New Zealand Legislation: Acts

43F Gas governance regulations for wholesale market, processing facilities, transmission, and distribution of gas

• (1) The Governor-General may, by Order in Council made on the recommendation of the Minister in accordance with sections 43I to 43P, make regulations for all or any of the purposes in subsection (2).

  (2) The purposes are—

  • Wholesale gas market

  • (a) providing for the establishment and operation of wholesale markets for gas, including for—

    • (i) protocols and standards for reconciling and balancing gas:

    • (ii) clearing, settling, and reconciling market transactions:

    • (iii) the provision and disclosure of data and other market information:

    • (iv) minimum prudential standards of market participation:

    • (v) minimum standards of market conduct:

    • (vi) arrangements relating to outages and other security of supply contingencies:

  • Processing facilities

  • (b) setting reasonable terms and conditions for access to, and use of, gas processing facilities where—

    • (i) this is reasonably necessary to allow new fields to be developed; and

    • (ii) spare capacity is available or could be made available if the person accessing or using the facilities paid the reasonable costs (including the costs of capital) of providing the additional capacity:

  • Transmission and distribution of gas

  • (c) prescribing reasonable terms and conditions for access to transmission or distribution pipelines:

  • (d) requiring expansions, upgrades, or service quality improvements to gas transmission pipelines including specifying how these will be paid for.

  Subparts 1, 2, and 4 of Part 4A (comprising sections 43A to 43ZZF, and section 43ZZR) were inserted, as from 18 October 2004, by section 5 Gas Amendment Act 2004 (2004 No 83).