BY POWERCO LIMITED
AND VECTOR LIMITED
PURSUANT TO SECTION 70F
OF THE COMMERCE ACT 1986
AMENDMENT TO COMMERCE ACT (POWERCO NATURAL GAS SERVICES) AUTHORISATION 2008
Pursuant to section 70F of the Commerce Act 1986 (as continued in force by section 55G of that Act), the Commerce Commission ("Commission") makes the following authorisation:
1 Title
This authorisation is the Commerce Act (Powerco Natural Gas Services) Amendment Authorisation 2009.
2 Commencement and expiry
2.1 This authorisation comes into force on the day on which notice of it is
given in the New Zealand Gazette under section 70F of the Commerce Act 1986
(as continued in force by section 55G of that Act).
2.2 This authorisation expires on the expiry of the Commerce Act (Powerco Natural Gas Services) Authorisation 2008 ("the principal authorisation").
3 Weighted average price cap
Clause 6.2.2 of the principal authorisation is amended by revoking the definition of the term "Pij,t-1", and substituting the following definition:
"Pij,t-1 is the price of the component j of service i in the year commencing
1 October in calendar year t-1 (except that, for the pricing year commencing
1 October 2009, Pij,t-1 is the price of the component j of service i in the commencement period)".
4 Reasons for this authorisation
The Commission's reasons for making this authorisation are-
(a) the Commission considers that the definition of the term "Pij,t-1" in the principal authorisation should be clarified to avoid any suggestion of ambiguity; and
(b) the Commission has consulted with affected parties, including Powerco, regarding the definition of the term "Pij,t-1", and has obtained sufficient information to make an appropriate amendment to the principal authorisation.
Dated at Wellington this 30th day of March 2009.
P R Rebstock
CHAIR,
COMMERCE COMMISSION
AMENDMENT TO COMMERCE ACT (VECTOR NATURAL GAS SERVICES) AUTHORISATION 2008
Pursuant to section 70F of the Commerce Act 1986 (as continued in force by section 55G of that Act), the Commerce Commission ("Commission") makes the following authorisation:
1 Title
This authorisation is the Commerce Act (Vector Natural Gas Services) Amendment Authorisation 2009.
2 Commencement and expiry
2.1 This authorisation comes into force on the day on which notice of it is
given in the New Zealand Gazette under section 70F of the Commerce Act 1986
(as continued in force by section 55G of that Act).
2.2 This authorisation expires on the expiry of the Commerce Act (Vector Natural Gas Services) Authorisation 2008 ("the principal authorisation").
3 Weighted average price cap
Clause 6.2.2 of the principal authorisation is amended by revoking the definition of the term "Pij,t-1", and substituting the following definition:
"Pij,t-1 is the price of the component j of service i in the year commencing
1 October in calendar year t-1 (except that, for the pricing year commencing
1 October 2009, Pij,t-1 is the price of the component j of service i in the commencement period)".
4 Annual compliance statement
4.1 Form 6 of Schedule 7 of the principal authorisation is amended by revoking table 2 which is headed "Movement from Standard to Non-standard Metering Services".
4.2 Table 1 of form 8 of Schedule 7 of the principal authorisation, which is headed "System Reliability", is amended-
(a) by omitting from the column headed "Threshold" the expression "195", and substituting the expression "121"; and
(b) by omitting from that column the expression "3.9", and substituting the expression "4.4".
5 Reasons for this authorisation
The Commission's reasons for making this authorisation are-
(a) the Commission considers that the definition of the term "Pij,t-1" in the principal authorisation should be clarified to avoid any suggestion of ambiguity, and that there are also minor errors in that authorisation which should be corrected; and
(b) the Commission has consulted with affected parties, including Vector, regarding the definition of the term "Pij,t-1" and the minor errors, and has obtained sufficient information to make appropriate amendments to the principal authorisation.
Dated at Wellington this 30th day of March 2009.
P R Rebstock
CHAIR,
COMMERCE COMMISSION