Fraser Clark, General Manager of Market Services recently resigned from the Electricity Authority. We wish Fraser all the best in his future endeavours. 

Following Fraser’s resignation, we’ve taken some time to review the Authority’s organisational structure. Our structure has largely been unchanged since we were established in 2010. 

The most substantive change is that the Market Operations team is now reporting to Rory Blundell, General Manager Market Performance, with Rory taking over GM responsibility Fraser had for overseeing market operation service providers. There have been no redundancies or other staff changes as a result of this review.

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We have approved the 2016 financial transmission rights (FTR) allocation plan, with an implementation date of 3 November 2016.

We intend to publish a summary of submissions and reasons for this decision on Tuesday, 15 November 2016.

Further details about the 2016 FTR allocation plan are available on the Energy Market Services website, via the link below.

•    2016 FTR allocation plan

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Under the stress testing regime, disclosing participants in the wholesale electricity market must apply a set of standard stress tests to their market position. A disclosing participant is a grid-connected electricity consumer or a person who buys electricity from the clearing manager. 

Disclosing participants must report the stress test results to their Board and an independent registrar. Since mid-2012, we have received the anonymised stress test results from the registrar and published summary reports each quarter.

We now capture the results in our data warehouse and can, therefore, use EMI to present the results in the following reports:

•    Stress testing – summary
•    Stress testing – dispersion of respondent counts
•    Stress testing – cash flow index 

These new EMI reports supersede the historical reports that we previously published each quarter.

The notes accompanying each report give guidance on how to interpret the reports and understand the terminology.

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We have approved a settlement between Alpine Energy Limited (Alpine Energy) and the Electricity Authority (Authority). 

An installer of distributed generation (a non-participant) alleged Alpine Energy had breached several clauses in Part 6 of the Electricity Industry Participation Code 2010. 

Under regulation 18(b)(ii) of the Electricity Industry (Enforcement) Regulations 2010, if a breach is alleged by a non-participant, the Authority must stand in for the non-participant as a party to the investigation and any settlement agreement that arises from it.

•    Settlement

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WAG discussion paper: Instantaneous reserve event charge and cost allocation

The Wholesale Advisory Group (WAG) seeks feedback from interested parties on the Instantaneous Reserve Event Charge and Cost Allocation discussion paper. 

• Instantaneous reserve event charge and cost allocation

Started: 11/10/2016; Ending: 22/11/2016 5pm

Stress test regime review

We have reviewed the stress test regime to ensure it continues to promote the reliability and efficiency limbs of the Authority’s statutory objective in the face of changing market conditions.

• Stress test regime review

Started: 18/10/2016; Ending: 29/11/2016 5pm

Customer compensation scheme review

We have reviewed the customer compensation scheme (CCS) to ensure it continues to promote the reliability and efficiency limbs of the Authority’s statutory objective in the face of changing market conditions.

• CCS review

Started: 18/10/2016; Ending: 29/11/2016 5pm

Code Review Programme 2016

We’ve published a consultation paper seeking views on a number of small changes we propose making to the Code.  

• Code Review Programme 2016

Started: 18/10/2016; Ending: 29/11/2016 5pm

Levy-funded appropriations and strategic priorities for 2017/18

We’ve published a consultation paper setting out and seeking feedback on our proposed appropriations, strategic priorities and programmes for 2017/18.  

• Levy-funded appropriations and strategic priorities for 2017/18

Started: 25/10/2016; Ending: 6/12/2016 5pm

Requirements and processes for audits: New guidelines

We are consulting on guidelines and supporting information for auditors and audited participants, to reflect changes to the Code that will come into force on 1 June 2017.

• Requirements and processes for audits: New guidelines

Started: 25/10/2016; Ending: 20/12/2016 5pm

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