National market for instantaneous reserve
The Electricity Authority (Authority) is progressing a project to enable instantaneous reserve to be procured in a national market. A national market would allow instantaneous reserve to be exported across the HVDC link, reducing the quantity procured and increasing competition between providers in both islands. The Authority expects this to lower the cost of procuring instantaneous reserve.
Overview
| Date | Activity |
|---|---|
| 4 Oct 2016 | Development: Decision - charges for generating units holding dispensation Read more |
| 9 Aug 2016 | Development: Decision to defer making change to allocation of instantaneous reserve availability costs Read more |
| 5 Jul 2016 | Development: Charges for generating units holding dispensation Read more |
| 08 Mar – 26 Apr 2016 | Consultation: Proposal to alter the way availability costs are allocated Read more |
| 8 Sep 2015 | Development: Decisions and reasons paper - sharing of sustained instantaneous reserve across the HVDC link Read more |
| 8 Jun 2015 | Development: Information paper on sharing sustained instantaneous reserve across the HVDC link Read more |
| 9 Dec 2014 | Development: Information paper on enabling a national market for instantaneous reserve Read more |
| 9 Dec 2014 | Development: Decisions and reasons paper - Interim arrangements for inter-island reserve sharing Read more |
| 16 Jun 2014 | Development: Information paper on interim arrangements for inter-island reserve sharing Read more |
| 13 Mar 2014 | Development: System operator national instantaneous reserves market study report (TASC-030) Read more |
| 21 Aug 2013 | Advisory Group: WAG recommendations paper Read more |
| 1 Mar 2013 | Background: Instantaneous reserves are a security product that ensures that electricity demand can continue to be met in the event of unplanned generation or transmission interruptions. Read more |
