Electricity Industry (Participants and Roles) Amendment Regulations 2015

2015/157

Coat of Arms of New Zealand

Electricity Industry (Participants and Roles) Amendment Regulations 2015

Jerry Mateparae, Governor-General

Order in Council

At Wellington this 29th day of June 2015

Present:
His Excellency the Governor-General in Council

Pursuant to section 109 of the Electricity Industry Act 2010, His Excellency the Governor-General, acting on the advice and with the consent of the Executive Council and on the recommendation of the Minister of Energy and Resources given after consulting the Electricity Authority, makes the following regulations.

Regulations

1 Title

These regulations are the Electricity Industry (Participants and Roles) Amendment Regulations 2015.

2 Commencement

These regulations come into force on 1 August 2015.

3 Principal regulations

These regulations amend the Electricity Industry (Participants and Roles) Regulations 2012 (the principal regulations).

4 New regulation 4 inserted (Role of extended reserve manager)

After regulation 3, insert:

4 Role of extended reserve manager

For the purposes of the definition of market operation service provider in section 5 of the Electricity Industry Act 2010, the role of the extended reserve manager (as defined in the Electricity Industry (Enforcement) Regulations 2010) is identified as being a market operation service provider role.

Michael Webster,
Clerk of the Executive Council.

Explanatory note

This note is not part of the regulations, but is intended to indicate their general effect.

These regulations, which come into force on 1 August 2015, amend the Electricity Industry (Participants and Roles) Regulations 2012.

They relate to the appointment by the Electricity Authority of an extended reserve manager under new extended reserve arrangements for managing rare and extreme events that threaten security of supply of electricity. The arrangements were included in the Electricity Industry Participation Code 2010 (the Code) in 2014.

These regulations identify the extended reserve manager role as a market operation service provider role. This is additional to the persons listed in the definition of market operation service provider in section 5 of the Electricity Industry Act 2010. Market operation service providers are subject to that Act and, in particular, to the Electricity Industry (Enforcement) Regulations 2010. Under that Act, the definition of market operation service provider is any person appointed by the Electricity Authority under the Code to perform a market operation service provider role. The person appointed to perform this role will therefore be a market operation service provider.

A companion regulation, the Electricity Industry (Enforcement) Amendment Regulations 2015, defines the extended reserve manager and sets limits on the person’s liability.

Regulatory impact statement

The Ministry of Business, Innovation, and Employment produced a regulatory impact statement on 23 April 2015 to help inform the decisions taken by the Government relating to the contents of this instrument.

Issued under the authority of the Legislation Act 2012.

Date of notification in Gazette: 2 July 2015.

These regulations are administered by the Ministry of Business, Innovation, and Employment.