Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


Paper released on investment in generation

26 April 2006

Media Statement by Acting Energy Minister Trevor Mallard

Discussion paper proposals aim to increase investment in generation

Acting Energy Minister Trevor Mallard today announced the release of a discussion paper looking at options to encourage electricity lines companies to make increased investment in generation.

Investment in Electricity Generation by Lines Companies, drafted by the Ministry of Economic Development, considers a number of changes to the Electricity Industry Reform Act 1998 (EIRA) – which enforced separation of ownership of electricity lines and supply businesses, with limited exceptions.

"This is not a full-scale review of the current legislation. But it's likely that there are a number of things we can do to get better coordination between electricity lines and generation operations, in this way increasing the efficiency of the overall electricity market, and the opportunity for lines businesses to invest in generation," Trevor Mallard said.

The options canvassed in the discussion paper include allowing lines companies to trade in electricity hedges, relaxing some arms-length separation rules for lines companies involved in generation, and clarifying parts of the Act to help reduce uncertainties about how the legislation is applied in practice.

"These options could potentially help create a better environment for much-needed investment in generation. However, it's also important that we balance any changes against the risk of lessening competition in the electricity market."

This discussion paper follows an earlier round of consultation in March last year, which sought industry views on the specific issue of allowing lines companies to trade in electricity hedges. During consultation on that paper, stakeholders raised a number of other options, and a decision was made to run a further round of consultation, including additional options.

Submissions on the discussion paper are welcomed by 25 May 2006.

The discussion paper can be found on the Ministry of Economic Development website at www.med.govt.nz/electricity/generation-investment/

ENDS


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>

ALSO:

Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>

ALSO:

Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>

ALSO:

General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Gordon Campbell: On Our Posturing At The UN

In New York, Key basically took an old May 2 Washington Post article written by Barack Obama, recycled it back to the Americans, and still scored headlines here at home… We’ve had a double serving of this kind of comfort food. More>>

ALSO:

Treaty Settlements: Bills Delayed As NZ First Pulls Support

Ngāruahine, Te Atiawa and Taranaki are reeling today as they learnt that the third and final readings of each Iwi’s Historical Treaty Settlement Bills scheduled for this Friday, have been put in jeopardy by the actions of NZ First. More>>

ALSO:

Gordon Campbell: On The Damage De-Regulation Is Doing To Fisheries And Education, Plus Kate Tempest

Our faith in the benign workings of the market – and of the light-handed regulation that goes with it – has had a body count. Back in 1992, the free market friendly Health Safety and Employment Act gutted the labour inspectorate and turned forestry, mining and other workplace sites into death traps, long before the Pike River disaster. More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news