1. Pursuant to section 172I of the Electricity Act 1992,
I notify the amendment of the Electricity Governance Rules 2003 (“the Rules”) under section 172H of the Electricity
Act 1992.
2. The empowering provisions for the electricity governance regulations in relation to which the Rules are made are sections 172D (1) (1) (c) and (d) of the Electricity Act 1992.
3. A brief description of the nature of the amendment follows:
HVDC component flow and risk offset information will be published in the “Pre-dispatch Schedule” and the “Schedule of Dispatch Prices and Quantities”. The primary effect of publishing this information is to facilitate more accurate forecasting of the potential constraints on Benmore power station. This in turn facilitates more efficient management of hydro resources, leading to potentially reduced national electricity dispatch costs.
4. The amendment is made in reliance on section 172F (3) of the Electricity Act 1992.
5. Pursuant to section 172Z (4) of the Electricity Act 1992, the reasons for my decision to amend the Rules are that:
? the amendment facilitates lower national dispatch cost through more efficient use of the available water.
6. These Rules come into force on 2 May 2005.
7. Copies of the Rules may be inspected free of charge or purchased from the Electricity Commission, Level Seven, ASB Bank Tower, 2 Hunter Street, Wellington.
The Rules can also be viewed on the Electricity Commission web site:
http://www.electricitycommission.govt.nz/rulesandregs/rules
Dated at Wellington this 16th day of February 2005.
TREVOR MALLARD, Minister of Energy.