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12 May 2020
Welcome to Market Brief, the Electricity Authority’s weekly update on regulatory and market developments.

Contents

UTS update

The Authority has made good progress with its investigation into the claim of an undesirable trading situation (UTS) made by Haast Energy Trading, Ecotricity, Electric Kiwi, Flick Energy, Oji Fibre, Pulse Energy Alliance and Vocus in December 2019.  We will publish a preliminary decision at the end of June 2020 for consultation.

Hedge Market Enhancements market making consultation paper

On 21 April 2020 the Authority released the Hedge Market Enhancements market making consultation paper. Stakeholders who would like to discuss the consultation paper with the project team are invited to contact hme.feedback@ea.govt.nz to arrange a meeting. Consultation ends at 5pm on 16 June 2020.
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Cross submissions period now open for MDAG’s High Standard of Trading Conduct discussion paper

The consultation period for the Market Development Advisory Group’s High Standard of Trading Conduct discussion paper closed last week and submissions are now published online.
 
The cross-submission period is now open. Please email your cross submission to MDAG@ea.govt.nz with “High standard of trading conduct provisions – Discussion paper – cross submission” in the subject line. The closing date for submissions is 5pm, Wednesday 27 May 2020.
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Call for nominations for Standing Data Formats Group

We’re calling for nominations for two trader members, two MEP members and a distributor member to join the Standing Data Formats Group (SDFG). We had previously called for nominations with the deadline in March, however this was disrupted due to the COVID announcements. Nominations received during the March call will therefore be considered in this current round of nominations.
 
The SDFG provides independent advice to the Authority on information exchange protocols between:
  • Participants and the market operation service providers
  • Participants and consumers
  • Participants and third party providers.
We currently have changes to an EIEP for the SDFG to consider.
 
Nominations and accompanying documents should be emailed to marketoperations@ea.govt.nz, with ‘Nomination for SDFG membership’ in the subject line by 5pm on Tuesday 2 June 2020.
 
Further information about the SDFG, nomination process and accompanying documents are available on our website.

COVID-19 update

We have the latest updates in relation to the Authority’s response to COVID-19, including advice for consumers.
 
Please visit our website for more information.

Current consultations

Cross submissions on MDAG’s High Standard of Trading Conduct discussion paper

Ending: 27/05/2020 5pm

Read more
Hedge Market Enhancements Market Making consultation paper
Ending: 16/06/2020 5pm
Read more
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Tel: + 64 4 460 8860   Email: info@ea.govt.nz
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