Transmission Pricing Methodology Development
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Following on from the Authority’s decision on the transmission pricing methodology (TPM) review and the release of new TPM guidelines, the Authority has written to Transpower requesting it develops a TPM consistent with the 2020 guidelines.
The Authority has also written to the Commerce Commission asking the Commission to reconsider Transpower’s Individual Price-Quality Path to recognise the additional costs of TPM development and implementation.
The letters are available to view here.
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2020/21 Interim Work Programme
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As we continue to respond to key industry issues as a result of Covid-19, we have decided to publish an interim 2020/21 Work Programme.
This interim work programme allows us to continue and re-start projects that deliver against our statutory objective and respond to sector priorities. These include the Electricity Price Review programme and key projects continuing from the 2019/20 work programme.
We intend to finalise a complete work programme in the first quarter of the financial year. This gives us time to seek stakeholder input and better understand consumer and participant needs in a post Covid-19 world. The work programme will also reflect the objectives of the Authority’s new strategy.
The 2020/21 Interim Work Programme is available on our website.
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Hedge Market Enhancements: Industry consultation on securing access to better hedging data
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The Authority considers that continued access to a comprehensive set of data will benefit our role in relation to market making, including our review of enduring arrangements for the long-term benefit of consumers.
During our review of market making services we have sought to gain more and better de-anonymised data about participants’ use of, and behaviour in, hedge markets. This data supports an evidence-based approach to policy development, as well as enhancing monitoring, reporting and compliance activities.
We are consulting on our proposal to secure access to industry participants’ hedging data and invite feedback from stakeholders on our planned approach.
Consultation will be open for four weeks, closing at 5.00pm on Tuesday 21 July 2020.
The consultation paper is available on our website.
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Medically Dependent Consumer and Vulnerable Consumer Guidelines update
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The Authority has published non-confidential feedback received on a draft addendum to the Medically Dependent Consumer and the Vulnerable Consumer guidelines. The feedback is available here.
Phase two of the review will focus on a full update of the existing guidelines, including the new material in the addendum. We are hosting a series of five workshops to hear from our stakeholders and inform the update of the guidelines. The workshops will be run by an independent facilitator. The initial session for Phase two will be via Zoom at 1.00pm on 24 June. All interested stakeholders are welcome to join. The first workshop will be held in Wellington on 1 July. Please register your interest with the Authority. Further information is available on our website.
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Hedge Market Enhancements market making consultation paper submissions published
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In April 2020 the Authority published a consultation paper Hedge Market Enhancements: Ensuring market making arrangements are fit-for-purpose over time, and invited stakeholder views on the most appropriate approach.
Submissions closed on 16 June. 17 submissions were received and are now available on our website.
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Hedge Market Enhancements: industry consultation on securing access to better hedging data
Ending: 21/07/2020 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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