Submission on Electricity Authority’s Internal transfer prices

FinCap welcomes the opportunity to comment on the Electricity Authority’s Internal transfer prices and segmented profitability reporting Consultation Paper.

FinCap strongly supports the Electricity Authority introducing mandatory and robust reporting requirements for internal transfer pricing, segmented retail profitability with granular detail on a range of geographies (as issues with pricing could be specific to communities) and any other measures that will provide greater transparency as to whether electricity markets are delivering outcomes in the interests of communities.

These actions would increase our trust and confidence that electricity markets are delivering fair pricing to whānau who are facing energy hardship or that systemic issues requiring reform will be appropriately identified and publicly disclosed.