The Commerce Commission has today published information to help consumers and other interested stakeholders understand the performance of the four regulated gas distribution businesses as it prepares to consult on a new price and quality path due to take effect from October 2022.
The information allows consumers to compare the performance of the gas distributors as well as providing an overall snapshot of the sector across a range of measures. It includes revenue and profitability, capital and operating expenditure, asset condition, and network reliability and service.
Commissioner Sue Begg said the analysis is the first of a number of tools and reports for the gas distribution sector that the Commission intends to produce this year as it consults with the industry and interested parties on resetting the default price-quality path for the sector in May 2022 to take effect in October that year.
"This information will provide transparency about whether gas distribution businesses are performing to the level their customers expect of them and will also help parties engage with us as we set the next default price-quality paths for gas businesses," she said.
The Commission sets price-quality paths for companies that are regulated under Part 4 of the Commerce Act. The five-yearly reset of the price-quality paths sets the maximum revenues and minimum standards of quality that gas distribution businesses must comply with.
