New Zealand Legislation: Bills

5 Interpretation

• (1) The definitions of core assets, cross-involvement, customer co-operative, distributed generation, electricity business, electricity company, electricity lines business, electricity supply business, exempt person, existing cross-involvement, existing involvement, line, mirror co-operative, mirror trust, ownership separation rules, settling trust, transfer, and unseparated electricity business in section 3(1) are repealed.

  (2) Section 3(1) is amended by inserting the following definitions in their appropriate alphabetical order:

  “connected customer, in respect of a person, means a consumer (within the meaning of that term in section 2(1) of the Electricity Act 1992) to whom that person sells electricity, if—

  • “(a) the electricity is conveyed to that customer on a line in which the person is involved; and

  • “(b) the customer and the line are within the same local network area

  “connected customers selling cap means the rule in section 17C

  “connected electricity business means a business to which section 17D applies

  “connected generation, in respect of a person, means generation in which the person is involved that is connected to a line in which the person is involved, if the generation and the line are within the same local network area

  “connected generation cap means the rule in section 17A

  “electricity business means a business that does any of the things referred to in section 7(1)(a) to (c)

  “financial year means a period of 12 months ending on 31 March

  “line means works that are used or intended to be used for the conveyance of electricity, and includes a wire or cable

  “local network means lines, equipment, and plant that is used to convey electricity between the grid and a consumer or embedded generator or embedded network who are connected to that local network, and local network area has a corresponding meaning

  “ownership separation rules means the rules in sections 17 to 17F and section 20 (non-specific interests rule)

  “qualifying generation has the same meaning as in section 17C(2)

  “renewable energy source means solar, wind, hydro, geothermal, biomass, tidal, wave, ocean current sources, or any other energy source that occurs naturally and the use of which will not permanently deplete New Zealand’s energy sources of that kind, because those sources are generally expected to be replenished by natural processes within 50 years or less of being used

  “sell means any arrangement under which electricity is bought and sold, except financial hedge contracts, and sell electricity has a corresponding meaning”.

  (3) Every reference in the principal Act to “arms length rules” is replaced by a reference to “arm’s-length rules”.

  (4) Section 3(3) is amended by omitting “sections 4(2), 5(2), and 19” and substituting “sections 17 to 17F and 19”.