UTS 5 November 2007
We received a claim that an undesirable trading situation (UTS) occurred on 5 November 2007. This claim was later withdrawn and the Electricity Authority took no further action.
UTS claim
The Authority received a claim from Contact Energy that a UTS occurred on 5 November 2007.
The claim was about dispatch prices for the Auckland region reaching approximately $45,000MWh. The claim alleged these prices did not reflect actual market conditions.
Claim withdrawn
Contact Energy subsequently withdrew the claim.