Real-time pricing milestone for the electricity sector
This week we celebrate the final phase of the real-time pricing project when dispatch notification and dispatchable demand enhancements go live. From Thursday 27 April, participants will be able to bid and offer their demand flexibility and distributed energy resources into the wholesale market with more certainty.
Dispatchable demand will suit larger consumers or participants who are currently ancillary service agents in the instantaneous reserves market.
Dispatch notification is designed for aggregated or small-scale flexible demand and generation operators wanting to receive more certainty that they are realising the value of their resource.
New date for the Market Development Advisory Group’s recommendations
The final report from the Market Development Advisory Group (MDAG) project about price discovery in a renewables-based electricity system will now be published…
Review of off-peak prices
In May 2023, off-peak prices were particularly high for trading periods 21-34 at between $78/MWh and $245/MWh. Our Market Monitoring team has conducted analysi…
Decision on settlement residue funding
In May 2023, we consulted on proposed changes to the Electricity Industry Participation Code 2010 (Code) to enable Transpower to recover its costs of administe…