This note is not part of the regulations, but is intended to indicate their general effect.
These regulations amend the Electricity Industry (Levy of Industry Participants) Regulations 2015 (the principal regulations) to do 2 things.
Regulation 4(2) of these regulations comes into force on 30 June 2015 and applies to the 2014/15 levy year (and subsequent years). It makes a consequential change to the principal regulations to reflect the new Parts 14 and 14A of the Electricity Industry Participation Code 2010 that came into force on 24 March 2015.
The other amendments made by these regulations come into force on 1 July 2015, which is the start of the 2015/16 levy year, to apply to that levy year (and subsequent years). They impose a levy (payable by retailers) in respect of the costs of the activities of the Electricity Authority that relate to facilitating consumer participation in the electricity market. This levy replaces the levy (also payable by retailers) in respect of the customer switching fund, which was set up to meet the costs incurred by the Crown before 1 May 2014 in promoting to customers the benefits of comparing and switching retailers.
Date of notification in Gazette: 4 June 2015.
These regulations are administered by the Ministry of Business, Innovation, and Employment.