17 October 2017
 

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

Contents
 
 
 
 
 
 
 
 

Extended reserve project update

 
 

We are working with NZX as extended reserve manager and Transpower as system operator on a joint project to implement an extended reserve scheme.

In August 2017, the extended reserve manager advised stakeholders that because of a technical issue there would be a delay in issuing a draft Extended Reserve Procurement Schedule for consultation.

We have now decided to pause the project while we assess options for reliably delivering the scheme. 

We are working closely with the extended reserve manager and system operator and will provide a further update in December 2017.

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Submissions on real-time pricing consultation published

 
 

In August 2017 we consulted on a proposal to settle spot market prices in real-time. This involved the design of a dispatch-based, real-time pricing option to deliver more certainty, accuracy and efficiency. 

The submissions are available on our website.

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Appointment of IPAG and MDAG members

 
 

We are pleased to announce the appointment of members to our new advisory groups, the Innovation and Participation Advisory Group (IPAG) and the Market Development Advisory Group (MDAG):

  • IPAG
    • Luke Blincoe
    • George Block
    • Glenn Coates
    • Melanie Lynn
    • Allan Miller
    • Terry Paddy
    • Stephen Peterson
    • Rod Snodgrass
       
  • MDAG
    • James Flannery
    • James Flexman
    • Darren Gilchrist
    • Stu Innes
    • Rebecca Osborne
    • Bruce Rogers
    • Matt Rowe
    • James Tipping.
We have appointed members for a mixture of two- and three-year terms to ensure terms do not all expire at the same time.

The appointment of members follows the earlier appointment of Lindsay Cowley and James Moulder as chairpersons of IPAG and MDAG respectively.

We expect the groups to first meet in November 2017.

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Current consultations

 
 

Treatment of prudential offsets in the wholesale market

We have published an issues and options paper that identifies a range of development options that, in theory, could better integrate the arrangements for clearing and settling exchange-traded products and other wholesale market transactions.

Started: 22/08/2017; Ending 31/10/2017 5 pm

Wind offer arrangements

We have published a consultation paper for our proposal to amend the Code to improve the offer arrangements for wind generation. The proposed amendment would allow wind generators to offer their generation in up to five price bands, like most other generators.

Started: 26/09/2017; Ending 7/11/2017 5 pm

Data and data exchange for market transactions

We have published a consultation paper on data and data exchanges for market transactions. We want to make sure data and data exchange arrangements continue to promote the competitive, reliable and efficient operation of the electricity industry.

Started: 26/09/2017; Ending 7/11/2017 5 pm

Draft determinations of the causers of the 11 and 15 June 2017 under-frequency events

We have published a consultation paper on our draft determinations of the causers of the 11 and 15 June 2017 under-frequency events.

Started: 10/10/2017; Ending 7/11/2017 5 pm

Draft determinations of the causers of the 2 March 2017 under-frequency events

We have published a consultation paper on our draft determinations of the causers of the 2 March 2017 under-frequency events.

Started: 10/10/2017; Ending 21/11/2017 5 pm
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Tel: + 64 4 460 8860   Email: info@ea.govt.nz

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