✨ Regulatory Determinations
NEW ZEALAND GAZETTE, No. 144 — 28 NOVEMBER 2014
circuit breakers, power transformers and outdoor-to-indoor substation conversions.
Incentives for Transpower to maintain or improve its quality of supply are included in the individual price-quality path through:
- rewards by way of an increase in Transpower’s maximum revenue based on whether, or by what amount, Transpower meets or exceeds the required quality standards; and
- penalties by way of a reduction in Transpower’s maximum revenues based on whether, or by what amount, Transpower fails to meet the required quality standards.
Compliance and information reporting
For the purpose of monitoring compliance with Transpower’s price-quality path, Transpower must provide the Commission each year with a pricing compliance statement and an annual compliance statement (and associated information).
Transpower’s individual price-quality path determination also requires Transpower to publicly disclose other information. The information disclosure requirements are included within the individual price-quality path determination (and are in addition to other reporting requirements in the Transpower Information Disclosure Determination 2014 [2014] NZCC 5) because they give effect to an operational feature of the price-quality path, or are linked to Transpower’s development plan for this regulatory period, rather than being enduring disclosures.
Further information
Copies of Transpower’s individual price-quality path determination are available:
- for inspection free of charge at the Commission’s head office at 44 The Terrace, Wellington (during ordinary office hours)
- on the Commission’s website at www.comcom.govt.nz/regulated-industries/electricity/electricity-transmission/transpower-individual-price-quality-regulation/transpowers-price-quality-path-from-2015-to-2020/
- for purchase at a reasonable price at the Commission’s head office at 44 The Terrace, Wellington.
Copies of the reasons papers for Transpower’s individual price-quality path determination are also available on the Commission’s website at www.comcom.govt.nz/regulated-industries/electricity/electricity-transmission/transpower-individual-price-quality-regulation/transpowers-price-quality-path-from-2015-to-2020/
Dated at Wellington this 28th day of November 2014.
COMMERCE COMMISSION.
2014-au7323
Notice of Determination of Default Price-Quality Regulation Applicable to Electricity Distribution Businesses
The Commerce Commission (“Commission”) gives the following notice under Part 4 of the Commerce Act 1986 (“the Act”).
Notice of determination
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On 28 November 2014, the Commission issued the Electricity Distribution Services Default Price-Quality Path Determination 2015 [2014] NZCC 33 (“EDB DPP Determination”), under section 52P of the Act.
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The determination sets out the default price-quality path applicable to regulated suppliers of electricity distribution businesses (“EDBs”).
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The determination is made in accordance with the Commission’s input methodologies applicable to EDBs, as specified in the Electricity Distribution Services Input Methodologies Determination 2012 [2012] NZCC 26.
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This notice summarises the determination in accordance with section 52P(7)(b) of the Act.
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This determination applies for the regulatory period 1 April 2015 to 31 March 2020.
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This determination applies to all non-exempt EDBs (EDBs other than consumer-owned EDBs exempt under
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NZ Gazette 2014, No 144
✨ LLM interpretation of page content
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Notification of Transpower’s Individual Price-Quality Path
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🏭 Trade, Customs & Industry28 November 2014
Commerce Act, Price-Quality Path, Transpower, Electricity Lines Services, Revenue Adjustments, Compliance, Reporting
- Commerce Commission
🏭 Notice of Determination of Default Price-Quality Regulation Applicable to Electricity Distribution Businesses
🏭 Trade, Customs & Industry28 November 2014
Commerce Act, Price-Quality Path, Electricity Distribution Businesses, Regulatory Period, Input Methodologies
- Commerce Commission