New Zealand Gazette – 2004 – No. 139

Page 3465

✨ Electricity Policy and Revocation



29 OCTOBER 2004 NEW ZEALAND GAZETTE, No. 139 3465

16 Distribution companies should be able to recover reasonable costs relating to their role under this policy statement.

Design issues

17 Design options considered by the Commission should specify (inter alia):

i The nodes to which FTRs should be allocated;

ii The methodology for offering an allocation of FTRs to distribution companies and Transpower’s direct connect off-take customers;

iii Whether particular customers who pay for the sunk costs of specific assets should also be offered an allocation of FTRs relating to that asset;

iv The price, if any, to be paid for an FTR allocation;

v The hub or hubs (or a methodology for determining the hub or hubs) from which allocated FTRs will be defined;

vi A mechanism for approving the appointment of an agent by a distribution company;

vii Methodologies for passing through rental-related and FTR-related cash flows from distribution companies to the distribution companies’ customers, retailers, and/or end users;

viii A process for deciding which FTRs allocated to distribution companies may or should be offered into the FTR auction, and a process for setting reserve prices. These processes should be consistent with the guiding principles for an FTR market, and in particular they should have due regard to promoting competition between retailers, and to ensuring an efficient FTR auction;

ix The role, if any, of FTRs defined from generation nodes to a hub;

x A mechanism by which allocations may be adjusted in response to changing circumstances, such as new network investment;

xi The timing of the initial FTR allocation and auction; and

xii The way in which FTRs are used to facilitate new transmission investment.

The Government Policy Statement ends here.

Revocation

The statement of Government policy entitled "Statement to the Commerce Commission of the Economic Policy of the Government: Further Development of New Zealand’s Electricity Industry" transmitted by the Minister of Commerce, Paul Swain, on 17 February 2002 and published in the New Zealand Gazette of 28 February 2002 at pages 535 to 542 is hereby revoked.

Signed at Wellington this 19th day of October 2004

Hon. Pete Hodgson
Minister of Energy

Hon. Margaret Wilson
Minister of Commerce



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2004, No 139


Gazette.govt.nz — PDF NZ Gazette 2004, No 139




✨ LLM interpretation of page content

🏛️ Government Policy Statement on Electricity Governance (continued from previous page)

🏛️ Governance & Central Administration
1 October 2004
Electricity, Governance, Policy, Sustainability, Economic Growth, Consumer Protection, Efficiency, Wholesale Market, Conveyance, End-use, Security of Supply, EECA, Electricity Commission, Reserve Energy, Levy, Regulations, Review, Co-ordination, Outages, System Operation, Hedge Market, Financial Transmission Rights, Transmission, Transmission Services, Grid Reliability, Grid Rules, Transpower, Grid Reliability Standards, Transmission Agreements, Transmission Network, Grid Upgrade Plans, Power Quality Standards, Reliability Standards, Grid Assets, Connection Terms, Pricing Methodologies, Revenue Recovery, Distributed Generation, Access to Lines, Surplus Generation, Purchase Terms, Retail competition, Retailers, Service quality, Generation costs, Competition, Market entry, Tariff schedules, Contractual arrangements, Distribution line losses, Electricity meters, Retail services, Market areas, Switching suppliers, Hedges, Vertically integrated generator/retailers

🏛️ Revocation of Previous Electricity Policy Statement

🏛️ Governance & Central Administration
19 October 2004
Revocation, Electricity Policy, Commerce Commission, Economic Policy
  • Hon. Pete Hodgson, Minister of Energy
  • Hon. Margaret Wilson, Minister of Commerce