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Electricity Industry Act 2010

Electricity industry governance - Monitoring and enforcement - Code enforcement

58: Suspension and termination for breach of certain Rulings Panel orders

You could also call this:

“Rules for stopping companies from working in the electricity industry if they break important rules”

The Rulings Panel can suspend or terminate an industry participant’s involvement in certain situations. This can happen in two cases:

  1. If the industry participant doesn’t follow an order from the Rulings Panel, and this failure seriously affects how well the wholesale electricity market or transmission system works or its financial stability.

  2. If the Authority has already stopped a generator or purchaser from trading (as allowed by section 49), and then asks the Rulings Panel to completely end their involvement.

These rules help make sure that everyone follows the important decisions made by the Rulings Panel, and that the electricity market stays safe and stable.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM2634398.

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57: Offence to breach certain orders of Rulings Panel, or

"You must follow certain orders from the Rulings Panel or you might get in trouble"

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59: Effect of suspension and termination orders, or

"What happens when someone breaks electricity industry rules and gets suspended or kicked out"

Part 2 Electricity industry governance
Monitoring and enforcement: Code enforcement

58Suspension and termination for breach of certain Rulings Panel orders

  1. The Rulings Panel may make a suspension order or a termination order against an industry participant if—

  2. the industry participant has failed to comply with an order of the Rulings Panel, and the failure has seriously prejudiced the operational or financial security of the wholesale market or transmission system for electricity; or
    1. the Authority has suspended trading in a generator or purchaser under section 49 and applies to the Rulings Panel for a termination order.

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