Standardised demand response flexibility product

We’re seeking your insights to help shape a standardised demand flexibility product. Share your views in this survey and help us focus on the features, barriers, and opportunities that matter most.

Alternatively, you are welcome to share your views or request a meeting by emailing flexibility@ea.govt.nz

Complete the survey

Name

Job title

Organisation

What is your main interest in the product?

Buyer
Seller
Both
Other

If you selected 'other', please specify

If you're a buyer, are you a...?

Retailer
Trader
Major gentailer
Other

If you selected 'other', please specify

Are you a...?

Commercial consumer
Industrial consumer
Aggregator
Other

If you selected 'other', please specify

If you are a seller, what is your sector?

Manufacturing eg, metals, dairy, forestry
Commercial eg, data centres, refrigeration
Other

If you selected 'other', please specify

If you are a seller, in questions 1-9, please indicate how much, how quickly, and how frequently you could potentially offer flexible load (assuming other terms, including price, were acceptable)?

1. Approximately how much capacity of flexible load (in MW) could you offer? Eg, from 0-100MW

2. How long could you provide it for each event?

Event = instance in which they are called for the product to be used

Less than 1 hour
1-2 hours
2-4 hours
More than 4 hours

3. How much notice would you require?

Less than 1 hour
1-4 hours
4-24 hours
More than 24 hours

4. How often would you be willing to respond?

1-5 times a year
6-10 times a year
11-20 times a year
More than 20 times a year
Other

If you selected 'other', please specify

5. When could you make your flexible load available?

Summer
Autumn
Winter
Spring
All year

6. What type of electricity contract do you currently have?

Fixed volume/Fixed price
Fixed volume/Variable price
Variable volume/Variable price
Variable volume/Fixed price
Other

If you selected 'other', please specify

7. Does your current electricity contract require/involve demand response?

Yes
No
Don't know

If you selected ‘yes’, what is the maximum capacity (in MW)?

8. Does your current electricity contract allow on-selling (allow you to resell the electricity you purchased)?

Yes
No
Don't know

If you selected 'yes', what is the maximum capacity (in MW)?

9. At which Grid Exit Point(s) are your resources located?

Example: ABY0111

If you are a buyer, in questions 10-15, please estimate how much of the following you would seek (assuming other terms, including price, were acceptable):

10. Approximately how much capacity would you need? Eg, from 0-100MW

11. How long would you typically require for each event?

Event = instance in which they are called for the product to be used

Less than 1 hour
1-2 hours
2-4 hours
More than 4 hours

12. How much notice would you like to give before an event?

Less than 1 hour
1-4 hours
4-24 hours
More than 24 hours

13. How often would you use this demand flexibility product?

1-5 times a year
6-10 times a year
11-20 times a year
More than 20 times a year

14. When would you require this product?

Summer
Autumn
Winter
Spring
All year

15. At which Grid Exit Point(s) would you need these resources to be located?

Example: ABY0111

16. If you are a seller, how strongly do you agree with the following statements?

Rate each from 1–5, where 1 = Do not agree 5 = Strongly agree

My business could supply demand response in peak times (especially in winter)

Selling our demand response flexibility is aligned with our core business and the obligations would not be disruptive

We are keen to monetise our demand response flexibility

We expect that buyers (eg, electricity retailers) would pay enough to make this attractive

We have tried to contract for demand response before

Our board would support efforts to monetise demand response flexibility

17. If you are a seller, how strongly do you agree with the following barriers to contracting for demand response?

Rate each from 1–5, where 1 = Do not agree 5 = Strongly agree

We know where to start

We know which retailers to approach

We have the information and tools we need to price contracts

The costs of negotiating and writing bespoke contracts are manageable for us

The upfront investment requirements are manageable for us

18. If you are a buyer, how strongly do you agree with the following statements?

Rate each from 1–5, where 1 = Do not agree 5 = Strongly agree

Even if we hedge where it is cost-effective to do so, residual spot price volatility during peak periods (especially in winter) is a significant risk to our profitability and business model

Access to cost-effective demand response (from commercials and industrials) in peak demand periods (eg, winter) could reduce financial risk and support our business model

We expect sellers could provide cost-effective hedges through demand response contracts

We have tried to contract with commercials and industrials for demand response

19. If you are a buyer, how strongly do you agree with the following barriers to contracting for demand response?

We know which sellers to approach

We have the information and tools we need to price contracts

Prudential settings (financial obligations on participants that purchase electricity on the wholesale spot market to ensure that sellers of electricity are paid for the electricity they supply) recognise or encourage demand response contracts

The costs of negotiating and writing bespoke contracts is manageable for us

Sellers generally have the information and awareness they need to monetise demand flexibility

Sellers generally consider that contracting for demand response is not too disruptive and is well aligned with their business

20. If you are a seller, how much would a well-designed standardised demand response contract help you with?

Rate the following from 1–5, where 1 = Do not agree 5 = Strongly agree

Monetising your demand flexibility during peak demand periods (especially in winter)

Unlocking the potential for electricity retailers and others to buy your demand response flexibility

Other - please explain

21. If you are a buyer, how much would a well-designed standardised demand response contract help you with?

Rate the following from 1–5, where 1 = Do not agree 5 = Strongly agree

Reducing spot price volatility in peak demand periods (especially in winter)

Closing hedge gaps not currently covered eg, by ASX and OTC contracts, including the new standardised super-peak contract

Unlocking the potential for commercials/industrials to provide efficient demand response and put downward pressure on spot prices

Helping to manage peak demand shortages and security of supply

Other - please explain

Questions 22-31 are for all respondents

22. Beyond standardised contracts, what else is needed to unlock an efficient demand response flexibility product?

Rate the following from 1–5, where 1 = Do not agree 5 = Strongly agree

Education

A central trading platform

Price transparency

Recognition of demand response flexibility contracts in prudential arrangements

Other - please specify

23. What is your preferred option for each of the following categories?

Contract structure

Option (pay premium for right to call)
Outright purchase (fixed payment for obligation)
Both
Other

If you selected 'other', please specify

Prudential offset qualification

eg, reduces collateral needs

Essential
Nice-to-have
Not needed
Other

If you selected 'other', please specify

Duration per event

eg, 1-4 hours

Specified in standard contract
For negotiation

Exercise limits

eg, max 10-20 times a year

Trigger conditions

Specified in standard contract
For negotiation

Notice period

eg, 1-24 hours

Specified in standard contract
For negotiation

MW quantity flexibility

eg, partial cells

Specified in standard contract
For negotiation

Verification/baseline measurement

eg, metered reduction

Penalties for non-performance

Specified in standard contract
For negotiation

Open: other elements

eg, value stacking with networks

24. If the product meets your expectations, how likely are you to use it?

Very likely
Somewhat likely
Unlikely
Not at all

25. What would this new demand flexibility product offer that the super-peak doesn’t?

26. What methodology would you use to price these contracts and ensure fair value?

27. Is there sufficient demand for this product to justify its development in your view?

Yes
No
Maybe

If you selected 'yes', please explain why

If you selected 'no', please explain why

If you selected 'maybe', please explain why

28. Who would/wouldn't use it?

29. Are you confident it would provide sufficient differentiation from the super-peak product?

Yes
No
Don't know

If you selected 'yes', please explain why

If you selected 'no', please explain why

If you selected 'don't know', please explain why

30. What are the key features and characteristics which would ensure the product’s success?

31. Do you have any other thoughts to share?

Your power

Industry

Data & insights

Code & compliance

Our projects

About us

Standardised demand response flexibility product

Complete the survey

If you are a seller, in questions 1-9, please indicate how much, how quickly, and how frequently you could potentially offer flexible load (assuming other terms, including price, were acceptable)?

If you are a buyer, in questions 10-15, please estimate how much of the following you would seek (assuming other terms, including price, were acceptable):

16. If you are a seller, how strongly do you agree with the following statements?

17. If you are a seller, how strongly do you agree with the following barriers to contracting for demand response?

18. If you are a buyer, how strongly do you agree with the following statements?

19. If you are a buyer, how strongly do you agree with the following barriers to contracting for demand response?

20. If you are a seller, how much would a well-designed standardised demand response contract help you with?

21. If you are a buyer, how much would a well-designed standardised demand response contract help you with?

Questions 22-31 are for all respondents

22. Beyond standardised contracts, what else is needed to unlock an efficient demand response flexibility product?

23. What is your preferred option for each of the following categories?