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Annual performance summaries released for electricity lines
4 October 2017
Annual performance summaries released for electricity lines
Annual performance summaries
released for electricity lines companies
The Commerce
Commission has published its latest one-page summaries of
key performance measures for each of New Zealand’s 29
electricity lines companies, covering the year to 31 March
2017.
As regulated utilities, lines companies are required to publicly disclose key performance information under Part 4 of the Commerce Act.
The performance summaries cover a lines company’s performance in areas including profitability, capital and operating expenditure, revenue, network reliability, and asset condition including for lines, poles, and substations.
The performance summaries are available on the Commission’s website.
Background
Regulation of electricity lines
companies
As monopoly utilities, all 29 of the
country’s electricity lines companies are regulated by the
Commerce Commission under Part 4 of the Commerce Act. This
requires each to publicly disclose information on its
performance. 17 of the 29 also have price limits and quality
standards set by the Commission. Price limits determine the
maximum revenue the company can collect from customers,
while quality is measured in power outages. If a lines
company breaches its quality standards (eg, asset
degradation leads to more outages on its networkthan is
allowed), it may face prosecution under the Commerce Act.
The remaining 12 lines companies are exempt from
price-quality regulation as they are
consumer-owned.
ends
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