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23 November 2021
Welcome to Market Brief, the Electricity Authority’s weekly update on regulatory and market developments.

Contents

Proactive release of questions and answers on the Wholesale Market Review

The Authority has published answers to questions raised about the Wholesale Market Review during the consultation period. This information is being provided for transparency and to facilitate informed participation in the consultation process. Additional code, data, and underlying analysis from the information paper have also been published on Github and the Authority’s EMI website.

The questions and answers are ordered chronologically and will be updated if and when new questions are received.  Any questions or requests for further information must be received by the Authority no later than 15 December 2021, to ensure the Authority has sufficient time to reply before the close of submissions on 22 December 2021.
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Decision on Code Review Programme 4

The Authority has decided to amend the Code as part of an omnibus of amendments.

These omnibus changes allow the Authority to make several independent and relatively small amendments. The amendments are to several parts of the Code and have varying effective dates. We recommend all participants read the decision document to identify relevant areas of change.
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Powering the future workshops

No one can predict exactly how the future power system will evolve, and there are many different views across the sector. 

It’s not too late to share yours at one of three online workshops the Authority is holding over the next few weeks where you can contribute towards the future security and resilience of the New Zealand power system.

The three online workshops scheduled are: 
  • Workshop 1: Monday 29 November 2021, 10:00 am - 12:30 pm
  • Workshop 2: Friday 3 December 2021, 10:00 am - 12:30 pm
  • Workshop 3: Monday 6 December 2021, 10:00 am - 12:30 pm
You can register to attend by emailing fsr@ea.govt.nz

Engagement will be completed by the end of December 2021 and will feed into a multi-year action plan. The draft action plan will be published for feedback in the first half of 2022.
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New IPAG members appointed

The Authority is pleased to announce new members have been appointed to the Innovation and Participation Advisory Group (IPAG). We congratulate and thank the five new members joining IPAG and the two existing members that have been reappointed for another term:
  • Glenn Coates – Asset Management and Planning General Manager, Aurora (reappointed)
  • Terry Paddy – CEO, Cortexo (reappointed)
  • Andy Sibley – CEO, Simply Energy
  • Buddhika Rajapakse – Manager, Energy Futures, Mercury
  • Margaret Cooney – Chief Customer Officer, Octopus Energy
  • Neil Williams – General Manager OnGas and Metering Commercial, Vector
  • Victoria Parker – Pricing Manager, Transpower  
IPAG has the important role of providing the Authority with specialist independent and technical advice and recommendations. Over the next two years, IPAG will focus on advising the Authority on updating the regulatory settings for distribution networks. The new members, along with the existing members, bring a wide range of experience and expertise that will be vital to the Authority’s work.
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Declaration of 24 January 2022 as a non-business day

The Authority gives notice to participants that, for the purposes of the Electricity Industry Participation Code 2010 (Code), Monday 24 January 2022 (Wellington Anniversary Day) is declared not to be a business day.

Current consultations

Setting the Authority's Compliance Strategy

Ends today at 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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Proposed changes to the system operator procurement plan

Ending: 7/12/2021 5pm

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Opportunities and challenges to the future security and resilience of the New Zealand power system

Ending: 14/12/2021 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: 22/12/2021 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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