The Scheme of Control Agreements (SCAs) regulating the privately-owned electricity sector were due to expire in 2018. The SCAs establish how the Environment Bureau (ENB) will review tariffs on an annual basis to ensure tariff adjustments are reasonable. So this represented an opportunity to introduce alternative regulatory tools post-2018. IPA was commissioned to identify and critique the available options.
To provide an independent review of price setting mechanisms (PSMs) IPA: