Market Brief

17 February 2015
 

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

 
 

Contents

 
 
 
 
 
 
 

Industrial co-generation Code amendment approved

 
 

The Authority Board has amended the Code to enable approved industrial co-generators to be more flexibly dispatched. The Authority has published a paper outlining the reasons for this decision. A Gazette notice will be published shortly and the amendment will come into force on 27 May 2015.

The Authority has also published a summary of the submissions made on the consultation paper proposing the amendment. 

Back to top Back to top
 
 
 
 
 
 
 

Industrial co-generation Code amendment requires revised settlement and prudential methodologies

 
 

As a result of this Code amendment, the clearing manager, NZX, will need to make minor changes to its methodology for determining the general prudential requirements.  NZX has developed the necessary changes and is now seeking feedback on them.

Submissions are due to NZX by 5pm on 27 March 2015.  After considering submissions, NZX will submit finalised methodologies to the Authority for approval.
Back to top Back to top
 
 
 
 
 
 
 

Presentation slides published: Improving transparency of consumers’ electricity charges

 
 

On 10 February 2015, the Authority held a workshop to give interested parties an opportunity to ask questions and provide oral feedback about draft guidelines for retailers’ and distributors’ communications about price changes with media and consumers.

A reminder that feedback on the draft guidelines is requested by 5pm today.
The Authority considers that improving transparency of consumers’ electricity charges would promote competition and enhance the durability of the electricity market by reducing consumers’ confusion about the reasons for price changes and by improving consumers’ confidence and level of engagement in the electricity market. 
Back to top Back to top
 
 
 
 
 
 
 

Category 1 inspection notification

 
 

A reminder to all metering equipment providers with category 1 metering installations that their annual reports for inspections conducted for the 2014 calendar year is due to market.operations@ea.govt.nz by 1 April 2015. 

The requirement to submit this report is contained in clause 45(8) of schedule 10.7. 

 

Back to top Back to top
 
 
 
 
 
 
 

List of agents used by certified reconciliation participants

 
 

Clause 6(b) of schedule 15.1 of the Code requires the Authority to publish, and keep updated, a list of agents used by certified reconciliation participants. 

A recent review identified that the Authority had not published this list. This list is now available on the Authority website. 

 

Back to top Back to top
 
 
 
 
 
 
 

Current consultations

 
 

Proposed amendment to the HHR switching process for AMI switch meter readings

The Authority is consulting on a proposed amendment to the HHR switching process for AMI switch event meter readings.

Started: 20/01/2015; Ending: 24/02/2015 5pm

 

Back to top Back to top
 
 
 
 
 
 
 

NZ electricity hedge contracts - 13 February 2015

 
 

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 Back to top