Electricity Authority Market Commentary

In June 2013, the Authority started the Financial Transmission Rights (FTR) market. The successful development of this financial risk management tool is helping the wholesale market mature.

Facilitating innovation and participation is a key focus of the Electricity Authority’s work, along with reducing barriers to the entry and expansion of parties in electricity markets.

Electricity Authority’s Manager Retail and Network Markets Craig Evans, outlines the exciting and ever changing environment of the electricity sector and the work the Authority is undertaking to reduce barriers to participation.

There are challenges and opportunities facing New Zealand as it looks towards a fully renewable electricity future.

Currently consumers can only choose one electricity supplier with which to establish a relationship. The future could look very different as innovation creates new opportunities for consumer choice and control.

The electricity industry data system needs to support innovation while also continuing to support existing ways of doing business.