New Zealand Gazette – 2006 – No. 123

Page 3604

✨ Electricity Policy



3604 NEW ZEALAND GAZETTE, No. 123 30 OCTOBER 2006

Statutory objectives for the Electricity Commission

1 The Government has amended the Electricity Act 1992 to set the following principal objectives for the Electricity Commission:

• ensure that electricity is produced and delivered to all classes of consumers in an efficient, fair, reliable, and environmentally sustainable manner and

• promote and facilitate the efficient use of electricity.

2 Consistent with those principal objectives, the Commission is required by the Act to seek to achieve the following specific outcomes:

a energy and other resources are used efficiently

b risks (including price risks) relating to security of supply are properly and efficiently managed

c barriers to competition in electricity are minimised for the long-term benefit of end-users

d incentives for investment in generation, transmission, lines, energy efficiency, and demand-side management are maintained or enhanced and do not discriminate between public and private investment

e the full costs of producing and transporting each additional unit of electricity are signalled

f delivered electricity costs and prices are subject to sustained downward pressure

g the electricity sector contributes to achieving the Government’s climate change objectives by minimising unnecessary hydro spill, efficiently managing transmission and distribution losses and constraints, promoting demand-side management and energy efficiency, and removing barriers to investment in new generation technologies, renewables and distributed generation.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2006, No 123


Gazette.govt.nz — PDF NZ Gazette 2006, No 123




✨ LLM interpretation of page content

🏛️ Statutory Objectives for the Electricity Commission (continued from previous page)

🏛️ Governance & Central Administration
Electricity, Commission, Objectives, Sustainability, Competition, Investment