✨ Electricity Governance Regulations Exemption Notice
18 AUGUST 2008 NEW ZEALAND GAZETTE, No. 129 3377
(3) The reconciliation manager is exempted from the following requirements of the rules:
(a) The requirement in rule 8.3.1 of part J of the rules to reconcile submission information to which this clause applies;
(b) the requirements in rule 11.1 of part J of the rules to reconcile information to which this clause applies, and to store any such information; and
(c) the requirement to comply with the timing requirements in rule 2 of schedule J4 of part J of the rules in respect of information to which this clause applies.
- Revocation of previous exemption
The exemption entitled Electricity Governance Regulations (Exemption No. 90 (Reconciliation Participants)) Exemption Notice 2008[^1] is revoked.
- Reasons for granting the exemptions and revoking Exemption No. 90
The reasons for granting the exemptions and the revocation are:
(a) Part J of the rules changes the reconciliation process from reconciliation on the basis of differencing to global reconciliation, which in turn changes how non half-hour metered volumes are allocated to participants between months. There would be a misallocation of volumes for the transitional revision period if the seasonal adjustment shapes were used for the allocation of information that is not half-hour metering information.
(b) This misallocation would result in inaccurate settlements for all participants that were participants immediately prior to the commencement of part J of the rules.
(c) A solution has been identified by the Commission that will ensure accurate allocation of electricity volumes for the transitional revision period. This solution requires an amendment to part J of the rules.
(d) The purpose of the proposed exemptions is to avoid inaccurate settlements by exempting participants from the requirement to provide the relevant submission information to the reconciliation manager, and to exempt the reconciliation manager from the requirement to process such information.
(e) This is intended to apply until the Commission is able to consult on the proposed rule amendment and recommend an appropriate rule amendment to the Minister.
DATED at Wellington this 15th day of August 2008.
For and on behalf of the Electricity Commission:
PETER HARRIS, Commissioner.
[^1]: New Zealand Gazette, 19 June 2008, No. 100, page 2709.
PUBLISHED BY THE DEPARTMENT OF INTERNAL AFFAIRS
PRINTED BY WICKLIFFE LIMITED
ISSN 0111-5650 ISSN 1177-8415
Price $2.50 (inc. GST)
NZ Gazette 2008, No 129
✨ LLM interpretation of page content
🏭
Electricity Governance Regulations Exemption Notice 2008
(continued from previous page)
🏭 Trade, Customs & Industry15 August 2008
Electricity, Governance Regulations, Exemption, Reconciliation Participants, Reconciliation Manager, Revocation
- PETER HARRIS, Commissioner