2 June 2016
Electric Kiwi alleged that an undesirable trading situation (UTS) occurred on 2 June 2016 in relation to trading periods 35-40, when electricity prices briefly spiked to over $4000 per megawatt hour (MWh).
The Board has concluded the event does not constitute a UTS and instead requested a market performance review. The review will look at trading on 2 June, as well as other similar events, and how the wholesale electricity market performed in regard to those events.
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UTS 2 June 2016 - Decision paper
160815-final-decision-paper-on-Electric-Kiwi-UTS-claim.pdf (PDF, 6.4 MB)
Last updated: 16 August 2016
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UTS 2June 2016 - Electric Kiwi claim
UTS-claim-Electric-Kiwi.pdf (PDF, 2.7 MB)
Last updated: 21 June 2016