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Reconciliation market operation service provider

Electricity is transmitted over the national grid on a continuous basis, but the sources of demand and generation change many times over the course of a day. Ensuring that participants (generation companies or bulk purchasers) are allocated their correct share of electricity generation or consumption is a key role in operating an efficient market. This function is facilitated by the Reconciliation Manager, who receives and processes large quantities of metering data on a monthly basis, reconciles it against a register of contracts, and passes the data to participants. NZX is contracted as Reconciliation Manager.

The process involves a considerable amount of detailed analysis to process and correct data for inaccuracies. Information from the reconciliation process is used for the electricity market settlement function carried out by the Clearing Manager.

The reconciliation processes and obligations on various parties involved in the process are set out in Part 15 of the Code.

This page is related to: Consumer Information, Retail and Wholesale Market.

Back to top Last updated on 14 January 2013