Market Brief

 26 August 2014
 

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

Contents
 
 
 
 
 
 
 

Proposed Code amendments: Implementing retailer default
 
 
In November 2013, the Authority amended the Electricity Industry Participation Code 2010 (Code) to include new retail default provisions. The new provisions allow the Authority to manage a situation in which a retailer does not meet its financial obligations or becomes insolvent. The Authority is now seeking feedback on proposed minor amendments to the Code to ensure that the Authority is able to manage all retailer defaults.

In the event of a retailer default, the Authority may assign the customers of the defaulting retailer to other retailers. The proposed minor Code amendments will enable traders to provide information to the Authority about ICPs at which they cannot trade. It will also ensure that traders that are assigned new customers as the result of another retailer defaulting are able to contact those customers.
The Authority invites submissions on the consultation paper by 5pm on Friday 3 October 2014.
 
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Consultation on industrial co-generator dispatch arrangements
 
 

The Authority is seeking feedback on its proposal to amend the Code  to provide industrial co-generators with more dispatch flexibility to avoid unnecessary costs imposed by the current provisions.  The proposed amendment is intended to improve the operational efficiency of the market, and improve the accuracy of dispatch and final pricing schedules.  

Submissions close at 5pm on Wednesday, 8 October 2014.

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Current consultations
 
 

Improving transparency of consumers’ electricity charges

The Authority is consulting on improving transparency of consumers’ electricity charges.

Started: 24/06/2014; Ending: 26/09/2014 5pm

Transmission Pricing Methodology Review: Long Run Marginal Cost Charges working paper

The Authority is consulting on Long Run Marginal Cost Charges.

Started: 29/07/2014; Ending: 23/09/2014 5pm

Settlement and Prudential – Code amendments and changes to levy regulations

The Authority is consulting on Settlement and Prudential – Code amendments and changes to the levy regulations.

Started: 12/08/2014; Ending: 09/09/2014 5pm

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NZ electricity hedge contract - 22 August 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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