7 February 2018

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

Contents

Call for nominations for independent chair of IPAG

The Authority is calling for nominations for an independent chair of the Innovation and Participation Advisory Group (IPAG). This follows the resignation of Lindsay Cowley, whose new role as General Manager Agile Implementation at Spark no longer allows him to commit the necessary time to the IPAG. 

We acknowledge this is a fantastic personal opportunity for Mr Cowley and thank him for his service, particularly his efforts in shaping the direction of the IPAG. 

Mr Cowley will chair the next IPAG meeting on Thursday, 8 February, with his resignation taking effect at the end of the meeting. The group’s temporary deputy chair, Melanie Lynn, will serve as acting chair until a new chair is appointed. We’re confident the IPAG will be able to continue its work as planned. 

The Authority is aiming to appoint a new IPAG chair by the beginning of May 2018, for a term ending in May 2020.

More details, including the nomination form, charter and terms of reference, are available on our website.

Nominations close at 5 pm on Tuesday, 27 February.

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Submissions for lower South Island ACOT implementation list

We have published the submissions received on the proposed list of distributed generation eligible to receive avoided costs of transmission (ACOT) payments in the lower South Island. The consultation closed on 30 January. 

We are considering the submissions and expect to publish a final list for the lower South Island before 1 April.

The nine submissions are available to view on our website.

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Energy Trader Forum: Market making, good trading conduct, and panel discussion

As part of its work to provide insight and updates for participants in the electricity market, the Energy Trader Forum is hosting its quarterly meeting at Rydges Hotel in Wellington on Wednesday, 14 February from 1.30 pm–6 pm. 

The meeting will canvass market making and good trading conduct, and feature a panel discussion on achieving more commercial benefit for gas market participants.

Key speakers include Julian McCree, Derivatives Manager at Genesis Energy; Toby Stevenson, Consulting Director at Sapere Research Group; Steve Bielby, Chief Executive of Gas Industry Company; Craig Schubauer, Wholesale Market Manager at Trustpower; and Nick McDougall, Commercial Executive at OMV.

To express interest in attending, please email your name and contact details to trader@freemanmedia.co.nz.

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Current consultations

Multiple trading relationships

We have published a consultation paper on Multiple trading relationships. The paper identifies 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 5pm

2018 Code review programme

We’re proposing a number of discrete amendments to various parts of the Code. The amendments largely focus on resolving practical problems created by Code provisions that impede the efficient operation of the industry.

Started: 16/01/2018; Ending: 06/03/2018 5pm

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