Vector loses key elements of challenge to Commerce Commission pricing

Wed, 11 Dec 2013

By Pattrick Smellie Dec. 12 (BusinessDesk) – An attempt led by Auckland monopoly network Vector to overturn the way the Commerce Commission sets prices for its services has failed in almost all respects, following a merits review challenge to the High Court. The long-awaited, 661 page decision from Justice Denis Clifford rejected arguments mounted by Vector and supported by fellow electricity lines company Powerco and a phalanx of other monopoly operators, including ports and airports, that the competition authority was unreasonably restrict...

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