Adoption of Efficient Pricing
ADOPTION OF EFFICIENT PRICING
The Electricity Authority has identified the adoption of efficient distribution pricing – which is cost-reflective and serviced-based – as a key area of importance to promote the efficient operation of the New Zealand electricity industry for the long-term benefit of consumers. Electricity industry participants and stakeholders agree that distribution pricing needs to be reviewed to ensure that the structures being employed are fit for purpose and suitable for the widespread introduction of new evolving technologies in the distribution sector. An industry-led approach to distribution pricing reform has been initiated, and as part of this the Electricity Authority has requested that Distributors publish their plans for adopting efficient pricing, followed by regular 6-monthly reports and updates.
Here are BEL’s plans for the adoption of efficient distribution price structure: