1. Pursuant to section 172I of the Electricity Act 1992 (“Act”), I notify the amendment of the Electricity Governance Rules 2003 (“Rules”) under section 172H of
the Act.
2. The empowering provision for the electricity governance regulations in relation to which the amendments to the Rules are made is section 172D (1) (1) of the Act.
3. A brief description of the nature of the amendments is that they:
? remove from the Rules the requirement for generators to submit offers for maximum partly loaded spinning reserve and maximum tail water depressed reserve via COMIT;
? allow offers that are made prior to the must-run dispatch auction to be made at zero price;
? remove the “good till cancelled” option on offer and bid forms, as it is made redundant by other existing Rules;
? clarify how generators make additional offers, and ancillary service agents make additional reserve offers, during a grid emergency; and
? correct minor typographical errors.
4. The amendments are made in reliance on section 172F (3) of the Act.
5. Pursuant to section 172Z (4) of the Act, the reasons for my decision to amend the Rules are that the rule changes:
? remove requirements from the Rules that participants are unable to practicably comply with;
? prevent unintended breaches of the Rules;
? remove requirements that are redundant due to other existing Rules;
? remove discrepancies from the Rules; and
? correct minor typographical errors.
6. These Rules come into force on 1 May 2006.
7. Copies of the Rules may be inspected free of charge or purchased from the Electricity Commission, Level Seven, ASB Bank Tower, 2 Hunter Street, Wellington.
The Rules can also be viewed on the Electricity Commission web site:
http://www.electricitycommission.govt.nz
Dated at Wellington this 13th day of March 2006.
DAVID PARKER, Minister of Energy.