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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 li...

Press Release – Commerce Commission The Commerce Commission is encouraging electricity distribution businesses (EDBs) to continue to improve their annual Asset Management Plans (AMPs). In its Reporting of Asset Management Practices paper, published today, the Commission presents a targeted … The Commerce Commission is encouraging electricity distribution businesses (EDBs) to continue to improve their annual Asset Management Plans (AMPs). In its Reporting of Asset Management Practices paper, published today, the Commission presents a targeted review of five key areas of EDBs’ asset man...

But less certain is what if any steps the commission might recommend to increase competition or bring down prices for consumers. Consumer Affairs Minister David Clark said in November when he announced the review that New Zealand had one of the “most concentrated retail grocery markets in the world” and there were indications that competition in the sector had weakened over time. One competition expert believed Countdown and Foodstuffs, which owns the New World, Pak’n Save and Four Square chains, might be in for a surprise. Although not tipped as likely when the review was announced...

The Subcommittee on Consumer Protection and Commerce of the Committee on Energy and Commerce will hold a hybrid legislative hearing that includes both in-person and remote attendance on Wednesday, July 28, 2021, at 10:30 a.m. This hearing will take place in the John D. Dingell Room, 2123 of the Rayburn House Office Building, as well as remotely using Cisco Webex online video conferencing. The hearing is entitled, "Transforming the FTC: Legislation to Modernize Consumer Protection."   

The Commerce Commission has filed High Court proceedings against a consumer finance company for engaging in cartel conduct. Moola's alleged breach of the Commerce Act pre-dates the changes that were made to the law. Photo: 123RF The regulator alleged that Moola reached an agreement with some rivals to not compete for the same ad space on Google. "The Commission also alleges agreements were reached that the companies would negatively match certain keywords," it said. Negatively matching key works prevents certain ads from being triggered by a certain word or phrase, which stops them from bein...