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 provisions for the electricity governance regulations in relation to which the amendments to the Rules are made are sections 172D(1)(1) and (1)(31) of the Act.
3. The amendments alter the timing, content and mode of publication of reports issued by the market administrator and remove the 9.00am deadline for production of reports issued by the system operator, pricing manager, and clearing manager.
4. Pursuant to section 172Z(4) of the Act, the reason for my decision to amend the Rules is that the rule changes will streamline the reporting requirements and better meet participants’ needs.
5. These amendments are made in reliance on section 172F(3) of the Act.
6. These rules come into force on 1 November 2008.
7. 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.
8. The Rules can also be viewed on the Electricity Commission website
http://www.electricitycommission.govt.nz/rulesandregs/rules
Dated at Wellington this 5th day of September 2008.
HON DAVID PARKER, Minister of Energy.