31 MAY 2007

NEW ZEALAND GAZETTE, No. 58

1509

(b) the addition of a new Schedule F2 to Section II of
Part F of the Rules, setting out the Benchmark
Agreement for the purposes of Rule 4 of Section II
of Part F;

(c) amendments to Sections I, II, III and IV of Part F
of the Rules associated with the Benchmark
Agreement;

(d) the addition of a new Section VI to Part F of the
Rules to provide for rules relating to interconnection
services;

(e) the addition of a new Section VII to Part F of the
Rules to establish rules to provide for the making of
an Outage Protocol; and

(f) amendments to Part A of the Rules to add new
definitions related to the above Rule amendments.

Recommended Amendment to the Rules

4. The recommended amendments to the Rules to
   insert the Commission’s proposed Benchmark Agreement,
   Interconnection Rules and Outage Protocol Rules in Part F
   of the Rules and the other proposed amendments were part of
   an integrated package to provide for the regulation
   of transmission services.

5. A copy of the Commission’s recommendation and
   assessment is available, at no cost, on the Commission’s
   website
   http://www.electricitycommission.govt.nz/Rulesandregs/recommend

Dated at Wellington this 22nd day of May 2007.
For and on behalf of the Electricity Commission:
PETER HARRIS, Deputy Chair.
au3523

Electricity Governance Regulations 2003

Electricity Governance Regulations (Exemption
No. 44 (Pricing Manager)) Exemption Notice 2007

Pursuant to Regulation 194(2) of the Electricity
Governance Regulations 2003, the Electricity Commission
(“Commission”) gives the following notice.

Notice

1. Title and commencement—(1) This notice is the
   Electricity Governance Regulations (Exemption No. 44
   (Pricing Manager)) Exemption Notice 2007.

(2) This notice comes into force on the day after the date it
is notified in the New Zealand Gazette.

2. Exemption—The Pricing Manager is exempted from
   compliance, to the extent set out below, with Rules 3.1 and
   3.4 of Section V of Part G of the Electricity Governance
   Rules 2003 (“Rules”).

3. Terms and conditions—This exemption is granted on
   the following conditions:

(a) It only applies in respect of trading period 37 on
29 April 2007;

(b) the Pricing Manager must calculate final prices and
final reserve prices for trading period 37 on 29 April
2007 by using the methodology and inputs required
under the Rules, except that:

(i) the transmission security constraint that has
bound in that trading period, the MGM WDV
1 MGM OTAS DISABLED S P 1B group
constraint, will be relaxed by applying the
greater of 1 MW or 1% of that transmission
security constraint in that trading period to the
maximum flow limit of the transmission security
constraint; and

(ii) for the purposes of this exemption, a
transmission security constraint is a flow
limit covered by Rule 5.4(a) or Rule 5.4(c) of
Schedule G6 of Part G of the Rules, including
any adjustments that have been made in
accordance with paragraphs (d) and (f) of Rule
4.2 of Schedule G6 of Part G of the Rules, but
excluding a flow limit set in relation to the
HVDC link; and

(c) the Pricing Manager must publish final prices and
final reserve prices within two business days of this
exemption coming into force;

(d) in all other respects, the Pricing Manager must
calculate and publish final prices and final reserve
prices, for trading period 37 on 29 April 2007, in
accordance with the processes and requirements set
out in the Rules;

(e) upon the Pricing Manager publishing the final prices
and final reserve prices, for trading period 37 on
29 April 2007, in accordance with this exemption,
those prices shall be the final prices and final reserve
prices for trading period 37 on 29 April 2007 for all
purposes under the Rules; and

(f) it expires on the day after the date upon which the
final prices and final reserve prices are published,
in accordance with the conditions set out above, in
respect of trading period 37 of 29 April 2007.\n
4. Reasons for granting the exemption—The reasons for
granting this exemption are:

(a) On 30 April 2007, the Commission delayed the
publication of final prices and final reserve prices in
accordance with Rule 3.28 of Section V of Part G of
the Rules;

(b) the prices for this trading period were extreme, both
high and low;

(c) these extreme prices would otherwise have a
significant impact on some participants;

(d) although on 1 March 2007 the Minister published a
notice in the New Zealand Gazette, making an
amendment to the Rules to introduce a mechanism
to resolve high spring washer price situations such
as this, the amendment does not come into force
until 3 September 2007; and

(e) the Commission considers that it would be
appropriate for prices for the trading period to
be calculated in the manner specified in clause 2 of
this notice, rather than in the manner set out in the
Rules.

Dated at Wellington this 29th day of May 2007.
For and on behalf of the Electricity Commission:
PETER HARRIS, Deputy Chair.
au3687

Environmental Risk
Management Authority

Hazardous Substances and New Organisms
Act 1996

Determination of New Organism

Pursuant to section 26 of the Hazardous Substances and New
Organisms Act 1996, the Environmental Risk Management
Authority hereby determines that