Commentary on provisions of the Act Section 11: Modification of electricity codes etc: settlement using smart meter information
This Section gives powers to the Authority to make modifications to a document maintained in accordance with an electricity licence, and to an agreement that gives effect to such a document.
	Subsection (2) provides that this power is exercisable when the Authority considers that it is necessary or desirable for the purpose of enabling or requiring suppliers to calculate half-hourly electricity imbalances using information about their customers’ actual consumption of electricity on a half-hourly basis..
	Subsection (3) provides that the power to make modifications under this Section includes a power to make provision about the determination of payment in connection with half-hourly electricity imbalances, a power to remove or replace all of the provisions of a document, a power to make different provision for different purposes and a power to make incidental, supplementary, consequential or transitional amendments.
	Subsection (4) provides that the power cease to be exercisable 5 years after the power comes into force.
	Subsection (5) defines the terms used in Section 11.