Consultation paper on within-island basis risk (WIBR)

The Authority has published a consultation paper ‘Within-island basis risk: proposed approach’ proposing a multi-point FTR as the preferred approach to assist participants to manage their within-island basis risk. The proposal is based on feedback received from the Locational Price Risk Technical Group and is a key initiative for further enhancing competition in the retail electricity market.

• Within-island basis risk: proposed approach 

Parties are requested to make a submission by emailing submissions@ea.govt.nz with “Consultation Paper – Within-island basis risk: proposed approach” in the subject line no later than 5pm on Tuesday 6 August 2013.

Submissions on the review of domestic contracting arrangements

Submissions have been published for the Retail Advisory Group’s issues paper on domestic contracting arrangements.

• Submissions

Submissions on the operational review of Part 6

Submissions have been published on the consultation about ‘Operational review of part 6.’

• Submissions

Draft determination of causers of under-frequency events on 16 and 20 May 2013

The system operator has made draft determinations on the causers of the under-frequency events on 16 and 20 May 2013. The draft determinations have been published on WITS and submissions on them should be forwarded to the system operator at market.services@transpower.co.nz by 5pm on Monday, 8 and Wednesday, 3 July 2013 respectively.

Consultation calendar: June 2013

The Authority has published an update to its consultation calendar. The calendar provides indicative timings for upcoming consultation processes and related Board decisions.

• Consultation calendar

Current Consultations

Temporary changes to the configuration of the grid

The Authority is seeking feedback on a proposal to amend the Code to enable Transpower to make temporary changes to grid configuration in certain situations. The proposed Code amendment replaces a temporary Code amendment that expires in December 2013 and was introduced to promote efficient levels of reliability.

• Consultation on temporary changes to the configuration of the grid

Started: 11/6/2013; Ending 23/7/2013, 5pm.

Pricing in a pivotal supplier situation

The Wholesale Advisory Group (WAG) seeks feedback from interested parties on a discussion paper entitled:  ‘Pricing in pivotal supplier situations’.  The discussion paper considers options for achieving efficient spot market prices during pivotal supplier situations, which is important for enhancing competition in the retail electricity market. The WAG will consider submissions from interested parties before providing advice and recommendations to the Authority.

• Pricing in pivotal supplier situations discussion paper

Started 28/5/2013; Ending 9/7/2013 5pm

Settlement and Prudential Security Review

The Authority is seeking feedback on a proposal to amend the Code to improve the wholesale market settlement and prudential security system.  The proposed Code amendments are substantially based on the work of the Wholesale Advisory Group, and take into account feedback received from the Settlement and Prudential Security Technical Group.  The proposals in this paper are important for enhancing competition in the retail electricity market.

• Settlement and prudential security review: consultation paper

Started: 18/06/2013; Ending: 20/08/2013, 5pm.

Arrangements to manage a retailer default situation

The Authority is seeking feedback on a proposal to amend the Code to establish arrangements for managing a situation where an electricity retailer does not meet its financial obligations or becomes insolvent (a retailer default situation). The Authority is also proposing to introduce guidelines describing the detailed processes and actions that would be taken if there is a retailer default situation.

• Arrangements to manage a retailer default situation

Started: 18/06/2013, Ending: 20/08/2013 5pm