4.2.4 Actions reducing the cost of delivering energy – Action # Action Timeframe Government-owned energy businesses will adopt 2014-15 Budget 22 policies, as outlined in the Fiscal Strategy chapter of Budget Paper no. Immediate 1, for all Government owned businesses. Government will work closely with the three electricity businesses to drive ongoing efficiency improvements. Targeted efficiency 23 2015/16 frameworks and measures, including cost, service and rates of return for each business will be established through the annual SCI process. Strengthen the oversight of energy business Board performance by 24 Immediate Ministers. Clearly set out roles and expectations of the Government’s energy 25 businesses, with capital structures and risk appetite statements set 2015/16 accordingly. Ensure that Government Departmental arrangements allow for effective, efficient and consistent development and delivery of energy 26 2015/16 policy, including reviewing Electricity Supply Industry legislation to ensure it remains contemporary. Review the current network planning and demand forecast 27 arrangements and consider potential alternatives in an effort to ensure 2015/16 efficient network costs while ensuring reliability is not compromised. Review network customer connection outcomes to identify 28 2016/17 opportunities for reform. 29 Align transmission and distribution regulatory periods. 2018/19
4.2.4 Actions – reducing the cost of delivering energy Action # Action Timeframe 22 Government-owned energy businesses will adopt 2014-15 Budget policies, as outlined in the Fiscal Strategy chapter of Budget Paper no. 1, for all Government owned businesses. Immediate 23 Government will work closely with the three electricity businesses to drive ongoing efficiency improvements. Targeted efficiency frameworks and measures, including cost, service and rates of return for each business will be established through the annual SCI process. 2015/16 24 Strengthen the oversight of energy business Board performance by Ministers. Immediate 25 Clearly set out roles and expectations of the Government’s energy businesses, with capital structures and risk appetite statements set accordingly. 2015/16 26 Ensure that Government Departmental arrangements allow for effective, efficient and consistent development and delivery of energy policy, including reviewing Electricity Supply Industry legislation to ensure it remains contemporary. 2015/16 27 Review the current network planning and demand forecast arrangements and consider potential alternatives in an effort to ensure efficient network costs while ensuring reliability is not compromised. 2015/16 28 Review network customer connection outcomes to identify opportunities for reform. 2016/17 29 Align transmission and distribution regulatory periods. 2018/19