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SUBMISSIONS

There have numerous events in the Electricity sector during 2017 and 2018 which have taken up the time of the Trustees.  Three matters have been at the forefront, two of which are unsettled at this time, (28 November 2018). The matter that has been settled related to a proposal by Inland Revenue to cease allowing our network company to have a tax deduction for the annual discounts it provides to all connected consumers at a particular date. After lengthy negotiations, Inland Revenue, in January 2018, agreed to allow a tax deduction to network companies which issued discounts to their consumers. There were various conditions and requirements that had to be met, to ensure that the tax deduction was applicable, and our network company was able to satisfy those conditions and requirements. This was a particularly pleasing outcome for Trustees and for consumers, who will continue to receive their annual discounts from Counties Power Limited.   

As mentioned, two matters remain unresolved. These are: 

  1. a proposal by the Electricity Authority to alter the method currently used for charging the transmission cost throughout the country to one of 'user pays'.
  2. an Electricity Price Review. This review was established by the Government and is overseen by an expert panel, chaired by the eminent Dame Miriam Dean. The panel has only recently commenced its work and has just released its first report, (11 September, 2018). Submissions on this first report were called for and the Trust has made a lengthy submittion, (23 October, 2018).

RECENT IEA REVIEW FOR NZ

Summary of the 2017 IEA Review of Electricity Companies in NZ

Chair's Corner

AGM

Trustee Elections 2017

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