Notice 2013
Pursuant to section 11(3) of the Electricity Industry Act 2010 ("Act"), the Electricity Authority gives the following notice.
N o t i c e
1. Title and commencement-(1) This notice is the Electricity Governance Regulations (Exemption No. 106 (New Zealand Aluminium Smelters Limited)) Exemption Notice Revocation Notice 2013.
(2) This notice comes into force on the day after the date it is notified in the New Zealand Gazette.
2. Revocation-The Electricity Governance Regulations (Exemption No. 106 (New Zealand Aluminium Smelters Limited)) Exemption Notice 2009* ("Exemption 106") is revoked.
3. Reasons for granting the revocation-The reasons for granting this revocation are:
(a) the Electricity Authority has granted the Electricity Industry (Exemption No. 176 (New Zealand Aluminium Smelters Limited)) Exemption Notice 2013Å ("Exemption 176");
(b) Exemption 176 replicates the exemption granted under Exemption 106 but extends it to two other clauses and extends the duration to 31 December 2030;
(c) Exemption 106 is therefore no longer required;
(d) revoking Exemption 106 will result in administrative efficiency, rather than New Zealand Aluminium Smelters Limited ("NZAS") having two separate exemptions, granted under different legislation, and with different expiry dates;
(e) such efficiency will result in marginally lower costs for NZAS, which is in the long-term benefit of consumers; and
(f) the revocation will reduce administration and compliance costs, so the benefit of the revocation will outweigh any disadvantage.
Dated at Wellington this 9th day of September 2013.
For and on behalf of the Electricity Authority:
DR THOMAS BRENT LAYTON, Chairperson, Electricity Authority.
*New Zealand Gazette, 17 September 2009, No. 138, page 3277
ÅNew Zealand Gazette, 12 September 2013, No. 126, page 3517