NZ regulator ruling set to trim national electricity line prices by 1.1% in 2015

Thu, 27 Nov 2014

By Paul McBeth Nov. 28 (BusinessDesk) - The Commerce Commission's final decision on default prices for 16 electricity lines companies should bring down distribution prices by 1.1 percent in 2015, with future increases for the following four years to be at the rate of inflation. The commission today set out the maximum revenue the regulated lines companies can earn from April 1, 2015, until March 31, 2020, with a modest reduction expected nationally, varying across the distributors, the antitrust regulator said in a statement. The commissi...

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