Copy
View this email in your browser
4 May 2021
Welcome to Market Brief, the Electricity Authority’s weekly update on regulatory and market developments.

Contents

Cross submissions: UTS Proposed Actions to Correct

The Authority welcomes cross submissions as part of the consultation on the Proposed Actions to Correct: Undesirable Trading Situation 2019.

Please send your cross submission to the Authority by 5.00pm 19 May 2021.
 
Your cross submissions will be published so if you need to include material that is confidential, please mark it as such and provide the Authority with a copy that is able to be published.

The Proposed Actions to Correct: Undesirable Trading Situation 2019 paper and submissions are available on our website.
Read more

Extended reserve consultation engagement session

On 29 April 2021, the Authority held an engagement session for the extended reserve Code amendment consultation.
 
The presentation discussed at the session and participant questions and answers are available on our website.
Read more

Appointment of Security and Reliability Council Members

We have appointed six members to the Security and Reliability Council (SRC).
  • Hon. Heather Roy has been reappointed, as chair for another three-year term
  • Nathan Strong (General Manager Commercial, Unison Networks) has been reappointed for another three-year term
  • Nigel Clark (Chief Operating Officer, Genesis Energy) has been appointed for a four-year term
  • Ben Gerritson (General Manager Customer and Regulation, Firstgas Group) has been appointed for a three-year term
  • Phil Gibson (GM Portfolio, Mercury) has been appointed for a three-year term
  • Mike Underhill has been appointed for a three-year term.
Read more

Stress test scenarios unchanged for the July-September quarter of 2021

The stress test scenarios previously published on the Authority’s website will apply for the July-September quarter of 2021. 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.

Stress test results can be found here and previously published stress test scenarios are available here. Visit our website for further information.

Current consultations

Battery energy storage systems offering instantaneous reserve

Ending: 06/05/2021 5pm

Read more

Extended reserve Code amendment

Ending: 11/05/2021 5pm

Read more

Internal transfer pricing and profitability

Ending: 18/05/2021 5pm

Read more

Proposed Actions to Correct: UTS 2019 - cross submissions

Ending: 19/05/2021 5pm

Read more
Level 7, Harbour Tower, 2 Hunter Street, PO Box 10041, Wellington 6143, New Zealand
Tel: + 64 4 460 8860   Email: communications@ea.govt.nz
Twitter
YouTube
LinkedIn
Want to change how you receive these emails?
Unsubscribe • Update your subscription preferences

http://us2.forward-to-friend.com/forward?u=36d0054b0212a020eb4236643&id=776eece111&e=[UNIQID]

Copyright © Electricity Authority, All rights reserved.