(1) The Authority must
not exercise a power conferred by this Division or Division 2 unless the
Authority is satisfied that it would not be contrary to the public interest to
do so.
(2) Without limiting
the other matters that may be taken into account, the Authority, in
determining whether the exercise of the power would not be contrary to the
public interest, must take into account the following —
(a)
environmental considerations;
(b)
social welfare and equity considerations, including community service
obligations;
(c)
economic and regional development, including employment and investment growth;
(d) the
interests of customers generally or of a class of customers;
(e) the
interests of any registration holder or applicant for registration who may be
affected by the exercise of the power;
(f) the
importance of competition in electricity industry markets;
(g) the
policy objectives of government in relation to the supply of electricity.
(3) The Authority is
not required to comply with subsection (1) and the Economic Regulation
Authority Act 2003 section 26(1)(a) in the circumstances prescribed in the
regulations.
[Section 59F inserted: No. 10 of 2024 s. 14.]