3004 NEW ZEALAND GAZETTE No. 146

to be members of the Quota Appeal Authority for a term expiring on the 1st day of October 1994.
Dated at Wellington this 7th day of October 1993.
DOUG KIDD, Minister of Fisheries.

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Commerce

Business Development Boards Act 1991

Notice of Appointment of Member of the Aorangi Business Development Board

Pursuant to section 11 of the Business Development Boards Act 1991, the Minister of Business Development is pleased to appoint

Wikitoria Suvia Baker, consultant of Temuka

as a member of the Aorangi Business Development Board for the period commencing on the date of this notice and expiring with the close of the 31st day of January 1994.

Dated at Wellington this 14th day of October 1993.
ROGER F. H. MAXWELL, Minister of Business Development.

6o8753

Notice of Appointment of Member of the King Country Taupo Business Development Board

Pursuant to section 11 of the Business Development Boards Act 1991, the Minister of Business Development is pleased to appoint

Timoti Morehu Te Heuheu, tribal affairs trustee of Taupo

as a member of the King Country Taupo Business Development Board for the period commencing on the date of this notice and expiring with the close of the 31st day of January 1994.

Dated at Wellington this 14th day of October 1993.
ROGER F. H. MAXWELL, Minister of Business Development.

6o8754

Notice of Appointment of Member of the Wellington Business Development Board

Pursuant to section 11 of the Business Development Boards Act 1991, the Minister of Business Development is pleased to appoint

Howard Te Rangiriri Mitchell Harris, retired of Wellington

as a member of the Wellington Business Development Board for the period commencing on the date of this notice and expiring with the close of the 31st day of January 1994.

Dated at Wellington this 14th day of October 1993.
ROGER F. H. MAXWELL, Minister of Business Development.

6o8755

Notice of Appointment of Member of the Southland Business Development Board

Pursuant to section 11 of the Business Development Boards Act 1991, the Minister of Business Development is pleased to appoint

Kenneth Douglas Connell, company manager of Invercargill

as a member of the Southland Business Development Board for the period commencing on the date of this notice and expiring with the close of the 31st day of January 1994.

Dated at Wellington this 14th day of October 1993.
ROGER F. H. MAXWELL, Minister of Business Development.

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Commerce Act 1986

Statement to the Commerce Commission of the Economic Policy of the Government: Electricity Transmission

To the Commerce Commission

Pursuant to section 26 of the Commerce Act 1986, I hereby transmit to the Commerce Commission a statement of the economic policy of the Government in relation to markets for the transmission of electricity.

Overall Energy Policy Objective

The Government’s energy policy objective is to ensure the continuing availability of energy services, at the lowest cost to the economy as a whole, consistent with sustainable development.

Objective for Trans Power

The Government’s objective for Trans Power (as a company independent of ECNZ) is as follows:

Trans Power and its subsidiaries shall operate as a sustainable business while:

i Providing an efficient, reliable and secure national grid at least costs;

ii Providing access on a transparent non-discriminatory basis to the national grid to all existing and potential customers;

iii Pricing and contracting for transmission services in a way which best promotes efficient use of energy and economic resources by Trans Power and by users of the national grid;

iv Providing information which facilitates efficient and co-ordinated investment decisions by Trans Power and by users of the national grid;

v Earning a commercially appropriate return having regard to the risk of the business.

Particular Policies with respect to Transmission Contracts

The method adopted for pricing and contracting for transmission will be an important factor in influencing the efficiency of resource use in the energy sector. In particular, the Government wishes to avoid pricing methodologies that create incentives to invest in generation facilities that avoid transmission charges without reducing transmission costs.

The Government considers that the following principles are important in ensuring efficient use of the national transmission grid:

Transmission Pricing

• That the sunk costs of the transmission grid be allocated in a way that minimises distortions to decision making by grid users. The Government is concerned to avoid incentives for investing in new embedded generation facilities which avoid transmission charges but provide no saving in transmission costs to the national grid.

• That the variable costs incurred in the transmission of electricity (including costs that arise when parts of the transmission grid are constrained) be reflected in prices to grid users, thus providing incentives for users to minimise those costs.

• That the pricing of new and replacement investments in the grid provide grid users with strong incentives to