This note is not part of the regulations, but is intended to indicate their general effect.

These regulations, which come into force on 1 August 2015, amend the Electricity Industry (Participants and Roles) Regulations 2012.

They relate to the appointment by the Electricity Authority of an extended reserve manager under new extended reserve arrangements for managing rare and extreme events that threaten security of supply of electricity. The arrangements were included in the Electricity Industry Participation Code 2010 (the Code) in 2014.

These regulations identify the extended reserve manager role as a market operation service provider role. This is additional to the persons listed in the definition of market operation service provider in section 5 of the Electricity Industry Act 2010. Market operation service providers are subject to that Act and, in particular, to the Electricity Industry (Enforcement) Regulations 2010. Under that Act, the definition of market operation service provider is any person appointed by the Electricity Authority under the Code to perform a market operation service provider role. The person appointed to perform this role will therefore be a market operation service provider.

A companion regulation, the Electricity Industry (Enforcement) Amendment Regulations 2015, defines the extended reserve manager and sets limits on the person’s liability.