1 May 2006
A UTS claim was made by Genesis Energy in respect of the calculation of final prices for 28 April 2006.
It considered that there may have been an error in the scheduling pricing and dispatch model used to calculate the final price which would result in the improper settlement of trades. In particular Genesis highlighted the final prices for trading period 35 at Wilton, Haywards, Greytown and surrounding areas.
By a majority of its members, the Electricity Commission Board found that the circumstances giving rise to the undesirable trading situation claim by Genesis did not constitute an undesirable trading situation.