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

Please note the final edition of Market Brief for 2017 will arrive in your inbox early afternoon Wednesday 20 December.

 
 

Contents

 
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Final determinations of causers of under-frequency events

 
 

An under-frequency event is when the frequency falls below 49.25 Hz. We have published our final determinations on the causers of the under-frequency events that happened on 2 March, 11 June, and 15 June 2017:

  • Transpower New Zealand Limited, as grid owner, was the causer of the event at 11.21am on 2 March 2017
  • Meridian Energy Limited was the causer of the event at 11.24 am on 2 March 2017
  • Contact Energy Limited was the causer of both the 11 June and 15 June 2017 events.

Further details about the final determinations are available on our website.

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Call for nominations for the Security and Reliability Council

 
 

We are calling for nominations for three members of the Security and Reliability Council (SRC). The SRC provides us with independent advice on reliability of supply issues, and on the performance of the electricity system and the system operator. The SRC comprises senior members of the New Zealand electricity industry, including consumers.

We are particularly interested in nominations from people who have experience in governance or management roles responsible for: 

  • renewable generation
  • electricity distribution networks
  • economic and regulatory analysis.

We intend to appoint the successful nominees in March 2018, for an expected term of three years.

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Call for nominations for Switch Technical Group

 
 

We are establishing a Switch Technical Group as part of our review of the switching provisions. The Group will provide advice on any amendments that should be made to the switching process to ensure it remains fit for purpose.

We are calling for nominations for trader and metering equipment provider members of the STG. We will also consider distributors who have an interest in the switching process. Nominees should have experience and knowledge of:

  • the switching process
  • the reconciliation process
  • methods of communication between participants
  • methods of communication between participants and service providers.

The expected term of appointment is six months, with up to four meetings between February and April 2018.

 
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Work programme report for the year to 31 October 2017

 
 

We have published our work programme report for the period covering 1 July to 31 October 2017. This is a progress report against the work programme we published in July and covers our priority 1, 2 and 3 projects.

The work programme and the report to 31 October are available on our website.

 
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Stress Test scenarios unchanged for the Jan-March quarter of 2018

 
 

The stress test scenarios previously published on the Authority's website will apply for the January-March quarter of 2018. There is no change from the previous quarter.

The stress-testing regime requires certain participants in the wholesale electricity market to apply a set of standard stress tests to their market position and report the results to their board and to NZX as the independent registrar appointed by the Authority.

Questions about the stress tests can be directed to marketoperations@ea.govt.nz. Please include 'stress test' in the subject line.

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Current consultations

 
 

Authority consultation on appropriations and work programme focus areas

We are seeking feedback on our 2018/19 levy-funded appropriations and work programme focus areas.

Started: 21/11/2017; Ending: 19/12/2017


List of distributed generation eligible to qualify to receive ACOT, lower South Island

We are seeking views on the list of distributed generation in the lower South Island that we propose would be eligible to receive avoided cost of transmission (ACOT) payments.

Started: 5/12/2017; Ending 30/01/2018
 

Multiple trading relationships

We have published a consultation paper on Multiple trading relationships. We have identified potential barriers that may constrain consumers from using electricity services provided by more than one party at the same time, at the same location (multiple trading relationships).

Started 28/11/2017; Ending: 27/02/2018

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