Saves and Win-backs code amendment – decision paper released
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The Authority is promoting more choice for consumers and pushing for more retail competition in the electricity market by banning retailer-initiated win-backs for 180 days after a customer has switched to another retailer.
The change encourages retailers to provide all customers with the best prices and best products. Increased competition means retailers will develop new products and find new ways to reduce costs, which should flow through to the prices offered to consumers.
The change places no restrictions on consumers; they can initiate a change of retailer whenever they wish. They do not have to wait 180 days to switch between retailers.
The change comes into effect on Tuesday, 31 March 2020.
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Special stress test results published
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We have published the results from the special stress test that was put in place for the first quarter of 2020. A summary of results and links to raw data are available on our EMI forum.
Various asset owners planned outages of the HVDC link, Ahuroa gas storage and Pohokura gas field in quarter one 2020. Given these factors, we wanted to make sure wholesale market participants were aware of the potential for spot price volatility and were proactively managing their exposure to spot price risks. As such, a special ‘inter-island price separation’ stress test was added for quarter one 2020.
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Electricity Industry Participation Code Amendment (Broadening Definitions of Generating Unit and Intermittent Generating Station) 2020
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On Friday, 20 March 2020 an amendment to the Electricity Industry Participation Code Amendment (Broadening Definitions of Generating Unit and Intermittent Generating Station) 2020, will come into force.
The amendment makes changes to Parts 1 and 13 of the Code to allow new generating technologies to participate in the electricity spot market and ancillary service market regulated by the Code.
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Reminder: Open Networks – Standards forum – March 2020
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The Authority is hosting a second Open Networks forum in Wellington on Thursday, 19 March 2020 focussing on standards. This is a follow up to the first forum held on 19 November 2019 and will include:
- updates and discussions on standards development in the industry, including presentations from Westpower and WEL Networks
- discussion on standards that were suggested at the first forum
- pilot, trial and investigation networking session.
Please register if you wish to attend this event.
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NZX energy customer satisfaction survey
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The NZX user satisfaction survey is now open for participants to comment on the service NZX provides.
The survey closes on 21 February 2020.
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Reminder: Feedback on prudential methodology change
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We remind participants that NZX are seeking feedback on proposed changes to the prudential methodology. The changes are targeted at making the exit period prices more adaptable/responsive to current market conditions, alleviating surplus/deficit security that may be present during this period.
Please respond to the survey by midday Wednesday, 19 February 2020 with any feedback or comments that you may have.
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Strategy reset 2020
Ending: 24/02/2020 5pm
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Raising consumer awareness of Utilities Disputes and Powerswitch services
Ending: 03/03/2020 5pm
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Supplementary consultation paper: Transmission pricing methodology: 2019 issues paper
Ending: 03/03/2020 5pm
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Level 7, Harbour Tower, 2 Hunter Street, PO Box 10041, Wellington 6143, New Zealand
Tel: + 64 4 460 8860 Email: info@ea.govt.nz
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