General news

Decision on TPM improvements and consultation extension

  • Transmission
  • Code

In May 2023, we consulted on minor changes to the new transmission pricing methodology (TPM) to address some technical issues identified by Transpower.

Following our consultation, we’ve decided to amend Part 12 of the Code to correct 9 of the 10 issues.

We have decided to seek further feedback on issue 5. We are providing supplementary information and welcome submissions by 19 July 2023. Issue 5 is: Allow Transpower more flexibility in the calculation of regional Net Private Benefit under the price-quantity method for BBC allocation.

We look forward to receiving your feedback.

View consultation: Amendments to correct minor TPM issues

Related News

New form of Hedge Settlement Agreement available in 2026

On 1 January 2026, amendments to the Electricity Industry Participation Code will take effect allowing the clearing manager to settle fixed price variable volu…

Selection process starts for over-the-counter trading platform

We've started working with industry participants to select an OTC trading platform that has all the features necessary to deliver voluntary or mandatory market…

Amended Code exemption for more local generation

We’ve approved an amendment to an existing Code exemption for WEL and NewPower to support more local generation.