The report covers the Authority's key achievements and provides detailed reports on its financial and non-financial performance.

The report is tabled in Parliament and published in accordance with the Crown Entities Act 2004.

Our Annual Report for the 2016/17 financial year

Highlights from the 2016/17 financial year include:

  • we developed the details of a real-time pricing system to help participants make better decisions about their electricity use
  • we held a valuable distribution pricing conference, bringing together interested parties to discuss and debate the future of more efficient distribution prices
  • we made a significant change to the Authority’s website, making it accessible for tablet and mobile users
  • with NZX, we celebrated 20 years of New Zealand’s wholesale electricity market
  • with the system operator, we launched a national market for instantaneous reserve, which has achieved significant efficiency gains
  • we changed the distributed generation pricing principles, which is expected to save consumers many millions of dollars per year
  • we established two new advisory groups: the Innovation and Participation Advisory Group and the Market Development Advisory Group
  • we reviewed two mechanisms that influence security of supply: the customer compensation scheme and the stress testing regime
  • we reviewed the participant audit regime to ensure the purpose of the regime was well defined and to better align the regime with our statutory objective and auditing best practice
  • we welcomed four new Board members in the second quarter of 2017.

Previous Annual Report Documents