Proposed actions regarding 26 March 2011 UTS
About this consultation
Under Part 5 of the Electricity Industry Participation Code (the Code), the Authority is responsible for investigating any suspected or anticipated undesirable trading situations (UTS). If the Authority finds that a UTS is developing or has developed, it may take steps in regard to that UTS.
The Authority has reached a final decision that the situation existing on 26 March 2011 constitutes a UTS. The reasons for the Authority's decision are set out in the decision document which is at appendix A of the Consultation Paper. The decision document also sets out the proposed actions that the Authority intends to take to correct the UTS.
Clause 5.4 of the Code provides that if the Authority finds that a UTS has developed, the Authority must immediately advise all registered participants of its findings, and of any actions that the Authority intends to take to correct the UTS.
The Authority invites submissions on the actions the Authority proposes to take to correct the UTS. To avoid doubt, the Authority is not consulting on its final decision.
The Authority's preference is to receive submissions in electronic format (Microsoft Word). It is not necessary to send hard copies of submissions to the Authority, unless it is not possible to do so electronically. Submissions in electronic form should be emailed to email@example.com with Consultation Paper””Proposed actions to correct UTS on 26 March 2011 in the subject line.
If submitters do not wish to send their submission electronically, they should post one hard copy of their submission to the address below.
PO Box 10041
Level 7, ASB Bank Tower
2 Hunter Street
Tel: 0-4-460 8860
Fax: 0-4-460 8879
Submissions must be received by 5.00pm on Tuesday, 21 June 2011. Please note that late submissions are unlikely to be considered.
The Authority will acknowledge receipt of all submissions electronically. Please contact the Submissions' Administrator if you do not receive electronic acknowledgement of your submission within two business days.
If possible, submissions should be provided in the format shown in Appendix B. Your submission will be made available to the general public on the Authority's website. Submitters should indicate any documents attached, in support of the submission, in a covering letter. All information provided to the Authority is subject to the Official Information Act 1982.
Consultation-paper-on-proposed-actions-UTS-15Jun11.pdf | pdf | 43 KB | Last Changed: 15/06/2011 3:18pm
Final-Decision-and-Proposed-Actions.pdf | pdf | 486 KB | Last Changed: 01/07/2011 3:42pm
NB: This version of the UTS Committee Final Decision and Proposed Actions differs from the original version posted to correct a typographical error. The typographical error was the inclusion of the word “not” where it appeared for the second time in paragraph (a) of page 2 of the document under the heading “Claims not upheld”. In addition, there have been some minor editorial changes to the UTS decision published on 15 June 2011.
Summary-UTS-decision-and-related-matters-15-Jun11.pdf | pdf | 22 KB | Last Changed: 15/06/2011 3:19pm
Draft-remedial-pricing-15Jun11.xls | xls | 634 KB | Last Changed: 15/06/2011 3:19pm
QAs-UTS-Final-Decision.pdf | pdf | 37 KB | Last Changed: 15/06/2011 3:19pm