court hearings. The draft price-setting decision, if implemented on Dec. 1, would also allow electricity lines companies supplying some of the country's most remote, rural areas to raise their charges by as much as 15 percent. The draft decisions are open for submi...

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