Vector to cut gas distribution prices by 18 percent

Wed, 27 Feb 2013

Feb. 28 (BusinessDesk) - Competition regulator the Commerce Commission has confirmed that gas distribution network owner Vector will have to cut its prices by 18 percent, and cut its wholesale gas transmission charges by 29.5 percent. The final determinations are in line with earlier drafts, and remain the subject of a High Court merits appeal led by Vector and supported by a range of monopoly service providers such as electricity, port, and airport operators who believe the commission is using the wrong inputs to determine regulated pricing....

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