New Zealand Gazette – 2008 – No. 92

Page 2494

✨ Electricity Governance Policy



2494 NEW ZEALAND GAZETTE, No. 92 4 JUNE 2008

Appendix 1: s172N Electricity Act 1992

Principal objectives and specific outcomes—

  1. The principal objectives of the Commission in relation to electricity are—

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

    b. to promote and facilitate the efficient use of electricity.

  2. Consistent with those principal objectives, the Commission must seek to achieve, in relation to electricity, 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 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.

The Government Policy Statement ends here.

Revocation

The statement of Government policy entitled “Government Policy Statement on Electricity Governance”, by the Minister of Energy, Hon David Parker and the Minister of Commerce, Hon Lianne Dalziel, on 17 October 2006 and published as a Supplement to the New Zealand Gazette, 30 October 2006, No. 123, pages 3601 to 3636, is hereby revoked.

Signed at Wellington this 20th day of May 2008.

Hon David Parker
Minister of Energy

Hon Lianne Dalziel
Minister of Commerce

PUBLISHED BY THE DEPARTMENT OF INTERNAL AFFAIRS
PRINTED BY WICKLIFFE LIMITED

ISSN 0111-5650
ISSN 1177-8415
Price $6.00 (inc. GST)




Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2008, No 92


Gazette.govt.nz — PDF NZ Gazette 2008, No 92




✨ LLM interpretation of page content

🏛️ Government Policy Statement on Electricity Governance

🏛️ Governance & Central Administration
20 May 2008
Electricity Governance, Government Policy Statement, Electricity Act 1992, Energy Efficiency, Climate Change Objectives
  • Hon David Parker, Minister of Energy
  • Hon Lianne Dalziel, Minister of Commerce