General news
Shift your electricity use and help the New Zealand system
- Wholesale
- Prices
Real-time pricing is changing the way people interact with the wholesale electricity market. From April 2023, large industrial customers can manage their exposure to high spot prices by having part of their electricity load on a fixed price and the other part on demand response. While other businesses and residential consumers could be compensated when they allow their distributed energy resources such as solar and battery systems to be bid into the market on their behalf with a product called “dispatch notification” (subject to approval by the system operator).
Watch our new animation below to find out how this can help unlock innovation and support New Zealand towards a more renewable future.
For more information on real-time pricing, dispatch notification and dispatchable demand enhancements read our RTP explainer.
The system operator is available to discuss how you or your customers’ demand flexibility or distributed energy resources can participate in the wholesale market. Please contact the system operator on market.operations@transpower.co.nz for further details.
Related News
Code changes support potential FTR market development
The Electricity Authority Te Mana Hiko is amending the Electricity Industry Participation Code 2010 so that all loss and constraint excess is available to sett…
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…
Subscribe to Market Brief
Get the latest news, updates and market insights from the Electricity Authority direct to your inbox.