1. This notice of a recommendation and assessment concerning the Electricity Governance (Interim Pricing Period) Amendment Rules 2010 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 Electricity Governance Rules 2003 ("Rules"), the Commission must publicise the recommendation and the assessment under section 172F of the Act.
Recommended Amendments to the Rules
3. On 12 July 2010 the Commission recommended that Parts A and G of the Rules be amended.
4. The recommended amendments to the Rules are the addition of rules to Part A and Part G for the introduction of an interim pricing period. During this period interested parties will be able to view prices before they are finalised. If they consider that an error may have been made in their calculation they will be able to apply to have it corrected.
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/rulesand
regs/recommend/index.html
Dated at Wellington this 13th day of July 2010.
For and on behalf of the Electricity Commission:
DAVID CAYGILL, Chair.