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Aotearoa New Zealand Infrastructure Strategy

  • Updated February 11, 2025

ENA submission to the New Zealand Infrastructure Commission about the Infrastructure Strategy consultation. The submission emphasises the need for a flexible and supportive planning and funding regime to enhance electricity infrastructure capabilities, and advocates for reforms that promote decarbonisation and improve electricity distribution businesses' responsiveness to regulatory changes.

Appendix B for the ENA submission on the Input Methodologies review draft decision

  • Updated February 7, 2025

This is appendix B to the ENA submission to the Commerce Commission about addressing multiple issues with the current Input Methodologies (IM) draft decision, primarily focusing on proposing reforms to the Weighted Average Cost of Capital (WACC) methodology. The submission criticises the interpretation of evidence around the debt tenor anomaly, corrects errors in Term Credit Spread Differential (TCSD) estimates, and discusses the implications of RAB indexation, issuance costs, and percentile considerations.

Appropriations 22-24

  • Updated February 11, 2025

ENA submission to the Electricity Authority about the proposed levy-funded appropriations for 2022/23 and 2023/24. The submission discusses the need for detailed work programmes and budget justifications to support significant increases in expenditure, while also emphasising the importance of rebuilding institutional capacity within the Authority.

Aurora WACC change

  • Updated February 7, 2025

ENA submission to the Commerce Commission about aligning the Weighted Average Cost of Capital (WACC) rate to the Default Price-Quality Path (DPP4) rate from 1 April 2025. This alignment is seen as a pragmatic step to reduce the incentives not to apply for Customized Price-Quality Paths (CPPs) due to fears of exposure to different WACC rates.