General news
More options to address winter peak demand challenges
- Generation
- Policy
We have made the decision to implement two more options to better manage potential tight supply situations for winter 2023:
- Option B: Provide forecast spot prices under demand sensitivity cases
- Option D: System operator review of wind offers based on external forecast
These options were earmarked for further development when we released our decision paper Driving efficient solutions to promote consumer interest through winter 2023 on 9 March.
We are also developing two further options:
- Option E: Clarify availability and use of ‘discretionary demand’ control (such as ripple control)
- Option G: Selectively increase existing ancillary service cover at times to offset increased uncertainty in net demand.
Work on options E and G is ongoing and decisions on their potential implementation will be made later in April.
Our decision to implement options B and D means that at least three improvements will be implemented ahead of winter 2023. This comes after our earlier decision to implement option A, to make better information available on headroom in the supply stack.
View project: Managing peak winter electricity demand
Related News
Changes to instantaneous reserve cost allocation
The Electricity Authority Te Mana Hiko is updating the way instantaneous reserve procurement costs are allocated to generators.
Security and Reliability Council adapts to changes
The Security and Reliability Council, which provides independent advice to the Electricity Authority Te Mana Hiko on reliability of supply issues, the performa…
Electricity Authority seeks input on Emergency Reserve Scheme
The Electricity Authority is seeking feedback on the proposed establishment of an Emergency Reserve Scheme to provide an extra layer of protection against unpl…