NZBORA Advice Fuel Industry Amendment Bill [pdf, 248 KB]
...The Bill sets out a process to activate the regulatory backstop which will give effect to price regulation. This involves the Commerce Commission (Commission) considering the TGP levels and providing a recommendation to the Minister of Energy and Resources on whether to price regulate the TGP of one or more wholesale suppliers. Price regulation will be introduced by Order in Council, and the Commission must then set a pricing principle or methodology that the supplier or suppliers are req...