21 March 2017

 

Welcome to Market Brief, the Electricity Authority’s weekly update on regulatory and market developments.

 
 

Contents

 
 
 
 
 
 
 
 

Transmission pricing methodology (TPM) review: second issues paper: Question and Answer session on CBA calculations

 
 

As announced in our Market Brief on 14 March 2017, Oakley Greenwood (OGW) will be running an online Question and Answer session on Tuesday 28 March via an email group. OGW provided an independent cost-benefit analysis (CBA) of Transmission Pricing Options, 11 May 2016, and updated the CBA for the supplementary consultation paper, 13 December 2016.  

The session is an opportunity to ask questions specifically related to the calculations in the CBA (not methodology). OGW staff will be available to answer questions via the email group on Tuesday 28 March from 10 am to 12:30 pm, and 2 pm to 4:30 pm (New Zealand time).

If you would like to participate in this online session please email admin@oakleygreenwood.com.au. A reply email will be sent confirming membership of the email group.

Questions can be submitted from today until 4 pm on Tuesday 28 March to CBA-QandA@oakleygreenwood.com.au.  

If parties have any comments regarding the answers provided they should be emailed to submissions@ea.govt.nz prior to 2 pm on Tuesday 4 April stating “CBA Questions” in the subject line.

Questions and answers will be published on the Electricity Authority website at a later date.

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Electricity Authority/system operator joint development programme published

 
 

The Electricity Industry Participation Code 2010 requires the Electricity Authority and the system operator to agree, and for the Authority to publish, a joint development programme at least annually. 

The programme coordinates and prioritises the following:

  • those items in the Authority's industry development work plan on which the Authority intends to liaise with the system operator
  • the system operator's capital expenditure plan provided to the Authority under the system operator market operation service provider agreement.

We have recently agreed updates to the programme that reflect progress, changes to priorities, and other project agreements that have occurred since we last published the programme in August 2016.  

We have published the updated programme on our website.

Please email any questions about the programme to info@ea.govt.nz.

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Wholesale Advisory Group papers published  

 
 

We have published the papers from the Wholesale Advisory Group (WAG) meeting held on 15 March 2017. 

The WAG continued its review of the instantaneous reserve event charge and cost allocation (IRECCA) regime. It considered additional material prepared by the secretariat to aid the WAG's resolution of outstanding issues in their draft IRECCA recommendations paper.

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Documents relating to Rulings Panel decision

 
 

As advised in Market Brief on 31 January 2017, the Rulings Panel decided it had jurisdiction under section 50(4) of the Electricity Industry Act 2010 to hear a complaint by Solar City New Zealand Limited against Unison Network Limited (Unison). 

On 13 February 2017, Unison appealed to the High Court against the Rulings Panel’s decision. The Authority is the second respondent to the appeal.

We have published documents relating to the Rulings Panel decision on our website.

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March and April 2017 What’s My Number Campaign

 
 

We will launch the March and April campaign on 26 March 2017; the campaign will run for three weeks. Campaign advertising will involve the following media channels:

  • television
  • digital (online)
  • public relations
  • non-digital, eg, magazines.

We will continue to work with our partner Consumer NZ.

Planning for the winter 2017 campaign is under way, and we will advise the launch date and duration of the campaign closer to the time.

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Current consultations

 
 

Making hours-ahead price forecasts more accurate

We have published a consultation paper about ways to improve the accuracy of prices in the forecast schedules that are available up to 36 hours in advance of real-time.

Started: 21/02/2017; Ending 4/04/2017 5 pm

Requirements and processes for audits

We are consulting on inherent risk registers and updated guidelines for auditors and audited participants, to reflect changes to the Code that come into force on 1 June 2017.

Started: 28/02/2017; Ending 11/04/2017 5 pm

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