Locational Price Risk Technical Group membership
In March the Authority called for nominations for up to eight members of the Locational Price Risk Technical Group (LPRTG), due to the expiry of existing members’ terms.
Six nominations were received and appointed.
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Electricity Authority decides not to invoke minor pricing error
On 30 April 2013, the pricing manager (NZX) informed the Authority of a falsely detected metering situation for trading periods 06:00 to 23:30 on 28 April 2013. Authority staff considered the cost of claiming a pricing error, but did not proceed due to its low estimated impact, and with the cost of investigating it likely to exceed the market impact.
The Authority has met with NZX to discuss this matter and the cause of the error has been identified and resolved
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Retail Advisory Group: 17 April 2013
The minutes for the Retail Advisory Group meeting held on 17 April 2013 are available.
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Current Consultations
Options for increasing consumers propensity to compare and switch retailers
The Retail Advisory Group is considering options for promoting retail competition by increasing consumers’ propensity to compare and switch retailers. The project’s purpose is to identify actions the Authority might take after 30 April 2014 to increase consumers’ propensity to compare and switch retailers. Starting: 9/4/2013. Ending: 4/6/2013, 5pm.
Review of domestic contracting arrangements: issues paper
The Retail Advisory Group is seeking feedback on issues relating to the operational effectiveness of the domestic contracting arrangements, so it can identify specific issues to be addressed. Starting: 16/4/2013. Ending: 11/6/2013, 5pm.
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NZ electricity hedge contracts - 3 May 2013
 Information plays an important part in building market confidence and strength.
To assist interested parties in tracking market development, the Authority publishes NZ electricity hedge contracts as a standard section of its weekly Market Brief.
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