1. Pursuant to section 172I of the Electricity Act 1992 ("Act"), I notify the amendment of the Electricity Governance Rules 2003 ("Rules") under section 172H of the Act.
2. The empowering provision for the electricity governance regulations in relation to which the amendment to the Rules is made is section 172D of the Act.
3. A brief description of the nature of the amendment is
to add an effective date for the Transmission Pricing Methodology ("TPM") contained in Schedule F5 of Section IV of Part F of the Rules.
4. Pursuant to section 172Z(4) of the Act, the reasons for my decision to amend the Rules are that:
(a) Rule 8.4 of Section IV of Part F of the
Rules requires the Electricity Commission ("Commission") to make a recommendation to
me about the adoption of a TPM, including a date that the TPM must take effect;
(b) the Commission has consulted extensively on the TPM, including specifically on the date from
which the TPM must take effect; and
(c) I agree that 1 April 2008 is the most appropriate date for the TPM to take effect.
5. These Rules come into force on 13 September 2007.
6. Copies of the Rules may be inspected free of charge
or purchased from the Electricity Commission, Level 7, ASB Bank Tower, 2 Hunter Street, Wellington. The Rules can also be viewed on the Commission's website
http://www.electricitycommission.govt.nz/rulesandregs/
rules
Dated at Wellington this 13th day of August 2007.
DAVID PARKER, Minister of Energy.