Update to the Medically Dependent Consumer and Vulnerable Consumer Guidelines
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The Authority is updating the Medically Dependent Consumer and Vulnerable Consumer Guidelines in their entirety.
Phase 1 of the review, issuing a short temporary addendum to the Guidelines, is currently out for consultation. Phase Two of the review will focus on a full update of the existing guidelines, including the new material in the addendum.
The initial stakeholder workshop for Phase 2 will be held via Zoom at 1.00pm on 24 June. All interested participants are welcome to join. More details, including how to register, are available on our website.
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Default Distributor Agreement: Decision Paper
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The Authority is implementing a series of default terms which make it easier for distributors and traders to enter into contracts for distribution services, data exchange and dividend payments.
These default terms include:
• the Default Distributor Agreement (DDA) Template,
• the Data Template,
• two default agreements for the payment of dividends to beneficiaries on the network.
We consider the default terms will streamline negotiations for network access and data exchanges between distributors and traders, and deliver long-term benefits for industry and consumers.
The Code amendment will come into effect on 20 July 2020.
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Annual levy rates for the year ending 30 June 2021
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We have calculated the annual levy rates for the financial year ending 30 June 2021 in accordance with regulation 7 of the Electricity Industry (Levy of Industry Participants) Regulations 2010.
The annual levy rates were published in the Gazette on Thursday, 11 June 2020, and are also available on our website.
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COVID-19 and Alert Level effects on disconnections and debt
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The Authority has published an updated commentary on debt and disconnection information we’ve received from retailers under section 46(2)(a) of the Electricity Industry Act 2010. You can read the update on our website under Market Commentary.
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Stress test scenarios unchanged for the July-September quarter of 2020
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The stress test scenarios previously published on the Authority's website will apply for the July-September quarter of 2020. There is no change from the previous quarter.
The stress-testing regime requires certain participants in the wholesale electricity market to apply a set of standard stress tests to their market position, and report the results to their Board and to the NZX as the independent registrar appointed by the Authority.
Questions about the stress tests can be directed to marketoperations@ea.govt.nz. Please include 'stress test' in the subject line.
For further information please see our website. Stress test results can be found here.
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The Authority has approved a settlement between Auckland Commercial Solar Limited and Energy Clearing House Limited as the clearing manager, concerning prudential security breaches.
The breaches concerned the Auckland Commercial Solar Limited’s failure to provide the minimum security to the clearing manager by 4.00 pm on four occasions.
The settlement agreement is available to view on our website.
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Rulings Panel penalty decision issued on 2 March 2017 power system event
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The Electricity Rulings Panel has issued its penalty decision on formal complaints against Transpower New Zealand Limited in its capacity as both system operator and grid owner in respect of an event that occurred on 2 March 2017.
The event related to the creation of two grid islands following an accidental tripping of two circuits causing significant frequency disturbances outside the normal band throughout the grid.
The Rulings Panel made its decision based on an agreed statement of facts jointly filed by the Authority and Transpower.
The Rulings Panel declared the system operator and grid owner breached a number of Code provisions that relate to system security, grid emergency management, and restoration.
The Rulings Panel has ordered the system operator and the grid owner to each pay a pecuniary penalty of $150,000 to the Crown for the breaches.
The Rulings Panel’s decision can be found here.
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Submissions to the Hedge Market Enhancements market making consultation paper close today
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On 21 April 2020 the Authority released the Hedge Market Enhancements market making consultation paper. Consultation ends today at 5.00pm. Thank you to all stakeholders that have met with the project team and who have provided a written submission. The Authority intends to publish all submissions that have not been identified as confidential on Tuesday 23 June 2020.
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Hedge Market Enhancements Market Making consultation paper
Ending: Today at 5.00pm
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Feedback on a proposed addendum applying to the “Guideline on arrangements to assist vulnerable consumers” and the “Guideline on arrangements to assist medically dependent consumers”
Ending: Today at 5.00pm
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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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