452 NEW ZEALAND GAZETTE No. 1

Day after being put in the post, addressed to the intended recipient.

8.3 Address for ECNZ:

The address of ECNZ (unless otherwise in accordance with clause 8.2) shall be as follows:

Electricity Corporation of New Zealand Limited
P O Box 930
WELLINGTON

Facsimile Number: (04) 499-1363

Attention: General Manager - Marketing

[Date]

PRICING SCHEDULE

1. INTERPRETATION

In this Schedule, unless the context otherwise requires:

“AC Factor” means the appropriate AC location factor for the busbar at which the relevant Point of Output Connection is situated as specified in Appendix B. In the event of disagreement as to the busbar at which the Point of Output Connection is situated, the decision of ECNZ shall be final;

“Billing Period” means a Month unless:
(a) supply under these Conditions commences part way through a normal billing period in which event the first billing period shall be the broken period from the date such supply commences until midnight on the last day of the first Month; or
(b) supply under these Conditions terminates part way through a normal billing period in which event the last billing period shall be the broken period commencing at the end of the previous billing period and terminating on termination of supply;

“Pool Price Margin” means the relevant Pool Price Margin calculated in accordance with paragraph 4;

“Standard Price” means the price calculated in accordance with paragraph 3;

“Weekly Notified Charge” means the relevant energy charge at the Haywards or Benmore reference points, as the case requires, for each Half Hour in the week as published in advance for that week by ECNZ;

“Year Ahead Price” means the relevant charge for each Half Hour calculated in the Table in Appendix A.

2. PRICING

The amount payable by the Purchaser to ECNZ for the supply of Electricity during any Billing Period shall be the sum of:

(a) the quantities deemed to be taken by the Purchaser at each Point of Output Connection during each Half Hour of the Billing Period multiplied by the relevant Standard Price for that Half Hour at that Point of Output Connection; plus

(b) the quantities deemed to be taken by the Purchaser at each Point of Output Connection during each Half Hour of the Billing Period multiplied by the relevant Pool Price Margin for that Half Hour.

3. STANDARD PRICE

For the purposes of paragraph 2, the Standard Price for a Point of Output Connection in the North Island for each Half Hour during each Billing Period shall be calculated as follows:

SP_h = P_h × AC

Where:
SP_h = Standard Price for that Half Hour at Haywards in the case of a Point of Output Connection in the North Island

P_h = the greater of:
(a) EP_yh; and
(b) EW_wh

EP_yh = Year Ahead Price for that Half Hour at Haywards

EW_wh = Weekly Notified Charge for that Half Hour at Haywards

AC = AC factor for the Point of Output Connection at which Electricity is drawn off from the National Grid

3.2 For the purposes of paragraph 2, the Standard Price for a Point of Output Connection in the South Island for each Half Hour during each Billing Period shall be calculated as follows:

SP_b = P_b × AC

Where:
SP_b = Standard Price for that Half Hour at Benmore in the case of a Point of Output Connection in the South Island

P_b = the greater of:
(a) EP_yb; and
(b) EW_wb

EP_yb = Year Ahead Price for that Half Hour at Benmore

EW_wb = Weekly Notified Charge for that Half Hour at Benmore

AC = AC Factor for the Point of Output Connection at which Electricity is drawn off from the National Grid

4. POOL PRICE MARGIN

The Pool Price Margin for each Half Hour during each Billing Period shall be calculated in accordance with the following table:

For Electricity supplied between:

• 2400-0700 hours in each day ... 0.30 cents/kWh
• 0700-2200 hours in each day ... 3.20 cents/kWh
• 2200-2300 hours in each day ... 2.30 cents/kWh
• 2300-2400 hours in each day ... 1.30 cents/kWh

APPENDIX A

Year Ahead Prices

The Monthly Year Ahead Price shall be calculated in accordance with the following table:

Haywards Reference Price

| April 1995 Weekends | |
| 0000 - 0400 | 2.10 c/kWh |
| 0400 - 0800 | 2.11 c/kWh |
| 0800 - 1200 | 2.30 c/kWh |
| 1200 - 1600 | 2.28 c/kWh |
| 1600 - 2000 | 2.31 c/kWh |
| 2000 - 2400 | 2.27 c/kWh |