This note is not part of the regulations, but is intended to indicate their general effect.
These regulations, which come into force on the 28th day after their notification in the Gazette, provide for—
the Commerce Commission to recover from Transpower the costs of its functions relating to approval of Transpower's grid upgrade plans under section 54R of the Commerce Act 1986 and its functions relating to preparation of input methodology for Transpower's capital expenditure proposals under section 54S of that Act:
backdated adjustments to the electricity supplier levies in the event that there is a change in the suppliers that are consumer-owned. Suppliers that are consumer-owned are not subject to price-quality regulation.
Date of notification in Gazette: 16 December 2010.
These regulations are administered by the Ministry of Economic Development.