General news

Case study: Enhancing accuracy in deemed energy and reserve offers

  • Code
  • Compliance

To maintain the security, reliability and efficiency of the market, it’s important that generators make accurate offers when competing to sell their electricity on the wholesale electricity market.

Generators are required to have robust processes in place, so their offers never exceed their capability to generate.

This case study highlights the importance of reviewing offers, particularly when relying on the deemed offer rollover. Deemed offers similarly apply to reserve offers, so this case study equally applies to ancillary service agents.

Case study: Enhancing accuracy in deemed energy and reserve offers

It demonstrates how oversights and inadequate processes can lead to incorrect offers, non-compliance, and potential market impacts.

Industry participants can learn from this case study by reviewing their own offer processes and implementing robust checks to ensure accuracy and compliance.

Related News

Non-discrimination obligations monitoring and compliance documents

The Electricity Authority Te Mana Hiko has published three documents that set out how it intends to monitor compliance with the non-discrimination obligations …

Feedback sought on proposed FTR change

We are seeking feedback on a proposal to remove the requirement for the Financial Transmission Rights manager to calculate the amount of loss and constraint ex…

Feedback invited on application for a Type B industrial co-generation station

We are considering an application from New Zealand Steel for Glenbrook Power Station’s Kilns Cogeneration Plant to be classified as a Type B industrial co-gene…