Horizon Energy Distribution Limited
Horizon Energy Distribution Limited breached section 87(1)(a) of the Commerce Act by recovering more revenue than it was entitled to under its Price Path for the 2012 Assessment Period. Horizon Energy Distribution Limited agreed to set its prices for the 2016 Assessment Period so that its Notional Revenue is less than its Allowable Notional Revenue in the 2016 Assessment Period by at least $727,934. Horizon Energy Distribution Limited also agreed to factor an additional reduction of at least $10,000 into its prices for the 2016 Assessment Period.
Case Details
Parties
Horizon Energy Distribution Limited
Category
Regulation
Sub-category
Act/Section
Commerce Act 1986 87(1)(a)
Industry
Electricity, gas, water, and waste services
Status
Closed
Outcome
Settlement
Case Number
Date opened
02 March 2015
Date closed
02 March 2015
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