Commerce Commission increases oversight of Wellington water provider Tiaki Wai
The Commerce Commission has tightened scrutiny over Wellington's water entity Tiaki Wai, stopping short of imposing price controls.
The Commerce Commission has increased its oversight of Tiaki Wai, the entity managing Wellington's water supply. The decision involves imposing performance requirement rules rather than direct price controls. Tiaki Wai said it had been open with ratepayers about the need for prices to rise.
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RNZ
Commerce Commission tightens scrutiny over Tiaki Wai
Commerce and Consumer Affairs Minister Cameron Brewer was considering imposing performance requirement rules on Tiaki Wai.
Stuff
Tiaki Wai welcomes Commission decision that stops short of price controls for Wellington’s water entity
Tiaki Wai said in response to the Commerce Commission’s decision that it had been “open” about telling ratepayers that “prices will need to rise”.