Explanatory note
This note is not part of the regulations, but is intended to indicate their general effect.
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 in 2014.
These regulations—
insert a definition of the extended reserve manager:
set limits on the liability of the extended reserve manager.
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.
A copy of this regulatory impact statement can be found at—
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.