Commerce Commission’s draft decisions on review of rules for regulated services

Published on : Thursday, June 16, 2016

unnamed (1)Auckland Airport has received the Commerce Commission’s draft decisions for consultation on its review of input methodologies – the rules, requirements and processes that apply to electricity, gas and airport services, which the Commission regulates under Part 4 of the Commerce Act.

 
Phil Neutze, Auckland Airport’s chief financial officer, says, “Auckland Airport welcomes the continued recognition by the Commerce Commission that it does not set pricing for airport services and that its focus is on ensuring there is transparency in relation to the pricing decisions made by the airports.”

 
“The Commission is proposing that it will publish a mid-point weighted average cost of capital, or WACC, and a standard error estimate. If a regulated airport’s targeted return differs from the Commission’s WACC estimate, the airport would then have to provide an explanation and disclose evidence to justify the difference.”

 
“We understand this approach would provide flexibility to take into account different contextual factors, including the risk profile of different projects.”“We await the Commission’s publication next week of the full draft amended input methodologies determinations and the draft amended airports information disclosure determination, as well as the report presenting the more detailed findings of the review. Auckland Airport intends to make a submission on the draft decisions,” says Mr Neutze.

 

Source:-Auckland Airport

Tags: ,

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 03 itb-asia 2017
  • 04 Imex America 2017
  • 10 Globalwellnesssummit 2017
  • 10 thehotelshow 2017
  • 11 AHIF 2017
  • 11 hospitalityaward 2017
  • 12 theleisureshow 17
  • 12 TTF17
  • 13 Frontiers Forum 2017
  • 14 bltm 2017
  • 14 patatravelmart 2017
  • 14 Seatrade-Europe 2017
  • 15 amsummit-ind 2017
  • 15 leisure 17
  • 16 Aviation Festival 2017
  • 16 OTDYKH 2017
  • 16 SKAL 17
  • 17 thincindonesia 2017
  • 17 worldmiceday 2017
  • 18 worldmiceday 2017
  • 19 IITM
  • 19 itehcmc 2017
  • 19 TTG Incontri 2017
  • 20 hmasummit  2017
  • 21 hoteltechhk 17
  • 43 PATA

TRAVEL INDUSTRY EVENTS

Get our toolbar!
Review www.travelandtourworld.com on alexa.com