Regulator's draft view on monopoly networks would be $33M a year win for consumers

Mon, 21 Jul 2014

By Pattrick Smellie July 22 (BusinessDesk) - Electricity and gas consumers will be about $33 million a year better off if a draft decision by the Commerce Commission to reduce the returns allowable to monopoly electricity and gas network owners and national grid operator Transpower is upheld, although the impact at the household level will be tiny. The commission released a draft decision on the long-running battle over the appropriate weighted average cost of capital for electricity and gas distributors, proposing to reset allowable WACC...

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