Spot market settlement on real-time pricing
We have decided to implement our dispatch-based, look-ahead design for real-time pricing to make wholesale spot prices more certain, more accurate, and more efficient.
Overview
| Date | Activity |
|---|---|
| 28 Mar 2023 | Development: On 27 April 2023 the final phase of the Real Time Pricing project goes live enabling people to bid and offer their demand flexibility and distributed energy resources into the wholesale market. The introduction of the dispatch notification product and dis Read more |
| 13 Dec 2022 | Event: The Authority was pleased to welcome over 40 industry stakeholders to our event in Wellington to celebrate the introduction of Real Time Pricing to the market Read more |
| 1 Nov 2022 | Development: From 1 November 2022 wholesale market pricing will be in real time Read more |
| 27 Sep 2022 | Development: The Authority has decided to amend the Code to reflect the changes needed to implement real-time pricing (RTP) Read more |
| 27 Jun 2022 | Development: Development of the software changes related to the real time pricing (RTP) project have been underway with the Authority’s market service providers since 2019. Read more |
| 07 Jun – 19 Jul 2022 | Consultation: To support the implementation of real-time pricing (RTP), the Authority is consulting on changes to the Electricity Industry Participation Code 2010 (Code). Read more |
| 11 Nov 2020 | Event: The Authority is hosting monthly online engagement sessions covering the market changes being delivered by the real time pricing (RTP) project. Read more |
| 15 Sep 2020 | Development: The Authority has been working with Transpower as system operator and NZX to progress the systems design work for the real-time pricing project. Read more |
| 26 May 2020 | Development: Design work has continued since you last heard from us, and we are starting to plan our engagement activities over the coming year. Read more |
| 24 Feb 2020 | Development: We’ve been busy working with service providers on refining the details of the market systems design for RTP Read more |
| 28 Jun 2019 | Development: We have decided to amend the Code to implement real-time pricing in the wholesale spot market Read more |
| 2 Apr 2019 | Event: Public briefing for consultation on remaining elements of real-time pricing Read more |
| 2 Apr 2019 | Development: Risk violation curve design Read more |
| 19 Mar – 30 Apr 2019 | Consultation: We have consulted on three remaining elements of the design for real-time pricing. Read more |
| 8 May 2018 | Event: Public briefing for real-time pricing Read more |
| Sep 2017 | Correspondence: Responses to detailed questions about real-time pricing Read more |
| 12 Sep 2017 | Development: Real-time pricing frequently asked questions Read more |
| Aug 2017 | Event: Public briefings for real-time pricing Read more |
| 01 Aug – 10 Oct 2017 | Consultation: Real-time pricing proposal Read more |
| Jul 2017 | Background: Background on Spot market settlement on real-time pricing Read more |
