Electricity Authority welcomes Electricity Price Review (EPR) report
The Authority welcomes the Government’s response to the Electricity Price Review’s final report released today.
“This is a thorough and comprehensive response to the EPR’s recommendations.”
“We welcome the focus on improving consumer outcomes and making sure the right regulatory arrangements are in place to
support New Zealand's transition to a low carbon economy.” Says the Authority’s Chief Executive, James
Stevenson-Wallace.
“We want to make sure consumers have access to a reliable and secure electricity supply at the right price. We’re
working hard to make sure the regulatory settings are in the long-term benefits of consumers. We know we can do better
and we agree more can be done to put the consumer at the centre of regulatory decisions.
Mr Stevenson-Wallace says, “The final EPR report and Government response reinforces the Authority’s work programme.
“We have multiple initiatives underway that address many of the EPR recommendations. These include improving access to
information and data, enabling new technologies and business models across the electricity sector and enhancing
competition.
“The Authority knows competition is important and gives consumers more choice. We’ve been actively encouraging New
Zealanders through the What’s My Number campaign to check and switch to a new provider if they can get a better power
deal. We know we can make it easier for consumers by reducing duplication and focusing on information consumers need to
make the best choice for them.”
Mr Stevenson-Wallace says some of the recommendations concern other priority Authority projects which are in progress
and need some time to work through the implications of the Government’s response.
“There’s a lot to consider and we’ll be discussing the final report and response with our Board and staff over the next
few days. The response confirms our work programme is focused on the right areas. We now need to move at pace, while
making sure any changes are in the best interests of New Zealand electricity consumers.”
More information about the Electricity Authority’s work programme is on our website.
ends