Pricing market operation service provider
In the wholesale electricity market, changes in demand and supply over the course of a day result in different prices for electricity during each half-hour trading period. Prices also vary by location, reflecting the costs (electrical losses and transmission constraints) of getting electricity from source (generator) to destination (consumers).
The Pricing Manager is the market operation service provider responsible for calculating and publishing the spot prices at which electricity market transactions are settled. Prices are derived using sophisticated models which calculate nodal prices for each trading period based on generator offer prices and quantities, demand, and system conditions. This information is provided to the Clearing Manager to use in the clearing and settlement processes. The Pricing Manager calculates approximately 14,000 prices every day which are published to market participants through the wholesale information and trading system (WITS).
The processes followed by the Pricing Manager in establishing prices are set out in 13 of the Code.
2012-variation-to-Pricing-Manager-SPA.PDF | pdf | 3.7 MB | Last Changed: 14/01/2013 1:09pm
Pricing-Manager-SPA.pdf | pdf | 3.6 MB | Last Changed: 28/06/2012 11:37am
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Schedule-2-update-March-2012.pdf | pdf | 137 KB | Last Changed: 27/06/2012 11:38am
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Relating to the assignment from M-Co to NZX of the Clearing Manager, Pricing Manager, Reconciliation Manager and Wholesale Information and Trading System Agreements.
This page is related to: Retail and Wholesale Market.