Regulator reshapes Orion’s quake cost clawback pricing

Thu, 28 Nov 2013

By Paul McBeth Nov. 29 (BusinessDesk) - The Commerce Commission has trimmed planned price hikes sought next year by Orion New Zealand to allow the Christchurch electricity lines company to recover earthquake rebuilding costs, but has eased up on subsequent increases over the next four years. The competition regulator will let Orion increase prices by up to 8.4 percent from April next year, resulting in an average monthly increase of $4.80 for a typical household, it said in a statement. The lines company can make further annual increases at...

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