Regulator sees little reason for power prices to rise

Wed, 06 Feb 2013

By Pattrick Smellie Feb. 7 (BusinessDesk) - The Electricity Authority sees few reasons for residential electricity tariffs to rise in the next 12 to 18 months, as increased transmission and distribution costs are offset by a glut of electricity generation capacity and far better information about the future path of wholesale prices. At a breakfast briefing in Wellington, the authority's chairman Brent Layton and chief executive Carl Hansen ran through a string of new measures the EA uses to measure both the extent of retail competition and th...

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