This note is not part of the order, but is intended to indicate its general effect.
This order, which comes into force on 26 July 2003, extends, for 6 months, the fixed end-date of the transitional period during which Transpower's transitional pricing methodology applies. The transitional period would otherwise expire on 26 July 2003.
The effect is that persons with assets that are directly connected to the national grid must continue to pay (to the extent required by section 19 of the Electricity Amendment Act 2001) for grid connection services the amount that is charged by Transpower in accordance with the pricing methodology contained in Pricing for Grid Connection Services from 1 April 2001, as published by Transpower in December 2000.
However, despite the extension in this order, the transitional period would, according to the Act, end before 26 January 2004 if Transpower were authorised or required to use a new pricing methodology by an electricity governance organisation such as the Electricity Governance Board or the Commerce Commission or electricity governance regulations or rules under the Electricity Act 1992. If that happened, the obligation to pay in accordance with the old methodology would cease before 26 January 2004.