1. This notice of a recommendation and assessment concerning the Electricity Governance Rules 2003 ("Rules"), Rule Amendment Proposal No. 140, 2008, is issued by the Electricity Commission ("Commission") pursuant to section 172E(2)(c) of the Electricity Act 1992 ("Act").
2. The Act provides that, no later than 10 working days after making a recommendation to the Minister of Energy and Resources ("Minister") concerning the Rules, the Commission must publicise the recommendation and
the assessment completed under section 172F of the Act.
Recommended Amendments to the Rules
3. On 25 March 2009, the Commission recommended that Part A be amended.
4. The recommended amendments to the Rules were
to provide a process by which a participant ("participant A"), with the agreement of another participant ("participant B"), and with the approval of the Commission, can take on all the rights and obligations of participant B as a purchaser or a payer under Parts C, G and H of the Rules (which relate to the electricity wholesale market).
5. A copy of the Commission's recommendation and assessment is available, at no cost, on the Commission's website at
http://www.electricitycommission.govt.nz/rulesandregs/recommend
Dated at Wellington this 25th day of March 2009.
For and on behalf of the Electricity Commission:
DAVID CAYGILL, Chair.