New Zealand Gazette – 2009 – No. 45

Page 1046

✨ Commerce Act Amendment

1046 NEW ZEALAND GAZETTE, No. 45 31 MARCH 2009

AMENDMENT TO COMMERCE ACT (POWERCO NATURAL GAS SERVICES) AUTHORISATION 2008

Pursuant to section 70F of the Commerce Act 1986 (as continued in force by section 55G of that Act), the Commerce Commission (“Commission”) makes the following authorisation:

1 Title

This authorisation is the Commerce Act (Powerco Natural Gas Services) Amendment Authorisation 2009.

2 Commencement and expiry

2.1 This authorisation comes into force on the day on which notice of it is given in the New Zealand Gazette under section 70F of the Commerce Act 1986 (as continued in force by section 55G of that Act).

2.2 This authorisation expires on the expiry of the Commerce Act (Powerco Natural Gas Services) Authorisation 2008 (“the principal authorisation”).

3 Weighted average price cap

Clause 6.2.2 of the principal authorisation is amended by revoking the definition of the term “Pij,t-1”, and substituting the following definition:

“Pij,t-1 is the price of the component j of service i in the year commencing 1 October in calendar year t-1 (except that, for the pricing year commencing 1 October 2009, Pij,t-1 is the price of the component j of service i in the commencement period)”.

4 Reasons for this authorisation

The Commission’s reasons for making this authorisation are—

(a) the Commission considers that the definition of the term “Pij,t-1” in the principal authorisation should be clarified to avoid any suggestion of ambiguity; and

(b) the Commission has consulted with affected parties, including Powerco, regarding the definition of the term “Pij,t-1”, and has obtained sufficient information to make an appropriate amendment to the principal authorisation.

Dated at Wellington this 30th day of March 2009.

P R Rebstock
CHAIR,
COMMERCE COMMISSION

Gazette.govt.nz — NZ Gazette 2009, No 45

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✨ LLM interpretation of page content

🏭 Amendment to Commerce Act (Powerco Natural Gas Services) Authorisation 2008

Domain🏭 Trade, Customs & Industry
Dated30 March 2009
KeywordsCommerce Act, Authorisation Amendment, Powerco, Natural Gas, Price Cap, Commerce Commission
👩‍💼 Officials

P R Rebstock, Chair, Commerce Commission

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