On Thursday, 8 November 2018 we received a claim of an undesirable trading situation (UTS).
The claim has been made by five parties – Electric Kiwi Limited, Flick Energy Limited, Pulse Energy, Switch Utilities Limited and Vector Limited. The claim relates to the period from 15 September 2018 onwards. The claim can be viewed on our website.
As part of its investigation the Authority has requested information from various parties.
The investigation differs from previous investigations because the alleged events span two months and may be ongoing. Previous UTS investigations have focussed on acute events spanning a matter of hours. For these reasons we anticipate that it may take some time to investigate the claims fully.
We understand that the claim and its investigation may cause uncertainty in the electricity market. To address this we will consider ways to reduce market uncertainty as soon as practicable.
In September 2017, we consulted on a raft of proposed operational changes to the electricity information exchange protocols (EIEPs). We have two further proposals we are consulting on, following on from the first consultation, and as signalled in the decision paper.
An EIEP1 reporting methodology that traders must use to provide detailed volume and billing information to distributors to support billing of network charges, as appropriate to interposed and conveyance arrangements
An optimal delivery mechanism for EIEP5A planned service interruption information that distributors provide to traders.
We have not included the second EIEP consultation paper in the next market enhancement omnibus as these are residual issues from the original consultation paper and they have already been widely canvassed.
Consultation closes at 5 pm on Tuesday, 18 December 2018.
John Rampton, the Authority’s General Manager Market Design, has resigned.
After eight years at the Authority John has decided to take a well-deserved break from corporate life and focus on his family.
Many of you will have worked closely with John over the years and will be well aware of the impact he has had across the sector and on New Zealand’s electricity industry.
As General Manager Market Design, John has used his industry and economic expertise to lead through significant changes including the development of the Section 42 initiatives in 2011.
John’s steadfast approach and commitment to making improvements on behalf of consumers are evident in the ongoing improvements in the hedge market and to the ancillary services market.
John has demonstrated expertise and leadership in the face of challenges. He has worked hard to build the market design team and ensure the right mix of skills, experience and insight to progress the Authority’s work programme and our commitment to a competitive, reliable and efficient electricity industry.
We wish John and his family all the very best.
John’s last day will be 16 February 2019. We will be recruiting for the General Manager Market Design position in early 2019.
2019/20 levy-funded appropriations and indicative work programme
We are seeking feedback on our 2019/20 levy-funded appropriations and indicative work programme. The indicative work programme for 2019/20 maintains our focus on priority work and faster completion of projects—so the benefits for consumers are realised sooner.
