Glossary

Electricity Governance Establishment Committee (EGEC): An oversight body of industry representatives, set up to establish a governance structure for the electricity industry under the oversight of an Electricity Governance Board. The EGEC was disestablished after the Government’s decision to set up the Electricity Commission.

Electricity Commission Establishment Unit (ECEU): A unit within the Ministry of Economic Development set up to establish the Electricity Commission.

Electricity Commission Establishment Unit Steering Group (ECEU Steering Group): The ECEU Steering Group was comprised of staff of the Ministry of Economic Development, who oversaw the work of the ECEU.

Electricity Governance Regulations 2003: Statutory Regulations covering the operation of the electricity market, and required under the Electricity Act 1992. They provide for the monitoring and enforcement of the Electricity Governance Rules, and specify other matters relating to those rules, including liability, appeals, and exemptions.

Electricity Governance Rules: Rules made by the Minister of Energy covering the operation of the electricity market, and required under the Electricity Act 1992. They set out the responsibilities of various market participants, the Commission’s duties and responsibilities, as well as a number of decisions relating to Transpower and the transmission grid.

New Zealand Electricity Market Rules: The rules established between market participants, by multilateral contract under the electricity industry’s self-governing arrangements, before the Electricity Commission was established.

Service providers: Parties providing services to the Electricity Commission for the operation of the New Zealand electricity market.

Sole source procurement: When the purchaser of services negotiates with only one party for the provision of those services.