7 June 2016

 

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

 
 

Contents

 
 
 
 
 
 
 
 

Distribution pricing conference

 
 

We will hold a conference on the Implications of evolving technologies for pricing of distribution services issues paper, on Wednesday, 17 August 2016.

We received 54 submissions on the issues paper across a range of topics.  Submissions have raised questions about how the industry can move towards developing more efficient distribution pricing for the long-term benefits of consumers. In several cases, we need further information to analyse or test the issues presented. 

The conference will provide an opportunity for you to hear about the issues raised, to ask questions and to advance an industry-led approach to resolving the issues. 

If you wish to attend please email your name and organisation to conference@ea.govt.nz, with ‘Distribution pricing conference” in the subject line by Friday 17 June. This isn’t a guarantee of attendance. You will receive a formal invitation to confirm the conference details.

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Stress test scenarios unchanged for the July–September 2016 quarter

 
 

The stress test scenarios that we previously published on our website will apply for the July–September 2016 quarter. There is no change from the previous quarter.

Certain participants in the wholesale electricity market must apply a set of standard stress tests to their market position. Participants then report the results to their Board and to the NZX, as the independent registrar appointed by the Authority.

Please direct any questions about the stress tests to marketoperations@ea.govt.nz, with 'Stress test' in the subject line.

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Hedge declaration certificates due 30th June 2016

 
 

Every participant who provided hedge information in the previous year (1 April 2015 – 31 March 2016) must send a declaration certificate to the Authority by Thursday, 30 June 2016. The certificate requirements are in clause 13.230 of the Electricity Industry Participation Code 2010 (Code).

Please send the declaration certificate on company letterhead using the Hedge disclosure declaration form to marketoperations@ea.govt.nz.

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Amendments to Emergency Management Policy and System Operator Rolling Outage Plan

 
 

The system operator has amended the Emergency Management Policy (EMP) and the System Operator Rolling Outage Plan (SOROP). We have incorporated the amended plans into the Code. Both replacement plans are effective from 19 June 2016.

Gazette notices and certified copies of the amended documents are available on our website.

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Current consultations

 
 

Review of distributed generation pricing principles

We have published a consultation paper on our review of the distributed generation pricing principles. 

Started: 17/05/2016; Ending 26/07/2016 5 pm

Transmission pricing methodology: second issues paper and proposal

We have published the Transmission Pricing Methodology second issues paper and proposal. 

Started: 17/05/2016; Ending 26/07/2016 5 pm

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