The Authority and Transpower held a joint briefing on information disclosure on Wednesday 3 March 2021.

In January the Authority announced a decision to amend the Electricity Industry Participation Code 2010 (Code) to improve the availability of thermal fuel information. The Code amendment which comes into force on 1 April 2021 imposes obligations on a new class of participants, called major participants, including an obligation to report to the Authority on how they are meeting their disclosure obligations under clause 13.2A of the Code.  

The Authority provided an overview of these new rules. To check if your company comes under the definition of ‘major participant’ see here.

Transpower and the Gas Industry Company also provided updates on their disclosure workstreams.

The briefing covered:

  • summary of new information disclosure reporting obligations
  • update from Transpower on new guidance for participants on what outages might impact the system operator’s ability to meet its Principal Performance Obligations
  • update from Gas Industry Company.

Slides from the briefing can be found below.