Vector has backed down on its plan to sell and lease back assets after the Commerce Commission found it would cost consumers millions of dollars over the coming decades.
A Commerce Commission investigation has led to a backdown by New Zealand’s largest electricity distribution business, Vector, on moves that would have cost
An investigation by New Zealand competition regulator, The Commerce Commission, has led to a backdown by New Zealand’s largest electricity distributio.
Vector has received a warning letter from the Commerce Commission for attempting to artificially boost the value of assets so that price increases for power could be imposed.
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