The Market Development Advisory Group (MDAG) is investigating how the wholesale electricity market might operate (including how prices would be discovered) under a 100% renewable electricity supply.

MDAG’s project will have three key stages:

  1. Issues discovery: understanding the way in which the electricity system is likely to behave with 100% renewable supply and identifying the key issues that may need to be addressed from a market design perspective.
  2. Option identification and analysis: identifying and analysing options to address the problems established in the issues discovery.
  3. Recommendations and proposal: reporting with recommendations to the Authority’s Board.

Overview

Date Activity
06 Dec 2022 – 06 Mar 2023 Consultation: The Market Development Advisory Group (MDAG) is undertaking a project to understand how price discovery would work in the New Zealand wholesale electricity market (including spot and hedge markets) under a 100% renewable electricity system. Read more
02 Feb – 16 Mar 2022 Consultation: Read more
02 – 17 Feb 2022 Event: The MDAG is holding two workshops to brief stakeholders on its 100% Renewable Electricity Supply issues discussion paper. Read more