Trading and open interest update
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The Authority has published a market insight into the increase in the level of trading activity and open interest on the electricity futures market.
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Stress test scenarios unchanged for the January-March quarter of 2022
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The stress test scenarios previously published on the Authority's website will apply for the January-March quarter of 2022. 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.
Previously published stress test scenarios are available here and stress test results can be found here. Visit our website for further information.
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Reminder of EIEP12 compliance obligations for distributors
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The Authority would like to remind distributors they must use EIEP12 when providing delivery price change information to traders. EIEP12 is a regulated format with protocol specifications and business rules which must be followed. We encourage distributors to review their EIEP12 files for compliance with the business rules in the EIEP12 file format specification.
For more information about compliance with EIEP12, please see the EIEP12 memo to distributors.
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Update on proposed new TPM consultation paper
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The Authority has made a minor change to its consultation paper on a proposed new TPM, replacing a graph relating to modelled investment in generation (Figure 24 on page 148) with a new version and also replacing some supporting files for the CBA on the EMI website. The new graph and supporting files reflect a correction to the underlying data processing.
These changes are explained in the “About” file on the EMI website.
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Ron Beatty, Principal Adviser Market Services is retiring
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Ron Beatty, Principal Adviser Market Services, is retiring from the Authority on 12 November 2021.
Ron has been a respected, committed, valued and integral member of the industry regulator for more than 15 years. Many of you will have worked with Ron over his 50 years in the electricity industry and know his contribution to the sector has been invaluable.
While at the Electricity Authority and its predecessor, the Electricity Commission, Ron has made many substantial improvements to the operations and running of the industry. This has included significant reforms in reconciliation processes in moving to global reconciliation, metering sector through introduction of MEPs and their enduring responsibility for metering accuracy, identification of issues and options to modernise the switching processes for modern retailing, the updating of modern consumer care guidelines, and countless other improvements and enhancements for the industry and consumers.
The Authority wishes Ron a long and happy retirement.
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Assisting distribution networks with faster pricing reform
Ending: 3/11/2021 5pm
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Setting the Authority's Compliance Strategy
Ending: 23/11/2021 5pm
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2021/22 and 2022/23 levy-funded appropriations
Ending: 30/11/2021 5pm
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Proposed new Transmission Pricing Methodology
Ending: 2/12/2021 5pm
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Review of competition in the wholesale market from January 2019 until early 2021 and an issues paper on inefficient price discrimination
Ending: 8/12/2021 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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