1. This notice of a recommendation and assessment concerning the Electricity Governance Rules 2003 ("Rules"), Rule Amendment Proposal No. 110, 2007, is issued by the Electricity Commission ("Commission"), established under the Electricity Act 1992 ("Act"), pursuant to section 172E(2)(c) of that Act.
2. Section 172E(2)(c) of the Act provides that, no later than 10 working days after making a recommendation concerning the Rules to the Minister of Energy, the Commission must publicise the recommendation and the assessment completed under section 172F of the Act.
Recommendation
3. On 15 February 2007, the Commission made a recommendation that various rules in Part A and Section V of Part G of the Rules be amended.
Recommended Amendment to the Rules
4. The recommended amendments to the Rules:
(a) define a high spring washer prices situation ("HSWPS");
(b) introduce a process whereby a HSWPS can be detected;
(c) allow for the publication of provisional prices whenever such situations are detected;
(d) allow for the relaxation of associated security constraints; and
(e) allow for the publication of final prices based on revised constraint data.
5. A copy of the Commission's recommendation and assessment is available, at no cost, on the Commission's website:
http://www.electricitycommission.govt.nz/rulesandregs/recommend
Dated at Wellington this 15th day of February 2007.
For and on behalf of the Electricity Commission:
PETER HARRIS, Deputy Chair.