Copy
View this email in your browser
23 August 2022
Welcome to Market Brief, the Electricity Authority’s weekly update on regulatory and market developments.

Contents

Electricity Authority begins Future Security and Resilience Roadmap activities 
New Zealand’s transition to a low-emissions energy system will involve many changes including emerging technologies for generation, consumers, and supporting services. The Electricity Authority’s Future Security and Resilience (FSR) programme will ensure that through the changes our power system remains secure, resilient, and promotes long-term benefits for consumers.

The FSR programme is entering its second year. Today we have released a paper that:
  • sets out a roadmap of activities to address opportunities and challenges expected to affect our current ways of ensuring secure and resilient power supply
  • announces the start of the highest priority activity on the roadmap, which is a review of common quality requirements in Part 8 of the Electricity Industry Participation Code
  • seeks views on how the power system could evolve in the future.
You can view the paper and previous FSR programme outputs on our website.

You can read the submissions on the opportunities and challenges to the future security and resilience of the New Zealand power system here. The Authority would like to thank everyone who provided expertise and feedback leading to the final roadmap being published today as part of this paper.
 
Read more

Settlement Residual Allocation Methodology consultation online information session – Monday 29 August 2 - 4pm
Last week the Authority published a consultation paper Settlement Residual Allocation Methodology (SRAM), as a part of our focus to encourage more efficient use of the electricity grid, support the right investments being made at the right time and in the right places, and, over time, lead to relatively lower electricity prices to consumers.
To assist stakeholders with submissions on this consultation, we are hosting an online information session on Monday 29 August, 2 - 4pm.

The session is not intended to decide anything, or to be a replacement for your written submissions, but rather to give stakeholders the opportunity to hear about our approach and the thinking behind it, and ask us any questions you have.
 
Thank you to those who have registered for the information session already. If you wish to attend and haven’t yet registered, please use the link below:
Registration Form

A link to join the online session will be sent to those registered.
 

Upcoming consultation on Avoided Cost of Transmission
The Authority is reviewing the provisions in Part 6 of the Electricity Industry Participation Code (Code) that require payment by distributors to eligible distributed generation (DG) for avoided cost of transmission (ACOT).

Current ACOT payments are linked closely to existing transmission charges. Our review of the ACOT rules, which was foreshadowed in our April 2022 Decision paper on the new Transmission Pricing Methodology (TPM), will look to clarify how these provisions will apply under the new TPM.

We expect to open consultation on the ACOT provisions in the second half of September. We are providing this notification now so that interested parties can be prepared to engage in our process.

We plan to make a decision on any required changes to the ACOT provisions by the end of this year so that distributors can incorporate any changes into their pricing ahead of the new TPM coming into effect on 1 April 2023.

If you have any questions, please email network.pricing@ea.govt.nz.

SRC papers from 1 June 2022 meeting published
The papers relating to the Security and Reliability Council (SRC) meeting held on 1 June have been published
Read more

Energy Efficiency and Conservation Authority consults on Electric Vehicle charging
The significant uptake of electric vehicles (EVs) in New Zealand will mean an ever-increasing number of New Zealanders will start charging their EVs at home. EV chargers will use the most electricity of any appliance in the household. Widespread use of “smart” and energy-efficient EV chargers would significantly reduce peak demand issues by shifting the demand from charging away from peak periods to times when demand on the network is lower. This will reduce the need to upgrade the electricity supply and distribution system and result in lower electricity bills for charging. These are benefits which will ultimately accrue to consumers.

The Electricity Authority welcomes the Energy Efficiency and Conservation Authority (EECA) consultation which calls for submissions on the government’s role in encouraging the uptake of “smart” EV charging technologies to support the electricity system and New Zealand’s transition to a low emissions economy.

The consultation document can be found on the EECA website here.
Submissions close on 5 September 2022

Consumer remediation guidance for businesses – Commerce Commission

The Commerce Commission has developed draft remediation guidance designed to help businesses put things right when something may have gone wrong.

The guidance is expressed as high-level principles and the Commission is seeking feedback on whether it is meaningful, helpful and produces the right outcomes for consumers.

You can read and download the guidance here.

The Commission has put together some consultation questions on the cover sheet of the draft guidance. Your responses to these questions, as well as any other feedback or comments, can be emailed to guidancefeedback@comcom.govt.nz by Thursday 22 September 2022.

Register now for the Energy Trader Forum on 30 August

Join the Energy Trader Forum community on Tuesday 30 August at Te Wharewaka o Pōneke, Wellington for a packed programme – see details here:

If you wish to attend, you can register on the link below.
Register now

Current consultations

Retailer Financial Stress data request

Closing 5pm 23 August

 
Read more

RTP changes to the system operator's Policy Statement

Closing 5pm 30 August

 
Read more
Level 7, AON Centre, 1 Willis 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=9f7d6ce75e&e=[UNIQID]

Copyright © Electricity Authority, All rights reserved.