✨ Commerce Act Notice
NEW ZEALAND GAZETTE, No. 186
14 DECEMBER 2009
COMMERCE ACT
(DECISION NOT TO DECLARE CONTROL – 1 APRIL 2006 TO 31 MARCH 2007: ALPINE ENERGY LIMITED, AURORA ENERGY LIMITED, COUNTIES POWER LIMITED, ELECTRICITY ASHBURTON LIMITED, ELECTRICITY INVERCARGILL LIMITED, MAINPOWER NEW ZEALAND LIMITED, ORION NEW ZEALAND LIMITED, TOP ENERGY LIMITED; 1 APRIL 2003 TO 31 MARCH 2006: NELSON ELECTRICITY LIMITED, NETWORK WAITAKI LIMITED, SCANPOWER LIMITED) NOTICE 2009
Pursuant to Part 4A of the Commerce Act 1986 and section 13 of the Interpretation Act 1999, the Commerce Commission (the "Commission") gives the following notice.
NOTICE
1. Title
(1) This notice is the Commerce Act (Decision Not to Declare Control: Electricity Distribution Businesses) Notice 2009.
(2) This notice supersedes the Commerce Act (Decision Not to Declare Control: Electricity Distribution Businesses) Notice 2008 (2(nd)) (New Zealand Gazette, 29 September 2008, No. 146, page 3965).
2. Long title
Commerce Act (Decision Not to Declare Control – 1 April 2006 to 31 March 2007: Alpine Energy Limited, Aurora Energy Limited, Counties Power Limited, Electricity Ashburton Limited, Electricity Invercargill Limited, Mainpower New Zealand Limited, Orion New Zealand Limited, Top Energy Limited; 1 April 2003 to 31 March 2006: Nelson Electricity Limited, Network Waitaki Limited, Scanpower Limited) Notice 2009.
3. Background
Part 4A of the Commerce Act 1986 ("the Act") came into effect on 8 August 2001 and, among other things, required the Commission to implement a targeted control regime for the regulation of large electricity lines businesses (lines businesses)—namely electricity distribution businesses (distribution businesses) and Transpower New Zealand Limited.
Section 57E of the Act provided that the purpose of subpart 1 of Part 4A was to promote the efficient operation of markets directly related to electricity distribution and transmission services through targeted control for the long-term benefit of consumers by ensuring that suppliers:
(a) are limited in their ability to extract excessive profits; and
(b) face strong incentives to improve efficiency and provide services at a quality that reflects consumer demands; and
(c) share the benefits of efficiency gains with consumers, including through lower prices.
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NZ Gazette 2009, No 186
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Decision not to declare control under the Commerce Act
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🏭 Trade, Customs & IndustryCommerce Act, Control Declaration, Electricity Distribution Businesses
- Commerce Commission