New Zealand Gazette – 2009 – No. 75

Page 1728

✨ Energy Security Guidelines



1728 NEW ZEALAND GAZETTE, No. 75 27 MAY 2009

  1. If the hydro storage guidelines are consistently breached and thermal generation is not being used appropriately to preserve hydro storage, the Commission should investigate the reasons and consider what action, if any, would be desirable.

Emergency management

  1. Although the Government wants the Commission to guide the electricity sector to ensure minimal risk of supply shortages, it recognises that there will be infrequent circumstances where there is a material risk of shortage. To manage such circumstances, the Commission should establish an emergency response plan that identifies and includes a range of measures to cover contingencies more severe than those allowed for within the mean winter energy margin. Such measures are to include conservation campaigns.

  2. The Commission is also expected to put in place contingency arrangements to provide for the scheduling of outages, including rolling outages in the extreme event that blackouts are required to ensure a balance between supply and demand.

Levy

  1. The Commission should receive any spot price revenue arising from the dispatch of reserve energy. Net costs should be recovered by way of the levy on wholesale purchases.

  2. Over time, the levy should recover the net costs that the Commission incurs for reserve energy (that is, operating and capital payments less any revenue received from the sale of reserve energy).

Review

  1. The Commission should undertake a review, in consultation with interested parties, of the security standards and policies set out in this section, and make recommendations to the Minister of Energy on the outcome of that review by the end of 2012.


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Online Sources for this page:

Gazette.govt.nz — PDF NZ Gazette 2009, No 75




✨ LLM interpretation of page content

🏭 Hydro Storage Guidelines and Emergency Management

🏭 Trade, Customs & Industry
Hydro Storage, Thermal Generation, Emergency Response, Supply Shortages, Conservation Campaigns

🏭 Levy on Wholesale Purchases for Reserve Energy

🏭 Trade, Customs & Industry
Levy, Spot Price Revenue, Reserve Energy, Net Costs

🏭 Review of Security Standards and Policies

🏭 Trade, Customs & Industry
Review, Security Standards, Policies, Minister of Energy