General news

Investigation into alleged breach by South Pacific Energy Limited

  • Code
  • Compliance

The Electricity Authority has started an investigation into an alleged breach of the Electricity Industry Participation Code 2010 (Code) by South Pacific Energy Limited.

Energy Clearing House Limited alleged that South Pacific Energy Limited breached clause 14.31(1)(a) of the Code at 1.00 pm on 20 April 2023 when a payment to the clearing manager failed to meet the deadline.

If any participant considers it is affected by the alleged breach and wishes to join the investigation, it should contact the appointed investigator by 5pm on 11 October 2023.

The investigator can be contacted by email at compliance@ea.govt.nz citing reference 2305SPEL1 in the subject line, or by Compliance portal or by post at: Compliance Investigator, Electricity Authority Te Mana Hiko, PO Box 10041, Wellington 6043.

Related News

Auditor forum strengthens collaboration and compliance

The Electricity Authority Te Mana Hiko hosted a successful auditor forum in Wellington on Wednesday 13 May to share insights and strengthen compliance work.

Stress test disclosures due by 24 June

The spot price risk disclosure regime requires certain participants in the wholesale electricity market to assess their financial exposure to hypothetical move…

Closure of section 16 review

The Electricity Authority Te Mana Hiko has closed an investigation into concerns raised with us about pricing, contract availability, and business conduct in t…