This note is not part of the amendment, but is intended to indicate its general effect.

This amendment to the Electricity Industry Participation Code 2010 (the Code) comes into force on 17 June 2024. The amendment amends Part 12 of the Code to:

• clarify when the Authority may amend the transmission pricing methodology in Schedule 2.4 of the Code (TPM)

• enable the Authority to share information with Transpower for the purpose of calculating transmission charges

• correct the funded asset component and funded rebate mechanism in clauses 28 and 29 of the TPM, clarify the continuing BBI mechanism for low-value investments and anticipatory BBis in clauses 84 and 85 of the TPM, and make other minor corrections to the TPM.