The bill has four main purposes, which are informed by its sponsor, the Hon Dr Megan Woods: to provide for the establishment of a small electricity consumer advocacy agency and enable the levy on industry participants to recover the Government's costs relating to small electricity consumer advocacy. To remove ambiguity in the ability of the electricity authority to amend the Electricity Industry Participation Code 2010, the code for the purposes of protecting household and small business consumers. Thirdly, provide more regulatory agility to promote competition in evolving contestable markets by shifting from the Act to the code a number of existing provisions relating to a distributor's involvement in regeneration or retailing activities. And fourthly, ensure that the code can regulate distribution access terms and conditions, as it already does in relation to Transpower.