"Another victim of the Commerce Commission, perhaps it's time the government provided a more modern framework for the Commission that entitles a company with high cost of capital to make an appropriate return?"
There is "no perfect model" for electricity systems and other countries use similar methods to set prices and to procure investment.
Commerce Commission has confirms the gas distribution network owner will make cuts.
"This result demonstrates how we have continued to grow, in spite of the new economic environment."
Performance of regulators the Commerce Commission and the Electricity Authority slammed.
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