Deputy chair Sue Begg said the commission and the authority had a shared focus on ensuring electricity markets were working well and the regulatory environment supported the best possible outcomes for consumers in the long term.
“New technologies such as network batteries, solar panels and electric vehicle chargers present new opportunities for the sector. We want to better understand lines companies’ incentives to invest in these new technologies and the impact these investments will have on consumers in the long term,” Begg said.
“Our aim is to ensure our collective regulatory tools are appropriate and flexible enough to incentivise innovation and promote competition in emerging services.”
The terms of reference for the project are available on the Commission’s website.
As part of the Input Methodologies review, the Commerce Commission indicated it would need to increase its knowledge and understanding of emerging-technology related developments and, subsequently a project was launched to gather information on the impact of emerging technologies in monopoly parts of the electricity sector.