Consultation on enhancements to market for Financial Transmission Rights
We are seeking feedback on 12 options for improving the Financial Transmission Rights (FTRs) market, which could help participants manage locational price risk more easily and effectively.
We are seeking feedback to determine which, if any, of the 12 options are worth considering further. We think eight of the options could be led by our service providers, and we are seeking high-level comment on those options to inform their priority.
We are seeking detailed comments on the other four options. One of these is to allow Australian-based parties to directly trade FTRs. We think it could have efficiency benefits for the FTR market and wider hedge market. However, increases in participation could make it harder to acquire FTRs, since there is a limited supply. Therefore, we are also seeking feedback on options that could address the inherent supply constraints.
Normal Frequency Management – Strategic Review information paper
We are reviewing the arrangements for managing normal frequency to investigate options to further promote the efficiency limb of the Authority’s statutory objective. Matters to be considered include the asset owner performance obligations for generators, the proposed national market for frequency keeping, cost allocation, and dispatch processes.
We have published an information paper that includes results of analysis completed by the Authority, supported by detailed technical reports from the system operator. Publishing the paper provides an opportunity for interested parties to provide feedback on the proposed future arrangements for normal frequency management.
We recently sought nominations to fill three positions on the Security and Reliability Council (SRC). The three positions relate to one resignation and two expiring memberships, including the chairperson.
The SRC Charter specifies a range of selection criteria and requires the SRC as a whole to include a balance of knowledge regarding the long-term interests of consumers, power systems engineering and analysis, generation and demand-side management technologies, and regulatory and economic analysis.
We received nominations from a number of highly qualified candidates and we are pleased to announce:
the reappointment of Mike Underhill as independent chairperson, term expiring 31 March 2020
the reappointment of Barbara Elliston as an ordinary member, term expiring 31 March 2020
the appointment of Marc England as an ordinary member, term expiring 31 March 2019.
SRC member biographies are available on our website.
Second training course for registry users, 27–28 June 2017
We are running a second hands-on training course for registry users on 27 and 28 June 2017, from 9.30 am to 4 pm, in Auckland. The course is suitable for new registry users and people wanting to gain some knowledge of how the registry works. Attendees will engage in hands-on exercises and role-playing.
The training course will cover the following:
the operation of the registry and lifecycle of an ICP including the registry roles of distributor, trader and metering equipment providers
the operation of the reconciliation manager portal to upload and download files, manage trade notifications, and add/edit changes to NSPs and balancing areas.
We need to set up individual workstations for registry access, so total attendance numbers are limited and may also be limited by organisation.
To express interest in attending the course, please email your name and contact details to firstname.lastname@example.org by COB Friday, 31 March 2017 with ‘June 2017 registry training’ in the subject line.
Places will fill fast, but please do not book flights and accommodation until you have received confirmation of attendance.