This note is not part of the order, but is intended to indicate its general effect.
This order establishes the Electricity Governance Board under the Electricity Act 1992 on 15 September 2003. This Board is sometimes referred to as the Electricity Commission. The order establishes the Board by bringing into force the Electricity Governance Board provisions contained in subpart 1 of Part 15 of the Electricity Act 1992 (as inserted by section 16 of the Electricity Amendment Act 2001).
The principal objective of the Electricity Governance Board under the Electricity Act 1992 is to ensure that electricity is generated, conveyed, and supplied to all classes of consumers in an efficient, fair, reliable, and environmentally sustainable manner.
The existing functions of the Electricity Governance Board under the Electricity Act 1992 are to—
(b) administer, monitor compliance with, enforce, and apply penalties or other remedies for contraventions of electricity governance regulations and rules:
The Minister of Energy recommended the making of the Order in Council using the fast-track provisions in section 4(3) of the Electricity Amendment Act 2001, on the grounds that the Minister considers that it is necessary or desirable in the public interest that the Order in Council be made urgently.