The Authority has published a summary of submissions relating to its review of transmission pricing

• Summary of submissions – avoided costs of transmission for distributed generation.

Back to top

The Authority has published submissions on improving the efficiency of prices in pivotal supplier situations.

• Submissions

Back to top

Submissions on the clearing manager's proposed draft methodologies for the new settlement and prudential arrangements that come into effect on 24 March 2015 are available from the NZX website:

• Submissions on proposed draft methodologies for the new settlement and prudential arrangements

The draft methodologies are to determine:

• the settlement retention amount
• the forward estimate of the minimum amount of security to be provided by participants
• general prudential requirements.

Information about the project to implement the new settlement and prudential security arrangements is also available on the NZX website:

• Project information on NZX website

Back to top

The Authority has identified that the costs associated with implementing the 2014 financial transmission rights (FTR) allocation plan are substantially higher than originally anticipated.

The Authority is reviewing the cost-benefit analysis for the three new FTR hubs and reconfiguration auctions based on the most up to date information. 

The Authority has requested that the clearing manager and the FTR manager continue to commit to delivering the changes required by 1 November 2014 while this review is carried out. A further update will be provided in the Market Brief on 13 May 2014.
 

Back to top

The Authority has granted Contact NZ Limited an exemption (No. 197) from compliance with various clauses in Part 11 and Part 15 of the Electricity Industry Participation Code (Code).  The Authority has published the Gazette notice, including reasons for approval, on the exemptions page of its website.

• Exemptions

Back to top

The following documents have been updated and the latest versions are now available on the Authority’s website:

• Dispatchable demand – questions and answers
• Dispatchable demand - effects on all participants

Back to top

Proposed amendments to the information system definition

The Authority is consulting on proposed amendments to the information system definition (ISD).

• Proposed amendments to the information system definition

Started: 08/04/2014; Ending: 30/04/2014 5pm

More standardisation of use-of-system agreements

• More standardisation of use-of-system agreements

Started: 08/04/2014; Ending: 20/05/2014 5pm

Efficient procurement of extended reserves

The Authority is consulting on a draft Code amendment for extended reserves

• Efficient procurement of extended reserves

Started: 08/04/2014; Ending: 20/05/2014 5pm

Barriers to group switching and mass-market aggregation

The Authority is consulting on a review of barriers to group switching and mass-market aggregation.

• Barriers to group switching and mass-market aggregation

Started: 08/04/2014; Ending: 20/05/2014 5pm

Back to top

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.

Back to top