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Business Competition media releases

December 2002

Commission says electricity arrangement does not require authorisation

23 December 2002

The Commerce Commission has declined to authorise an arrangement following an application by The Marketplace Company Limited, the market administrator of the New Zealand Electricity Market (NZEM). The arrangement would require, after a delay of 14 days, the disclosure of bids to purchase electricity and offers to sell electricity through the NZEM. Bids and offers are currently disclosed after a delay of four weeks.

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Commerce Commission: Preussag, Shell and Todd apply for restrictive trade practice authorisation

23 December 2002

Three parties, Preussag Energie, Shell Exploration and Todd Petroleum Mining, have applied to the Commerce Commission for authorisation to enter into arrangements to jointly market and sell gas produced from the Pohokura field off the Taranaki coast.

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November 2002

Commerce Commission releases draft determination on New Zealand Electricity Market authorisation application

1 November 2002

The Commerce Commission has today released a draft determination in relation to an application by The Marketplace Company Limited, the market administrator of the New Zealand Electricity Market (NZEM). The application was for authorisation of an arrangement that would require, after a delay of 14 days, the disclosure of bids to purchase electricity and offers to sell electricity through the NZEM. Bids and offers are currently disclosed after a delay of four weeks.

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October 2002

Commerce Commission releases full decision on self-governance rulebook for electricity industry

22 October 2002

The Commerce Commission today released its written reasons to authorise a set of arrangements in the form of a rulebook for the self-governance of the electricity sector, as announced last month.

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September 2002

Commerce Commission authorises self-governance rulebook for electricity industry

30 September 2002

The Commerce Commission today authorised proposed new arrangements in the form of a rulebook for self-governance of the electricity industry. The authorisation is subject to four conditions and will expire four years from the date of the implementation of the rulebook, or on 31 March 2007, whichever is the earlier.

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Electricity update: Commission to extend consultationon EGB authorisation

2 September 2002

The Commerce Commission is inviting submissions from interested parties

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August 2002

Fletcher Concrete receives Commerce Commission warning: behaviour at risk of breaching the Commerce Act

12 August 2002

Following a Commerce Commission investigation, Fletcher Concrete and Infrastructure Limited (Fletcher Concrete), previously trading as Firth Industries Limited and The Golden Bay Cement Company Limited, has received a warning over its activities in the cement and ready-mixed concrete markets. The Commission warned Fletcher Concrete that below-cost pricing by Firth risked breaching the Commerce Act.

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June 2002

Electricity Governance Board : conference details

11 June 2002

The Commerce Commission will hold a five day conference on Wednesday 12 - Friday 14 June, and Wednesday 19 - Thursday 20 June, on its draft determination relating to an application by the Electricity Governance Board for authorisation of an arrangement that proposes to restructure the basis under which electricity is raded.

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May 2002

The Marketplace Company applies to Commerce Commission for authorisation

28 May 2002

The Market Administrator of the New Zealand Electricity Market (The Marketplace Company) has applied to the Commerce Commission for authorisation of a proposed arrangement that will increase the amount of information available to market participants in the wholesale electricity market.

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Pharmacy Guild withdraws application for authorisation

17 May 2002

The Pharmacy Guild of New Zealand (Inc) has withdrawn its application to the Commerce Commission for authorisation of a restrictive trade practice.

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April 2002

Commerce Commission releases draft determination on EGBL authorisation application

26 April 2002

The Commerce Commission has today released a draft determination in relation to an application by the Electricity Governance Board Limited (EGBL) for authorisation of an arrangement that proposes to restructure the basis under which electricity is traded.

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Commerce Commission releases draft determination on Pharmacy Guild authorisation application

26 April 2002

The Commerce Commission has today released its draft determination in relation to an authorisation application by the Pharmacy Guild of New Zealand (Inc) (the Guild).

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Update on Electricity Governance Board authorisation

15 April 2002

The Commerce Commission is currently considering an application by the Electricity Governance Board Limited for authorisation of proposed arrangements that will restructure the basis under which electricity is traded.

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February 2002

Commerce Commission receives application from Hewlett-Packard to acquire Compaq Computer Corporation

14 February 2002

The Commerce Commission has received an application from Hewlett-Packard Company to acquire the whole of the issued share capital of Compaq Computer Corporation.

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Giltrap City Toyota to pay $150,000 for price fixing

5 February 2002

The Auckland High Court has ordered Giltrap City Limited, trading as Giltrap City Toyota,to pay a pecuniary penalty of $150,000 for price fixing in breach of the Commerce Act.

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