New Commercial Radio Advertising Code Replaces Standard

Mar 20, 2013

The Australian Communications and Media Authority (ACMA) have registered a new commercial radio advertising code that requires advertisements on commercial radio to be distinguishable to listeners as advertising.  This decision follows ACMA’s decision in 2011 that the standard would be revoked in the commercial radio industry presented a code of practice that provided appropriate community safeguards.  The media release from ACMA is available here.

CEG Asia Pacific advised Commercial Radio Australia (CRA) on the review of Commercial Radio Standards.  CEG’s 2011 report is available here.

AER Issues Final Decision on the Victorian Gas Price Reviews

Mar 15, 2013

The Australian Energy Regulator (AER) has released its Final Decisions on the price reviews for the three Victorian gas distribution service providers SP AusNet, Envestra and MultiNet and the gas transmission service provider, APA GasNet.  The decision determines prices for the Victorian gas distribution and transmission networks for the next five years.  The decision results in a slight reduction for prices charged by all businesses except Envestra.  The AER final decision is available here.

CEG Asia Pacific advised the Victorian gas distribution and transmission service providers on the weighted average cost of capital (WACC).  

Review of the Regulatory Framework for Telecommunications Services To Begin Immediately

Feb 8, 2013

New Zealand Communications and Information Technology Minister Amy Adams has announced that the scheduled reviews of the regulatory framework for telecommunications services are to begin immediately.  The first review relates to the Telecommunications Service Obligations (TSO) required under section 101A of the Telecommunications Act 2001.  The second review is wider in scope and involves the policy framework for regulating telecommunications services in New Zealand.  The media statement from the Minister is available here.

Chorus has welcomed the Minister’s announcement to bring forward a review of the regulatory framework.  Chorus’ media statement is available here.

CEG Asia Pacific is an economic adviser to Chorus.

CEG Asia Pacific Conducts Economic Review of Electricity Authority's Proposed Changes to the Transmission Pricing Methodology

Feb 8, 2013

The Electricity Authority (EA) in New Zealand has proposed material changes to the Transmission Pricing Methodology (TPM). Most significantly, it plans to merge the high voltage direct current (HVDC) link and interconnection charges and to recover a proportion of the required revenue from parties deemed to be ‘private beneficiaries’ of certain investments. It proposes to use this ‘beneficiaries pays’ approach to set prices for new assets and for investments made since May 2004 exceeding $2 million. This already encompasses a significant proportion of the grid and, in time, will capture all of it.

CEG Asia Pacific was commissioned by Transpower New Zealand to conduct the economic review.  CEG’s report is available here.

CEG economists in 2013 International Who's Who List of Economists

Jan 10, 2013

CEG's Mike Dunbar, Nils von Hinten Reed,  Tom Hird,  Jason Ockerby and Barbara Veronese have been included in Global Competition Review's International Who's Who list of Lawyers and Economists 2013.

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