The proposed new TPM is ready for consultation
|
|
The Authority has begun consultation on a proposed new Transmission Pricing Methodology (TPM). The consultation period will run from 8 October for about eight weeks, with briefing events being held around the country.
The Authority amended its TPM guidelines in 2020 after extensive review and consultation. Transpower then drafted a proposed new TPM and this was delivered to the Authority on 30 June 2021. The Authority has accepted the vast majority of Transpower’s proposal, but has made some specific, targeted changes.
While there is no single option that will deliver industry consensus on a new TPM, it is widely agreed the current TPM is no longer fit for purpose. The proposed new TPM better positions New Zealand for the transition to a low-emissions economy by ensuring the best use of existing and future infrastructure and electrification at lower cost.
The Authority is proposing that any new transmission pricing comes into effect on 1 April 2023, but there are still several steps remaining in the process which could impact on this.
TPM events during the consultation period will be held around the country, if COVID alert levels allow them to be. Details are as follows (timings TBC):
- Monday 1 November: Wellington
- Tuesday 2 November: Wellington (detailed technical event)
- Wednesday 3 November: Auckland
- Thursday 4 November: Whangarei
- Friday 5 November: Tauranga
- Monday 8 November: Christchurch
- Tuesday 9 November: Invercargill
Please register your interest for a TPM event by emailing TPM@ea.govt.nz with your preferred location and full contact details. More details on the events will be available soon, so please read future editions of the newsletter Market Brief for updates.
The TPM consultation document is available on our website, along with a short guide to the TPM.
You can read the Authority's media release here.
|
|
|
|
|
|
|
|
|
