Amendments to the Code
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Latest Code amendments
When we grant a Code amendment, we publish a notice in the New Zealand Gazette. Here are the latest notices:
2022
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Avoided cost of transmission 2022 amendment - Certified instrument14 December 2022
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Avoided Cost of Transmission 2022 - Gazette notice1 April 2023
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Transmission Pricing Methodology 2022 - Gazette notice20 December 2022
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Real Time Pricing 2022 - Certified instrument20 September 2022
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Real Time Pricing 2022 - Gazette notice1 November 2022
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Hedge Market Arrangements 2022 - Certified instrument17 August 2022
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Hedge Market Arrangements 2022 - Gazette Notice1 September 2022
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Policy Statement 2022 - Certified20 July 2022
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Adoption of Replacement Policy Statement 2022 - Gazette Notice1 September 2022
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Transmission Pricing Methodology - Certified instument11 April 2022
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Transmission Pricing Methodology - Gazette notice1 April 2022
How to propose a Code amendment
Anyone may propose an amendment to the Code. If you wish to propose an amendment, we suggest you read our:
- Consultation Charter - it's a practical guide with the Code Amendment Principles we use to consider amendments. It also includes what to expect from us during the process.
- Code drafting manual - it explains our standards for unambiguous and precise amendments to the Code.
Then complete and return the following amendment proposal form.
Process for Code amendments
We carefully consider all proposals for Code amendments. Here is the standard process for Code amendments that we follow:
1. Consultation
We consult publicly on Code amendments, inviting submissions from interested parties. To do this, we publish a:
- draft of the proposed amendment
- regulatory statement which includes the objectives of the proposed amendment, an evaluation of the costs and benefits and evaluation of alternative means of achieving the objectives of the proposed amendment
- consultation paper.
2. Submissions
We carefully consider all submissions received.
3. Decision
If, following consultation, there are no significant changes to the proposal, we will proceed with the proposed amendment. Or, if we decide to make significant changes to the proposed amendment, then we will consult again on the amended proposal.
4. Notification
To make the amendment, we give notice in the New Zealand Gazette and publish the amendment on this website.
Urgent Code amendments
We have the power to make urgent amendments to the Code, if we consider the amendment to be necessary or desirable in the public interest.
For urgent Code amendments, we are not required to publish a draft of the proposed amendment, prepare and publish a regulatory statement or consult on the proposed amendment and the regulatory statement. However, we are required to publish a notice in the New Zealand Gazette and a statement with our reasons.
Urgent Code amendments expire nine months after their effective date. If we wish an urgent amendment to stay in force longer, we must use the standard Code amendment process before the urgent amendment expires.
Compliance question?
Electricity sector legislation is complex. Contact us for support with your compliance queries.