Draft decision regarding alleged UTS on 26 March 2011
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 preliminary finding that the situation existing on 26 March 2011 constitutes a UTS. The reasons for the preliminary finding are set out in the draft decision document which is at appendix A of the Consultation Paper. The draft decision document also sets out the draft remedial 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 Authority's draft decision and the draft remedial actions that the Authority intends to take to correct the UTS.
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 3.00pm on Friday, 13 May 2011.
The Authority will publish the submissions on the Authority's website as soon as possible after 3.00pm on Friday, 13 May 2011.
The Authority will allow for cross-submissions. Cross-submissions must be received by 3.00pm on Thursday, 19 May 2011.
Please note that late submissions and cross-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.pdf | pdf | 168 KB | Last Changed: 15/06/2011 12:25pm
draft-decision.pdf | pdf | 990 KB | Last Changed: 15/06/2011 12:25pm
draft-decision-summary.pdf | pdf | 59 KB | Last Changed: 15/06/2011 12:25pm
Marginal-cost-calculator.xls | xls | 370 KB | Last Changed: 15/06/2011 12:25pm
DraftremedialpricingHLY.xls | xls | 955 KB | Last Changed: 15/06/2011 12:25pm