Emergency Reserve Scheme Code amendment proposal

Following our consultation on establishing an Emergency Reserve Scheme, we are now seeking feedback on the proposed Code amendments necessary to establish an Emergency Reserve Scheme as an ancillary service in the electricity market.

The proposed amendments would enable industrials to be appropriately rewarded for providing generation capacity or reducing their power consumption on request to make it available to the grid, where it makes commercial sense to do so.

We have made the decision, in principle, to proceed with implementation of the Emergency Reserve Scheme to enhance the reliability of New Zealand’s electricity system and help ensure there is a secure supply of electricity. We will make a final decision about implementation once we have considered all feedback on the proposed Code amendment.