Electricity Authority (New Zealand)
|Headquarters||Level 7, ASB Bank Tower, 2 Hunter Street, Wellington|
The New Zealand Electricity Authority is an independent Crown entity responsible for the regulation of the New Zealand electricity market. The Authority was established in November 2010, following a government review of the electricity industry, and replaced the Electricity Commission. The Authority has a narrower focus on industry competition, reliability and efficiency than the Electricity Commission had.
The key functions performed by the Authority are:
- Registering industry participants
- Developing and administering the Electricity Industry Participation Code
- Monitoring and enforcing compliance with the Code
- Acting as Market Administrator and contracting providers of market operations services
- Facilitating market performance through information, best-practice guidelines and related services; and
- Undertaking sector reviews
Functions that were performed by the Commission, but which are undertaken by agencies other than the Authority include:
- Consumer protection - Consumer Affairs at Ministry of Business, Innovation and Employment
- Electricity efficiency - Energy Efficiency and Conservation Authority
- Reserve energy and emergency campaigns - Transpower
- Security of supply information and forecasting - Transpower
- Transmission network upgrades approval - Commerce Commission
- "About us". Electricity Authority.
- "Ministerial Review of Electricity Market performance 2009". MED. 9 December 2009.
- "Electricity Industry Participation Code". Electricity Authority.