Recommendations
47. It is recommended that the Committee:
1. Note that the Government Policy Statement on Electricity Governance (GPS) sets the objectives and outcomes the Government wants the Electricity Commission to give effect to in relation to governance of the electricity industry;
2. Note that a draft GPS was released for consultation and 32 submissions were received.
3. Note that the attached Government Policy Statement on Electricity Governance has been revised and updated to:
3.1 remove references to the New Zealand Energy Strategy (NZES) and New Zealand Energy Efficiency and Conservation Strategy (NZEECS);
3.2 emphasise the priority this Government accords to security of supply policy; and
3.3 express the Government's desire to facilitate small grid upgrade investments by streamlining the investment approval process under the Electricity Governance Rules.
4. Approve the attached Government Policy Statement on Electricity Governance.
5. Invite the Minister of Commerce to transmit the GPS to the Commerce Commission pursuant to section 26 of the Commerce Act 1986 as a statement of Government policy;
6. Note that the Minister of Energy and Resources intends to release this Cabinet paper and the Regulatory Impact Statement on the Ministry of Economic Development website, after it has been approved by Cabinet.
Hon Gerry Brownlee
Minister of Energy and Resources
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