New Zealand Acts

ELECTRICITY INDUSTRY ACT 2010 - SECT 148

148 Commission's costs in setting customised price-quality path

1 The heading to section 53Y is amended by omitting in setting and substituting relating to assessing, setting, and reconsidering.

2 Section 53Y(1) is amended by omitting setting and substituting assessing a proposal for, and setting or reconsidering,.

3 Section 53Y is amended by inserting the following subsection after subsection (1):

1A If the amount paid by a person in respect of a proposal for a customised price-quality path exceeds the Commission's costs in assessing the proposal and (if applicable) setting or reconsidering the customised price-quality path, the Commission may refund the excess to the person who paid it.