Vector faces 25 percent price cut for lines under commission’s proposed price paths

Tue, 23 Oct 2012

Oct. 24 (BusinessDesk) - Vector, the Auckland network owner, would have to accept a 25 percent cut to its transmission charges for gas pipelines under proposed default price-quality paths proposed by the Commerce Commission. The regulator has released the proposed changes which would establish the biggest adjustments that would start on July 1 next year. After that, prices would be adjusted by the rate of inflation through until 2017, it said in its revised draft decision. Vector has been battling the changes with a court challenge. The chan...

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