Market Brief

21 April 2015
 

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

 
 

Contents

 
 
 
 
 
 
 

Transpower’s proposed variation to the Transmission Pricing Methodology – consultation paper released

 
 

Transpower submitted to the Electricity Authority a proposed variation to the transmission pricing methodology (TPM) on 13 February 2015, and proposed two additional components of the variation on 24 March 2015. The variation arises out of Transpower’s operational review of the TPM.

We are now consulting on the following four components of Transpower’s proposed variation:

  • using N=100 peaks for regional coincident peak demand (RCPD) in all four regions
  • excluding summer trading periods (1 November to 30 April inclusive) from the calculation of RCPD in all four RCPD regions
  • requiring Transpower to adjust RCPD quantities for a customer, where an increase in the customer’s electricity consumption would alter the timing of the peaks in the customer’s region and the increased consumption would not affect transmission investment requirements
  • adjusting transmission charges when electricity exits the transmission system into a distributor’s network at one location and flows back into the transmission system at another location. This is termed a reverse flow situation.

Following consultation, we will decide whether to amend the Code to implement these proposed changes.

Submissions on the consultation paper close at 5pm on 2 June 2015.

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Retail Advisory Group: Review of secondary networks issues and options paper published

 
 

The Retail Advisory Group (RAG) has published a paper that looks at issues and problems with secondary networks, and options for improvement that promote competition, reliability and efficiency for the long-term benefit of consumers. 

The RAG will use feedback from participants and consumers to develop advice and recommendations to the Authority on these arrangements.

Submissions close at 5pm on Tuesday 2 June 2015.

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Published: Retail Advisory Group minutes

 
 

We have published the minutes from the 12 March 2015 meeting of the Retail Advisory Group (RAG).

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Reconciliation participant forum

 
 

We will hold a reconciliation participant forum at Cliftons, 100 Willis Street, Wellington on 23 June 2015, starting at 9.00 am.

The forum includes a workshop session to discuss operational issues and problems. Participants may suggest additional topics to be included in discussion.

If you are interested in attending the forum, please email your name, contact details and any additional topic requests to marketoperations@ea.govt.nz with ‘June 2015 reconciliation participant forum’ in the subject line. Please note that the venue size means we may have to limit the number of people per organisation who can attend.

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Distributor workshop

 
 

We will hold a distributor workshop at Cliftons, 100 Willis Street, Wellington on 24 June 2015, starting at 8.30 am.

This workshop is intended as a training workshop for distributor staff on industry structure, processes, and Code requirements. Other interested parties may also register to attend. Attendees should note that there may be some pre-reading required. 

If you are interested in attending the workshop, please email your name, contact details any additional topic requests to marketoperations@ea.govt.nz with ‘June 2015 distributor workshop’ in the subject line. Please note that the venue size means we may have to limit the number of people per organisation who can attend.

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Current consultations

 
 

Transpower TPM operational review

Transpower’s proposed variation to the Transmission Pricing Methodology

Started: 21/04/2015; Ending: 02/06/2015 5pm

Competition and Efficiency on Secondary Networks: Retail Advisory Group

Review of Secondary Networks issues and options paper

Started: 21/04/2015; Ending: 02/06/2015 5pm

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NZ electricity hedge contracts - 17 April 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.

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