Amendments to Transpower information disclosure requirements 2024
This page was updated8 days ago
We have made changes to the information disclosure (ID) requirements for Transpower as required under Part 4 of the Commerce Act 1986.
The purpose of Part 4 of the Commerce Act 1986 is to promote the long-term benefits for consumers in markets where there is little or no competition and little or no likelihood of a substantial increase in competition.
Part 4 requires Transpower to disclose information about their performance with the aim of encouraging them to improve efficiency and quality as well as incentives to innovate and invest.
The legal framework we apply when setting or amending ID requirements to Transpower is set out in the Part 4 Information Disclosure Framework paper.
We have now published the Information Disclosure (Transpower Amendment Determination 2024) Final Decision below.
The need for this review
The purpose of the ID (Transpower Amendment Determination 2024) review is to align ID requirements with the changes arising from the Input Methodologies Review 2023 and the new Transmission Pricing Methodology (published by the Electricity Authority).
We have also considered some changes from Transpower exemptions to information disclosure requirements and fixing simple clarifications and errors. The focus is on amendments which need to be implemented by April 2025.
Transpower information disclosure issues and guidance register
We publish a Transpower information disclosure (ID) issues and guidance register to record any issues or queries stakeholders raise about implementing the ID requirements, and our response to them.
Throughout this process, we have worked closely with Transpower and other stakeholders on changes to ID requirements which we expect to improve the long-term benefit of consumers.
This view shows the latest stage in the project. Click on the circled dates to see details.
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Note: these dates are indicative only and are subject to change.
13 Nov 2024
Completed
ID (Transpower Amendment Determination 2024) Final Decision published