Market Brief

27 May 2014
 

Welcome to Market Brief, the Electricity Authority’s weekly update on regulatory and market developments.

 
 

Contents

 
 
 
 
 
 
 

Submissions on barriers to group switching and mass-market aggregation

 
 
The Authority has published submissions on barriers to group switching and mass-market aggregation.
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Submissions on more standardisation of use-of-system agreements

 
 

The Authority has published submissions on more standardisation of use-of-system agreements.

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Submissions on efficient procurement of extended reserves – draft Code amendment

 
 

The Authority has published submissions on the draft Code amendment which would replace the automatic under-frequency load shedding system with a new extended reserves regime.

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A review of the Electricity Industry (Enforcement) Regulations 2010

 
 

As part of a first principles review of its compliance framework, the Authority decided to also review the Electricity Industry (Enforcement) Regulations 2010 (Enforcement Regulations), and pass its findings to the Ministry of Business, Innovation and Employment (MBIE).  MBIE is responsible for administering the Enforcement Regulations.

The Authority is also reviewing the liability arrangements for all market operation service providers, ancillary service agents, asset owners, and in respect of electricity metering standards and metering information. This includes reviewing the liability limits set out in the Enforcement Regulations, along with the structure of the liability limits and whether they are best placed in the Enforcement Regulations. Since any change to the liability limits for these service providers would require a change to the Enforcement Regulations, it makes sense to consider this issue as part of the review of the Enforcement Regulations.

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Exemption granted by the Authority

 
 

The Authority has granted Contact Energy Limited an exemption (No. 200) from compliance with the unmetered load threshold in clause 10.14(2)(b) of the Electricity Industry Participation Code 2010. The exemption applies in respect of 6 listed ICPs.  Once it has been gazetted, the Authority will publish the Gazette notice, including reasons for approval, on the exemptions page of its website.

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Current consultations

 
 

Transmission Pricing Methodology (TPM): Connection charges working paper

The Authority is consulting on the TPM connection charges working paper.

Started: 06/05/2014; Ending: 24/06/2014 5pm

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NZ electricity hedge contract - 23 May 2014

 
 

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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