Parliament

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

 

Electricity and Gas legislation passed

Electricity and Gas legislation passed

Government electricity governance policy statement published

Energy Minister Pete Hodgson has today welcomed the completion of the third reading of the Electricity and Gas Industries Bill.

"This government recognises the importance of a properly managed electricity market to the economy and consumers. The market was failing to govern itself. That is why this government created the Electricity Commission. This Bill increases the scope of the Commission to encompass security of supply, consumer protection, competition, demand management, energy efficiency, conservation and the development of distributed generation as well as involving it in the planning of transmission upgrades," says Energy Minister, Pete Hodgson.

While the Electricity Commission will have responsibility for much of the day to day and longer terms operation of the market, the government remains responsible and accountable for setting its direction through government policy statements. The government policy statement (GPS) on electricity governance is published today and is available on the Ministry of Economic Development's website. http://www.med.govt.nz/ers/electric/governance-gps/

The Bill also allows for the establishment of a co-regulatory governance body for the gas industry and backstop powers for the establishment of an Energy Commission.

Other changes include enabling electricity lines companies to own generation equivalent to the higher of 50 MW or 20 per cent of their network load, allowing Transpower to contract for generation to manage grid reliability and delaying the transfer of jurisdiction for the lines targeted price control regime from the Commerce Commission to the Electricity Commission until after 31 March 2009.

The Bill also amends the Crown Minerals Act to enable the enhanced disclosure of petroleum reserves and production information.

"I commend the Commerce Committee for the excellent work it has done in refining this bill and United Future and the Green Party for their support of this Bill."

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines


Gordon Campbell: On How The US Supreme Court Is Undermining American Democracy

If Joe Biden is elected President next week, here comes the bad news. If Biden tries to defend Obamacare, combat climate change (via say, a variant of the Green New Deal) or tries to improve the access of US women to abortion services , he will run afoul of a Supreme Court dominated by judges likely to rule that such matters must be left to the states like Missouri and Alabama to manage as they see fit. Meaning: Even if Biden had a radical agenda, this would be unlikely to survive the current bench on the Supreme Court... More>>

 

Gordon Campbell: On National Being Shafted By Its Own Creation

As it licks its wounds, let’s hope the National Party can still find time to look back with some pride at what it has achieved in Epsom. The Act Party’s nationwide success on Saturday night has been a tribute to National’s foresight, and to its ... More>>

ALSO:

Green Party: 'Fruitful Discussions ... Further Discussions To Have'

The Green Party says there is a negotiation going on with the Labour Party, but there are more discussions to be had. More>>

ALSO:


Border: No Changes To Border Exemptions After Fishing Crew Test Covid-19 Positive

The cases were detected after routine day three testing but the immigration minister and air commodore agree there's no need to change border exemptions. More>>

PSA: Labour-Led Government Has Mandate For Transformation, Equality And Transparency

The Public Service Association welcomes the progressive electoral landslide New Zealand voters delivered on Saturday, and the union says its members look forward to implementing policies that reduce poverty and inequality, support affordable housing ... More>>

ALSO:


Election: ParityBOT_NZ Processed Nearly 200,000 Tweets To Find And Fight Online Abuse Over The NZ Election

Auckland, New Zealand: Of the almost 200,000 tweets directed at women candidates that Areto Labs’ proprietary election Twitter bot, ParityBOT_NZ, processed over the New Zealand election period, nearly 4,000 were classified as toxic and triggered ... More>>

Stats NZ: New Report Shows Significant Changes To New Zealand’s Climate

Climate change is already happening in New Zealand and could have a profound impact on future generations of New Zealanders, a new report from the Ministry for the Environment and Stats NZ says. Our atmosphere and climate 2020 , released today, includes analysis ... More>>

ALSO:

Judith Collins: Obese People Must Take Responsibility For 'personal Choices'

National Party leader Judith Collins has described obesity as a weakness and says people should not 'blame systems for personal choices'. More>>

Māori Party: Poll Reveals Tamihere On Cusp Of Historic Māori Movement Election Victory

John Tamihere’s election campaign is on the rise and on track to return the Māori Party to parliament, a new Māori TV poll has revealed. The poll released on 11 October during the seventh and final Māori TV Maori Electoral campaign coverage has Tamihere ... More>>


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels