✨ Electricity Regulation Decisions
398 NEW ZEALAND GAZETTE, No. 16 16 FEBRUARY 2010
The Power Company Limited
- The Power Company’s disclosed ROI results do not appear to provide prima facie evidence that it consistently earned excessive profits over the regulatory period.
Top Energy Limited
- Top Energy confirmed to the Commission that it had returned the full amount of the breach to consumers on 12 May 2009. Once the amount returned to consumers is removed from Top Energy’s notional revenue, it no longer exceeds the price path threshold;
- the Commission considers that Top Energy appropriately dealt with the breach of the price path threshold by returning the full amount, plus interest to its consumers;
- the breach of the reliability threshold is significantly reduced when the SAIDI value is normalised using Top Energy’s identified MEDs; and
- Top Energy’s reliability results do not indicate deterioration in its SAIDI performance against its threshold.
Wellington Electricity Lines Limited
- Wellington Electricity’s quality threshold breach during the 2008/09 assessment period does not appear to provide prima facie evidence of a sustained problem. However, the Commission will continue to monitor Wellington Electricity’s performance.
Westpower Limited
- Westpower’s disclosed ROI results do not appear to provide prima facie evidence that it consistently earned excessive profits over the regulatory period;
- Westpower’s SAIDI result is below the threshold and the SAIFI result is significantly reduced when the results are normalised using Westpower’s identified MEDs; and
- Westpower’s quality threshold breaches during the 2008/09 assessment period do not appear to provide prima facie evidence of a sustained problem.
A comprehensive explanation of the reasons for the Commission’s decisions not to declare control of the above electricity lines businesses is contained in the paper titled Commerce Commission, Regulation of Electricity Lines Businesses Targeted Control Regime Reasons for Not Declaring Control of the Electricity Distribution Businesses: Alpine Energy Limited, Centralines Limited, Counties Power Limited, Eastland Network Limited, Electra Limited, Electricity Ashburton Limited, Horizon Energy Distribution Limited, Mainpower New Zealand Limited, Marlborough Lines Limited, Nelson Electricity Limited, Network Tasman Limited, Northpower Limited, OtagoNet Joint Venture, Powerco Limited, The Power Company, Top Energy Limited, Wellington Electricity Lines Limited and Westpower Limited dated 16 February 2010. A copy of this paper can be located on the Commission’s website: www.comcom.govt.nz
Any comments and questions on this notice may be sent by email to: electricity@comcom.govt.nz; or by mail to Regulation Branch, Commerce Commission, P.O. Box 2351, Wellington; or by facsimile (04) 924 3700.
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NZ Gazette 2010, No 16
✨ LLM interpretation of page content
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Decisions Not to Declare Control for Energy Companies
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🏭 Trade, Customs & IndustryControl Declaration, Energy Companies, Price Path Threshold, ROI, Quality Threshold, Performance Monitoring