✨ Electricity Distribution Thresholds Notice
31 MARCH NEW ZEALAND GAZETTE 949
EXPLANATORY NOTE
The purpose of this Gazette notice is to—
(a) set thresholds for the declaration of control in relation to lines businesses (other than Transpower New Zealand Limited) for the 5 years beginning 1 April 2004, pursuant to section 57G of the Commerce Act 1986; and
(b) require those businesses, pursuant to sections 57T and 57U of that Act, to each publicly disclose and publish on the Internet (and send to the Commission) a threshold compliance statement stating whether or not they have complied with the thresholds set in this notice and providing supporting evidence. The threshold compliance statement is to be accompanied by both an auditor’s report and a directors’ certificate.
The Commission, having conducted a comprehensive process of consultation, has decided to set two thresholds – a price path threshold and a quality threshold. These two thresholds will underpin the achievement of the purpose of the targeted control regime.
The thresholds for declaration of control in relation to Transpower New Zealand Limited for the regulatory period beginning 1 July 2004 are to be set by a separate notice.
The Commission’s thresholds are a screening mechanism. The Commission is required to assess one or more lines businesses and identify those that breach the thresholds and may further investigate their performance. Further investigation may lead to control of one or more lines businesses.
Copies of this notice are available for inspection free of charge at the Commission (during ordinary office hours) and on the Internet, or for purchase at a reasonable price at the Commission.
Further detail regarding the thresholds for the declaration of control in relation to large electricity lines businesses (including in relation to the X factors for distribution businesses) can be found in a Decision Paper, Regulation of Electricity Lines Businesses, Targeted Control Regime, Threshold Decisions (Regulatory Period Beginning 2004), published by the Commission.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2004, No 37
Gazette.govt.nz —
NZ Gazette 2004, No 37
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Electricity Distribution Thresholds Notice 2004
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🏭 Trade, Customs & Industry31 March 2004
Commerce Act, Electricity Distribution, Thresholds, Definitions, Specified Services, SAIFI, SAIDI, Interruptions, Transmission, Distribution