News | Business
15 Dec 2017 23:18
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Days of Xmas
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    Timeline for EA transmission pricing plan

    The Electricity Authority will announce on Tuesday a new timeline for its controversial transmission pricing plan.


    The Electricity Authority will on Tuesday announce a new timeline for its controversial transmission pricing plan, which was delayed after mistakes were found in analysis underpinning the modelling.

    Chief executive Carl Hansen told Parliament's commerce select committee he was "very unhappy" with the errors that were discovered in the Oakley Greenwood cost benefit analysis, which "didn't stack up" on closer examination.

    The regulator had previously stuck to its April 2020 deadline to implement the new guidelines for the transmission pricing methodology - which seek to divvy up the costs for the national grid - but Mr Hansen said the authority will be "putting out an announcement tomorrow around future timing".

    Energy and resources minister Judith Collins assured the committee she hadn't had any conversations with EA board members about delaying the decision until after the September election.

    She said the electricity industry is a "litigious sector" and the authority was "let down" by the cost-benefit analysis.

    The transmission pricing methodology had attracted strong opposition from some electricity producers, carriers and users because it would essentially have shifted the cost of the grid upgrades to the North Island, which was thought to be the greatest source of demand and the biggest beneficiaries of recent investment to the network.

    In contrast, South Island generators and consumers, such as Meridian Energy and the Tiwai Point aluminium smelter, would see a reduction in their costs.

    Ms Collins said she expected some consolidation and greater collaboration over the coming decade as consumers demand more alignment from the lines operators, which are regulated monopolies in their respective districts.

    She also told the committee that she expected to receive a Ministry of Business, Innovation and Employment report into petrol pricing later this month.


    NZN




    © 2017 NZN, NZCity


     Other Business News
     15 Dec: Rupert Murdoch dismisses Fox News sexual harassment allegations as 'largely political'
     15 Dec: Petrol shortages after fuel line shutdown
     15 Dec: CBA's Vittoria Shortt to take up ASB reins
     15 Dec: NZD gains on euro as stimulus pledged
     15 Dec: China's CITIC offers $211m for Trilogy
     15 Dec: More praise for families package
     15 Dec: Cadbury job cuts set to hit staff
     Top Stories

    RUGBY RUGBY
    Australia bidding for 2027 Rugby World Cup More...


    BUSINESS BUSINESS
    Rupert Murdoch dismisses Fox News sexual harassment allegations as 'largely political' More...



     Today's News

    Business:
    Rupert Murdoch dismisses Fox News sexual harassment allegations as 'largely political' 22:47

    Basketball:
    36ers in comeback NBL win over Breakers 21:57

    Entertainment:
    Nelly has had his alleged rape case dropped after his accuser refused to testify against him 21:30

    Soccer:
    Clean sheet not the A-League goal for Moss 21:17

    Entertainment:
    Robbie Williams spent seven days in intensive care after “abnormalities” were found in his brain in September 21:00

    Entertainment:
    Halle Berry and Alex Da Kid have reportedly ended their relationship 20:30

    Entertainment:
    Selena Gomez has posted a touching tribute to her close pal Taylor Swift in honour of her birthday 20:00

    Politics:
    PNG Supreme Court dismisses warrant for Peter O'Neill's arrest over corruption allegations 19:47

    Entertainment:
    Ed Sheeran has managed two years without a cell phone 19:30

    Living & Travel:
    Hunt on for man missing in Lake Wanaka 19:17


     News Search






    Power Search


    © 2017 New Zealand City Ltd