Vector disappointed with Appeal Court decision overturning review of price regulation

Fri, 01 Jun 2012

June 01 (BusinessDesk) - Vector, the Auckland gas and electricity lines company, is disappointed with a Court of Appeal decision overturning a judicial review of the way the Commerce Commission regulates price-setting for monopoly utility providers. The lines company claimed making investment decisions was hindered by the exclusion of the process and rules to set the starting price in the regulator's input methodologies, and won a High Court-ordered review in September last year. The so-called 'default price path' determines how much monopol...

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