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  • Home
  • Consumers
    • Consumers
    • COVID-19 advice for consumers
    • What is electricity?
    • What does the Electricity Authority do?
    • How does electricity get to my house?
    • What to expect from your electricity retailer
      • What to expect from your electricity retailer
      • Consumer care guidelines
      • What happens if the hydro lakes are low?
    • What are smart meters?
      • What are smart meters?
      • Does my meter need to be recertified?
    • I want to make a complaint
    • Making a complaint - frequently asked questions
    • How do I switch electricity companies?
      • How do I switch electricity companies?
      • What happens if my retailer goes out of business?
      • Will I still get my local energy trust rebate if I switch electricity retailer?
    • How do I generate my own electricity?
      • How do I generate my own electricity?
      • What do I need to know about solar panels?
    • Your power data in your hands
      • Your power data in your hands
      • My usage
      • My meter
      • My plan
    • My power bill
      • My power bill
      • Is my electricity bill too high?
      • Why is my electricity bill higher in winter?
      • Is a spot price contract right for me?
      • Jargon Buster
    • The Electricity Price Review (EPR)
    • Retailer default customer support
  • Development
    • Development
    • Why we work on developing the electricity market
      • Why we work on developing the electricity market
      • Transition to Low Emissions Energy System
    • Advisory and technical groups
      • Advisory and technical groups
      • Innovation and Participation Advisory Group (IPAG)
      • Market Development Advisory Group (MDAG)
      • Security and Reliability Council (SRC)
      • Standing Data Formats Group (SDFG)
      • Settlement and Prudential Security Technical Group (SPSTG)
      • Switch Technical Group (STG)
      • Proposal to amend requirement for advisory group Chairs to be independent
      • Disestablished groups
    • Our work programme
      • Our work programme
      • Evolving technologies and business models
      • Consumer choice and competition
      • Pricing and cost allocation
      • Risk and risk management
      • Operational efficiencies
  • Monitoring
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    • Market performance and analysis
      • Market performance and analysis
      • Why we monitor market performance
      • What we monitor in the industry and market
      • Monitoring trading conduct
    • Electricity Market Information website (EMI)
    • Enquiries, reviews and investigations
      • Enquiries, reviews and investigations
      • Our three-stage process
      • 2023
      • 2022
      • 2021
      • 2019-2020
      • 2018
      • 2017
      • 2016
      • 2015
      • 2014
      • 2013
      • 2012
      • 2011
      • 2010
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      • Wholesale market
      • Spot pricing
      • Hedge market
      • Security of supply
      • Information disclosure
    • Transmission
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      • Transmission system
      • Transmission agreements
      • Transmission pricing
      • Grid management
      • Grid reliability standards
    • Distribution
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      • Distributors
      • Distribution pricing
      • Losses
      • Distributed generation
      • Connecting and electrically connecting NSPs and ICPs
    • Retail market
      • Retail market
      • Retailers
      • Metering
      • The registry
      • Electricity information exchange protocols (EIEPs)
      • Audits, approvals and certification
      • Reconciliation
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      • Participant register
      • How to register as a participant
      • Participant identifiers
      • Participant events and education
      • Electricity Education portal
    • Market operation service providers
      • Market operation service providers
      • Clearing manager
      • FTR manager
      • Reconciliation manager
      • Registry manager
      • System operator
      • WITS manager
    • Consumer services
      • Consumer services
      • Provide a service with electricity data
  • Code & Compliance
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      • Act and Regulations
      • How the Act, Code and Regulations fit together
      • Part 3 of the Act and Part 6A and Schedule 6A.1 of the Code
      • Regulations
    • The Code
      • The Code
      • Documents incorporated into the Code by reference
      • Historical versions of the Code
      • Amendments
      • Code exemptions
      • How the Code maps to the Electricity Governance Rules
      • Approved Systems Document
      • 2.16 Notices
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      • What is an undesirable trading situation?
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      • Our role in the electricity industry
      • How we are funded
      • Vision, values, mission
      • Stakeholder engagement
      • Working with other agencies
      • History of government involvement in electricity
      • What's My Number
    • Strategic planning and reporting
      • Strategic planning and reporting
      • Strategy reset 2020
      • Statement of Intent
      • Statement of Performance Expectations
      • The Annual Corporate Plan
      • Annual Report 2021/22
      • Year in review
      • Foundation documents
      • Memoranda of understanding
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Consultations

Overview
Consultations
  •  

    Review of undesirable trading situation provisions

    Closed

    19 Mar – 01 May 2013  

     

    10 submissions received (view submissions)

    The Electricity Authority has reviewed the undesirable trading situation (UTS) provisions in the Code in light of experience with the UTS which occurred on 26 March 2011. The review also takes account of comments by the High Court in relation to the drafting of the current UTS provisions.

    The review did not identify a need for any fundamental changes, but has highlighted a number of areas where the Code could be improved.

    These are:

    • The definition of a UTS is unclear in some respects
    • There is currently no time limit on how far into the past a UTS investigation may apply, and this detracts from industry certainty
    • The remedy provisions are unclear in some respects, and could impede the adoption of the most efficient UTS remedy at times.

    The Authority has prepared a consultation paper which proposes Code amendments to address these issues.

    Consultation Papers

    • Consultation Paper - Review of undesirable trading situation provisions

      Consultation-Paper-UTS-provisions-March-2013.pdf (PDF, 273 KB)

      Last updated: 26 June 2015

    Summary of submissions

    • Appendix 1 - Response table

      Appendix-1-Response-table.pdf (PDF, 547 KB)

      Last updated: 18 August 2016

    • Decision paper – UTS provisions amendment

      Decision-paper-UTS-provisions-amendment.pdf (PDF, 817 KB)

      Last updated: 18 August 2016

    Submissions

    • Download a ZIP file containing all documents

    • Contact Energy

      Contact-Energy.pdf (PDF, 385 KB)

      Last updated: 18 August 2016

    • Genesis Energy Limited

      Genesis-Energy.pdf (PDF, 380 KB)

      Last updated: 18 August 2016

    • Major Electricity Users' Group

      MEUG.pdf (PDF, 31 KB)

      Last updated: 18 August 2016

    • Meridian Energy

      Meridian-Energy.pdf (PDF, 419 KB)

      Last updated: 18 August 2016

    • Mighty River Power Limited

      Mighty-River-Power.pdf (PDF, 86 KB)

      Last updated: 18 August 2016

    • Nova Energy

      Nova-Energy.pdf (PDF, 173 KB)

      Last updated: 18 August 2016

    • Powershop

      Powershop.pdf (PDF, 1 MB)

      Last updated: 26 June 2015

    • Transpower

      Transpower.pdf (PDF, 89 KB)

      Last updated: 18 August 2016

    • TrustPower

      TrustPower.pdf (PDF, 305 KB)

      Last updated: 18 August 2016

    • Vector

      Vector.pdf (PDF, 164 KB)

      Last updated: 18 August 2016

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