Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


EGEP Create Draft Rulebook

Press Release

6 June 2001

The Electricity Governance Establishment Project (EGEP) has reached the first important stage in reshaping the New Zealand electricity industry with the creation of a draft rulebook, which is being made available for widespread consultation.

The project’s purpose is to establish a single governance structure for the electricity industry based on a new multilateral contract and to establish an Electricity Governance Board (EGB) to govern the new arrangement.

Underlying the industry-led project is the Government’s Policy Statement on Energy, announced in December 2000. Key components of the policy statement were a single governance structure for the industry and the creation of a governing board.

“The project has focused on achieving the Government’s objective for a fairer, more efficient and more sustainable electricity industry,” Mr Caygill said.

Initially the project has focused on merging the three existing industry governance structures – the New Zealand Electricity Market (NZEM), the Metering and Reconciliation Information Agreement (MARIA) and the Multilateral Agreement on Common Quality Standards (MACQS) – and establishing a new Electricity Governance Board at the earliest practical date.

The draft rules describe how the new arrangements will operate and the governance structure under which they will function. Input into the rules’ development has been widespread, reflecting the large number of stakeholders with an interest in maintaining an effective and robust electricity industry.

“Input into the project has come from well beyond the traditional electricity industry,” David Caygill, Establishment Committee chairman, said. “The involvement of other stakeholders, such as consumer representatives, has been critical in reaching this stage”.

Similarly, consultation on the rules in their current form is crucial to the project’s successful progression. Numerous interested groups will be asked to provide feedback, including participants in the wider electricity industry, consumer groups, government and major energy users.

“Through the consultation process we aim to provide a set of rules with a strong basis of support amongst stakeholders and that will provide a solid foundation for the new Electricity Governance Board”, Mr Caygill said.

Following the consultation period the rules will be reviewed and finalised, before being submitted to the Commerce Commission for approval in September.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Dry: Beef + Lamb Launches Drought Resources

The resources include a fact sheet outlining strategies to manage and mitigate the effects of drought, coping with stress on the farm and advice on feed requirements and animal welfare during the dry period. More>>


InternetNZ: Net Neutrality Failure In US "Will Hurt All Users"

InternetNZ Chief Executive Jordan Carter has condemned the decision by the United States communications regulator to undo 2015 open Internet rules, warning that all Internet users will end up worse off as a result. More>>


Mycoplasma Bovis: More Properties Positive

One of the latest infected properties is in the Hastings district, the other three are within a farming enterprise in Winton. The suspect property is near Ashburton. More>>


Manawatū Gorge Alternative: More Work Needed To Choose Route

“We are currently working closely and in partnership with local councils and other stakeholders to make the right long-term decision. It’s vital we have strong support on the new route as it will represent a very significant long-term investment and it will need to serve the region and the country for decades to come.” More>>


ScoopPro: Helping PR Professionals Get More Out Of Scoop has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>