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

 


Code amendment for temporary grid reconfigurations

Code amendment to provide flexibility for temporary transmission grid reconfigurations

The Authority has amended the Electricity Industry Participation Code 2010 (Code) to enable Transpower to temporarily reconfigure the grid, subject to certain conditions. This allows for an increase in the southward flow of electricity, assisting generators to preserve southern hydro storage.

The impetus for the amendment is the low hydro storage levels in the southern part of the South Island caused by dry weather conditions. There is not currently an energy shortage. The emerging localised security of supply problem in Southland is due to transmission constraints, not a lack of energy in New Zealand.

The Code amendment provides more flexibility for Transpower and generators to take stronger precautionary measures if dry conditions persist, provided those measures satisfy a net benefit test.

The amendment comes into force on 15 March 2013 and will expire after nine months. A permanent Code amendment has been developed but further analysis is required before it can be released for consultation. The Authority expects to decide on a permanent solution before the amendment lapses.

Gazette notice and Code amendment

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Stat! New Statistics NZ Chief Executive Appointed

State Services Commissioner, Iain Rennie, today announced the appointment of Liz MacPherson to the position of Chief Executive of Statistics New Zealand and Government Statistician. Ms MacPherson is currently Deputy Chief Executive, Strategy and Governance at the Ministry of Business Innovation and Employment (MBIE). More>>

PC Magazines Gone. Mad? Fairfax Magazines Resign Technology Title Licences

Fairfax Magazines will resign the licences, owned by IDG, to publish technology titles Computerworld, Reseller News and PC World early next month. More>>

ALSO:

Scoop Business: Mediaworks Receivership - New Ownership Planned

MediaWorks NZ, the broadcaster whose stable includes TV3 and Four, and radio stations including Radio Live, the Rock and MoreFM, is “well advanced” with plans for new ownership after being placed in receivership this morning. More>>

ALSO:

Scoop Business: NZ Consumer Confidence Jumps To 3-Year High In June

New Zealand consumer confidence surged to its highest level in three years in June, buoyed by improving economic prospects, rising house values, low interest rates and falling prices, according to the latest Westpac McDermott-Miller Consumer Confidence survey. More>>

ALSO:

Scoop Business: Air NZ’s Safe Air Unit Cuts 84 Jobs In Blenheim

Air New Zealand’s aviation maintenance unit Safe Air plans to cut 84 jobs, or about 30 percent of its workforce, citing its struggle to attract new international contracts in the face of a high kiwi dollar, according to a union statement. More>>

ALSO:

Alleged Ponzi Scheme: Charges Laid Against David Ross

Charges have today been laid in the Wellington District Court against David Robert Gilmour Ross. The charges laid by the Serious Fraud Office allege he operated a $400 million Ponzi scheme. They follow a joint agency investigation between SFO and the Financial Markets Authority. More>>

ALSO:

5 Permits For Three Companies: Minerals Exploration "Will Boost Northland Economy"

New minerals exploration permits awarded today will help create jobs and lift the Northland economy, Energy and Resources Minister Simon Bridges says. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news