30 June 2004 Media Statement

Electricity and Gas legislation progresses

Energy Minister Pete Hodgson has today welcomed the report back to Parliament of the Electricity and Gas Industries Bill.

"This Bill, coupled with action on climate change and to promote gas exploration, is a further milestone in providing New Zealand with energy in an efficient, fair, reliable and sustainable manner post-Maui." said Energy Minister, Pete Hodgson. "I commend the Commerce Committee for the excellent work it has done in refining this bill and support its recommendations."

The Bill contains measures to promote security of supply, consumer protection, competition and sector governance. Significant changes made by the Committee include:

- Introducing a co-regulatory governance body for the gas industry. (Backstop powers remain for the establishment of an Energy Commission which could govern both the electricity and gas sectors.)

- Strengthening the mandate for the Electricity Commission (EC) to promote energy efficiency, including through funding programmes of cost-effective energy efficiency and conservation

- Enabling electricity lines companies to own generation equivalent to the higher of 50 MW or 20 per cent of their network load

- Explicitly allowing Transpower to contract for generation to manage grid reliability

- Requiring the EC to assess alternatives, costs and benefits prior to making rules or regulations

- Delaying the transfer of jurisdiction for the lines targeted price control regime from the Commerce Commission to the EC until after 31 March 2009

ENDS

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Gordon Campbell: On the Sony cyber attack

Given the layers of meta-irony involved, the saga of the Sony cyber attack seemed at the outset more like a snarky European art film than a popcorn entry at the multiplex.

Yet now with (a) President Barack Obama weighing in on the side of artistic freedom and calling for the US to make a ‘proportionate response’quickly followed by (b) North Korea’s entire Internet service going down, and with both these events being followed by (c) Sony deciding to backtrack and release The Interview film that had made it a target for the dastardly North Koreans in the first place, then ay caramba…the whole world will now be watching how this affair pans out. More>>