“Today’s draft report reflects the Commission’s current position on whether or not to recommend control in the gas industry. The Commission issues a draft report to assist understanding of the Inquiry and to add transparency to the Commission’s decision making process,” said Commission Chair Paula Rebstock.
“Based on what we currently know, the Commission’s preliminary view is that NGC Transmission, Maui Development Limited, NGC Distribution, Powerco Limited and Vector Limited all face limited competition in the gas pipeline services they provide and that there are likely to be net benefits to acquirers from the introduction of control,” said Rebstock.
In relation to Wanganui Gas Limited, the Commission’s preliminary view is that it is not necessary or desirable, in the interests of acquirers for the gas pipeline services supplied by Wanganui Gas to be controlled.
In relation to Nova Gas Limited, the Commission’s assessment to date has found that Nova Gas faces workable or effective competition in the market where it provides gas services and has therefore not recommended control in its draft report.
The Commission’s established process includes the release of a draft report, which is followed by a public submission process and conference before the Commission makes its final recommendations to the Minister of Energy.
