We are working with the extended reserve manager (NZX) and the system operator on a joint plan to develop and implement the new extended reserve arrangements. This follows extensive industry engagement and an amendment to the Electricity Industry Participation Code 2010 (Code) in June 2014.

Efficient procurement of extended reserve will enhance the reliability and resilience of the electricity system in the event of a large loss of supply. 

As part of this project, we will seek engagement from industry stakeholders in two stages:

1. We will hold a series of workshops with potential North Island-based providers of extended reserve. At the workshops we will explain the joint plan, discuss data requirements, test an example procurement schedule and gather feedback on draft materials. Information from the workshops will help us to prepare for formal consultations to be held in 2016. 
   
   Details about the first workshop, expected to be held in September 2015, will be advised in an upcoming edition of Market Brief.
2. We will consult with the wider industry in May 2016. We will consult simultaneously on the draft technical requirements schedule (TRS), the draft selection methodology (SM), and an example procurement schedule. 

We expect to publish the TRS, SM and procurement schedule in September 2016 before beginning a formal process to develop the draft procurement schedule.

• Further details about the project
• Extended reserve manager project page
• System operator project page

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We have published video footage from the Transmission Pricing Methodology workshop that we held in Auckland on Tuesday, 7 July 2015.

• Auckland workshop video footage

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We have published the latest quarterly update of proposed and consented generation plant on EMI.

• Proposed and consented generation plant

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Hedge market development: Enhancing trading of hedge products

The Authority is consulting on enhancing trading of hedge products.

• Hedge market development

Started: 9/06/2015; Ending: 21/07/2015 5pm

Retail Data: Access to tariff and connection data 

The Authority is consulting on access to retail tariff and connection data.

• Retail data

Started: 23/06/2015; Ending: 4/08/2015 5pm

Transmission Pricing Review: Transmission Pricing Methodology

The Authority is consulting on a Transmission Pricing Methodology options working paper and a companion paper.

• Transmission Pricing Review

Started: 16/06/2015; Ending: 11/08/2015 5pm

Code Review Programme 2015

The Authority is consulting on a number of discrete amendments to various parts of the Code.

• Code Review Programme

Started: 30/06/2015; Ending: 14/08/2015 5pm

Bid and offer provisions of the Code: Shortened gate closure and revised bid and offer revision provisions

The Authority is consulting on shortened gate closure and revised bid and offer revision provisions.

• Bid and offer provisions of the Code

Started: 7/07/2015; Ending: 19/08/2015 5pm

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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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