13 March 2018

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

Contents

Adjusting to New Zealand’s electricity future

We have published a document discussing the opportunities and challenges that lie ahead as New Zealand shifts to a new electricity future. 

Our Chair, Brent Layton, discussed the ideas in his address to an Authority-hosted event in Auckland last night.

The Chair’s address and the document are available on our website:

•    Adjusting to New Zealand’s Electricity Future
•    The Authority Chair’s speech

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Views sought on equal access project

Following the Authority’s consultation on Enabling mass participation, the Innovation and Participation Advisory Group (IPAG) is seeking further input from interested parties about concerns raised regarding access arrangements for transmission and distribution networks.

The IPAG is particularly interested in hearing how competition, efficiency and reliability in the industry might be affected by the existing or different access arrangements, and how this might affect consumers. It wants stakeholders to provide their perspective on whether the existing access arrangements need to change to ensure consumers benefit. Its focus is on consumers and the technological changes and innovation that are already affecting New Zealand’s electricity industry.

The IPAG has invited some stakeholder representatives to make short presentations at its meeting on Thursday, 22 March. 

It also wants to hear the views of other interested parties, who are invited to send brief written submissions (no longer than two pages). Please email your views to submissions@ea.govt.nz  by Tuesday, 10 April.

Stakeholders are expected to have further opportunities to provide input through a consultation process. If you have any questions, contact Arik Mordoh, Senior Adviser Retail and Network Markets, on (04) 462 0604 or arik.mordoh@ea.govt.nz

More information about the IPAG and its meeting papers are available on our website. 

•    Innovation and Participation Advisory Group (IPAG)

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Annual review of the system operator’s performance

We have published our annual review of the performance of the system operator (Transpower) for the period ended 30 June 2017. 

The review concludes the system operator performed well and continued its trend of improvement. We were particularly impressed with the system operator’s work on the project to investigate real-time pricing. 

We understand the system operator has identified ways to improve how it manages security of supply and is devoting substantial resources to making these improvements. 

The annual review is available on our website.

•    Annual review of system operator's performance  

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Reminder: NZX Energy customer satisfaction survey

We remind participants to complete the NZX user satisfaction survey. NZX has extended the deadline for the survey to 20 March. 

•    NZX user satisfaction survey 

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Current consultation

Review of two aspects of the customer compensation scheme

We’re consulting on our review of two aspects of the customer compensation scheme (CCS). The aspects are: addressing possible inefficiencies in how the CCS handles customer switching during conservation campaigns; and whether the minimum weekly amount of the default compensation scheme should be calculated annually.

Started: 20/02/2018; Ending: 10/04/2018 5pm

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