Background
6. The GPS is made pursuant to section 172ZK of the Electricity Act 1992. It sets the objectives and outcomes the Government wants the Electricity Commission (the Commission) to give effect to in relation to the governance of the electricity industry.
7. Cabinet recently agreed to commence a Ministerial review of electricity market performance. The purpose of the review will be to improve the performance of the electricity market and its institutions and governance arrangements in order to better achieve the Government's objectives for the electricity [CAB Min (09) 11/11 refers]. I also intend to review the energy strategy promulgated by the previous Government. I expect that both of these reviews may result in significant changes to the GPS.
8. Accordingly, the revisions I propose to make at this time are limited just to those matters that warrant more urgent attention.
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