✨ Electricity Market Regulations
5 JULY 2011 NEW ZEALAND GAZETTE, No. 93 2695
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6.1 Subject to clause 6.2 below, if Meridian notifies Genesis Energy in writing that:
(a) Lake Ruataniwha is:
(i) forecasted to spill within the then current gate closure period from the gate known as Gate 22; and
(ii) is likely to spill unless Meridian generates at full available capacity from the power stations known as Ohau A, B and C; and
(b) the wholesale electricity market conditions are such that there is a material risk that Meridian will not be able to clear energy in the wholesale electricity market without allocating Must Run Auction Rights at the power stations known as Ohau A, B and C;
then, provided that Meridian does not allocate any Must Run Auction Rights to any other of its power stations in the South Island, other than as required by its Resource Consents, Stakeholder Agreements, by law, or to clear energy in the wholesale electricity market in accordance with the Electricity Code, Genesis Energy must not allocate Must Run Auction Rights to the Tekapo A or B Power Stations from the first market gate closure in the wholesale electricity market after Meridian notifies Genesis Energy in accordance with this clause 6.1.
6.2 Meridian shall notify Genesis Energy immediately after it becomes aware that the conditions set out in sub-clauses 6.1(a) and (b) no longer apply, whereupon Genesis Energy’s obligations under clause 6.1 in respect of notification given under that clause shall be deemed to have ended. All notices given by Meridian pursuant to this clause 6.1 shall be given in good faith.
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NZ Gazette 2011, No 93
✨ LLM interpretation of page content
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High Flow Planning Zone Response and Management
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🌾 Primary Industries & ResourcesHigh Flow Management, Environmental Regulation, Integrated Management, Waitaki Catchment, Lake Pukaki, Lake Tekapo, HiCoG, Forecasting Methodologies, Electricity Market, Must Run Auction Rights, Generation Capacity