Electricity Authority (NZ)
Encyclopedia
The New Zealand
Electricity Authority is an Independent Crown Entity responsible for the regulation of the New Zealand electricity market
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In Authority was established in November 2010, following a government review of the electricity industry, and has a narrower focus on industry competition, reliability and efficiency than its predecessor the Electricity Commission (NZ)
.
The key functions performed by the Authority are:
Functions which are performed by the Commission, but which the Authority does not undertake include:
New Zealand
New Zealand is an island country in the south-western Pacific Ocean comprising two main landmasses and numerous smaller islands. The country is situated some east of Australia across the Tasman Sea, and roughly south of the Pacific island nations of New Caledonia, Fiji, and Tonga...
Electricity Authority is an Independent Crown Entity responsible for the regulation of the New Zealand electricity market
New Zealand Electricity Market
New Zealand's electricity market is regulated by the Electricity Industry Participation Code administered by the Electricity Authority . The Authority was established in November 2010 to replace the Electricity Commission and its publication explains how the market works.- Overview :Until 1987,...
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In Authority was established in November 2010, following a government review of the electricity industry, and has a narrower focus on industry competition, reliability and efficiency than its predecessor the Electricity Commission (NZ)
Electricity Commission (NZ)
The New Zealand Electricity Commission was a government authority set up in 2003 to regulate the Electricity sector in New Zealand.The Commission was established under the Electricity Act to regulate the operation of the electricity industry and markets in accordance government energy policy...
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The key functions performed by the Authority are:
- Registering industry participants
- Developing and administering the Electricity Industry Participation Code
- Monitoring and enforcing compliance with the Code
- Acting as Market Administrator and contracting providers of market operations services
- Facilitating market performance through information, best-practice guidelines and related services; and
- Undertaking sector reviews
Functions which are performed by the Commission, but which the Authority does not undertake include:
- Consumer protection - Ministry of Consumer Affairs
- Electricity efficiency - Energy Efficiency and Conservation AuthorityEnergy Efficiency and Conservation AuthorityEnergy Efficiency and Conservation Authority is a New Zealand government/crown agency responsible for promoting energy efficiency and conservation....
- Reserve energy and emergency campaigns - TranspowerTranspower New Zealand LimitedTranspower New Zealand Limited is the state-owned enterprise responsible for electric power transmission in New Zealand. Transpower performs two major functions in the New Zealand Electricity Market...
- Security of supply information and forecasting - TranspowerTranspower New Zealand LimitedTranspower New Zealand Limited is the state-owned enterprise responsible for electric power transmission in New Zealand. Transpower performs two major functions in the New Zealand Electricity Market...
- Statement of investment opportunities - Ministry of Economic Development
- Transmission network upgrades approval - Commerce CommissionCommerce CommissionThe Commerce Commission is a New Zealand government agency charged with enforcing legislation that promotes competition in the country's markets and prohibits misleading and deceptive conduct by traders...