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:
Those embedded generators which are required to
offer, will be able to amend their reserve offers up
to 30 minutes prior to the trading period. The primary effect of this change is to allow such embedded generators to more accurately match their total offered quantities to their actual available quantities. Other minor amendments clarify the Rules.
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 amendments will align the rules for embedded generators regarding the gate closure times for reserve offers and energy offers, which will correct a drafting oversight in the Rules; and
? the amendments facilitate lower national dispatch
cost through more efficient use of the available energy resources.
6. These Rules come into force on 24 March 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.