The Commerce Commission (“Commission”) gives notice under section 52Q(5)(b) of the Commerce Act 1986 that it has amended (“amendment”) the Transpower Individual Price-Quality Path Determination 2015 [2014] NZCC 35 (RCP2 IPP Determination). The amendment takes effect on 31 October 2018.

The amendment

The Commission amended the RCP2 IPP Determination as follows:

In Schedule A (Forecast MAR Summary), in line 5 “31 March 2020 (Year 5)” under “Incremental update to forecast MAR determined not later than the second Wednesday in November 2018” [Column 7], replace “$XX.X million” with “$14.3 million”.

In Schedule A (Forecast MAR Summary), in line 5 “31 March 2020 (Year 5)” under “Total forecast MAR applicable to the pricing year (sum of amounts in columns 3 to 7)” [Column 8], replace “$938.7 million” with “$953 million”.

Further information

A copy of the amendment determination is available on the Commission’s website at http://www.comcom.govt.nz/regulated-industries/electricity/electricity-transmission/transpower-individual-price-quality-regulation/transpowers-price-quality-path-from-2015-to-2020, and for inspection free of charge, or for purchase at a reasonable price, at the Commission’s office at 44 The Terrace, Wellington (during ordinary office hours).

Dated at Wellington this 26th day of October 2018.

COMMERCE COMMISSION.