Electricity Authority (New Zealand)
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| File:ElectricityAuthorityNZ-logo.svg | |
| Agency overview | |
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| Headquarters | Level 7, ASB Bank Tower, 2 Hunter Street, Wellington |
| Agency executive |
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| Website | www |
The New Zealand Electricity Authority is an independent Crown entity responsible for the regulation of the New Zealand electricity market.[1] The Authority was established in November 2010, following a government review[2] 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[3] 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
