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Competition in NZ supermarkets needs intervention and innovation

Competition in NZ supermarkets needs intervention and innovation
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Covid-19 had minor impact on Electricity Invercargill Ltd s end of financial year result

The reduction in surplus is due to the fall of line charge prices in accordance with the Allowable Notional Revenue levels set by the Commerce Commission, partially offset by lower operating expenses and finance costs, the report says. A change in accounting treatment of Southern Generation Limited Partnership Power Purchase Agreement resulted in the restatement and decrease of 2020 Share of Profit of Associates and Joint Ventures by $2.45m. Throughout the year, EIL’s total capital investment was $4.3 million, and a further $1.6 million was spent on maintenance. Among the work underway is a 23MVA single transformer substation, near Elizabeth Park in Invercargill, which is in the process of being seismically strengthened and upgraded to a dual transformer substation to cater for forecasted electricity load increases and to provide a more resilient supply.

Business Scoop » Commission Consults On Transpower Proposal To Invest $15 8m In South Auckland Network

Press Release – Commerce Commission The Commerce Commission has released for consultation a draft decision allowing Transpower to spend an additional $15.8 million upgrading its transmission network to meet increasing demand for electricity in South Auckland. The proposed investment … The Commerce Commission has released for consultation a draft decision allowing Transpower to spend an additional $15.8 million upgrading its transmission network to meet increasing demand for electricity in South Auckland. The proposed investment is to replace conductors on the Otahuhu-Wiri transmission line and enhance the towers and foundations required to support the new conductors. Commission Deputy Chair Sue Begg said the Commission’s role as a regulator is to ensure that Transpower invests appropriately in its transmission network for the long-term benefit of electricity users.

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