General news
Code changes support potential FTR market development
- Wholesale
- Code
The Electricity Authority Te Mana Hiko is amending the Electricity Industry Participation Code 2010 (Code) so that all loss and constraint excess (LCE) is available to settle the Financial Transmission Rights (FTR) market.
Previously, the FTR manager had to calculate the proportion of LCE available to the market under Schedule 14.3 of the Code. The amendment removes this costly and complex process and improves the efficiency of the FTR market’s funding arrangements.
It also reduces the capital cost of adding more FTR hubs in the future, supporting market development and greater retail competition through improved management of locational price risk.
The amendment will come into effect on 1 October 2027.
Related News
Feedback sought on improving incentives for long-duration firming
More renewable generation is helping to reduce the risk of electricity shortages when hydro lake levels are low. But we still need to ensure there is enough re…
Authority changes rules to boost battery flexibility
The Electricity Authority Te Mana Hiko is amending the Electricity Industry Participation Code to remove barriers to battery energy storage systems playing a b…
Authority to progress Standardised Demand Flexibility Product recommendations
The Electricity Authority Te Mana Hiko has welcomed the recent report by the Standardised Demand Flexibility Product Co-design Group and endorsed the products …
Subscribe to Market Brief
Get the latest news, updates and market insights from the Electricity Authority direct to your inbox.