Real time pricing - first industry engagement session
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The Authority, alongside the system operator and NZX, are hosting monthly online engagement sessions covering the market changes being delivered by the real time pricing (RTP) project.
The first session, “what is RTP and why is it important”, is scheduled for 3pm – 4.30pm on Tuesday 20 October 2020. The session will cover the drivers behind the change to real-time pricing and the issues being addressed by this project.
Participants who have already supplied their details will receive Cognise invitations to the pre-reading material and the online Microsoft Teams session in the next two weeks.
If you have not supplied your details and would like to attend the sessions please email RTP@ea.govt.nz with the following details:
- Full name
- Email address
- Contact number
- Organisation
- Role
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Consultation: Guidelines for raising consumer awareness of Utilities Disputes and Powerswitch services
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The Authority has amended the Code to require retailers and distributors to raise consumer awareness of Utilities Disputes and Powerswitch in certain situations.
To help support retailers and distributors to implement this change effectively, the Authority is consulting on guidelines to help retailers and distributors to understand the Code requirements, so they can make appropriate changes to their communications.
As part of this consultation we will be holding a workshop, via Zoom, on Thursday 15 October from 10:00 am to 12:00 pm. At this workshop we will answer questions about the Code change and discuss how we can help retailers and distributors to comply with the Code requirements.
If you would like to register for the Zoom workshop please email AwarenessOfUDandPS@ea.govt.nz
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Reminder: Regulatory change affecting traders of electricity contracts on the ASX
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The Authority is gathering more and better-quality data on risk management contracts as part of its ongoing work to make improvements to the wholesale electricity market.
In October, a Code change will come into effect requiring participants trading electricity contracts on the ASX to give permission for their de-anonymised trading data to be shared by the ASX with the Authority.
Many participants have agreed to this arrangement on a time limited basis already. The Code change will make this an ongoing requirement from Thursday 29 October 2020.
If you trade electricity contracts on the ASX you need to:
- sign a consent form to share your data with the Authority, and return it to the ASX and the Authority
- ensure you have appropriate arrangements in place with your broker and other market intermediaries including providing your account identifier to the ASX.
The consent form is available on the Authority’s website and should be returned by 20 October.
Please contact HME.feedback@ea.govt.nz if you have any questions.
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Code amendment: Electricity Industry Participation Code Amendment (Securing Access to Exchange Data) 2020
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On 29 October 2020 the Electricity Industry Participation Code Amendment (Securing Access to Exchange Data) 2020 will come into force.
The amendment relates to Part 13 of the Code.
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Reminder: Stress test disclosure certificates
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The Stress Test Registrar will be collecting the stress test disclosure certificates on behalf of the Authority from Thursday 1 October 2020, including all certificates due from Q3 2020.
Please scan and email the completed certificates to stregistrar@nzx.com. There is no requirement to send a paper copy.
If you have already submitted the certificate for this year, no further action is required until your next submission.
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Removing requirement for FTR manager to calculate the amount of LCE to be applied to FTRs
Ending today at 5pm
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Guidelines for raising consumer awareness of Utilities Disputes and Powerswitch services
Ending: 10/11/2020 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: communications@ea.govt.nz
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