✨ Electricity Act Objectives
27 MAY 2009 NEW ZEALAND GAZETTE, No. 75 1747
Appendix 1: Section 172N of the Electricity Act 1992
Principal objectives and specific outcomes -
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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.
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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.
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NZ Gazette 2009, No 75
✨ LLM interpretation of page content
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Principal objectives and specific outcomes under Section 172N of the Electricity Act 1992
(continued from previous page)
🏛️ Governance & Central Administration6 May 2009
Electricity Act, Commission objectives, energy efficiency, competition, investment incentives, climate change