System security and resilience
Improving the accuracy of intermittent generation forecasts
Improving the accuracy and frequency of intermittent generation forecasts in the spot market.
Intermittent generation forecasts are often inaccurate and unreliable until close to real time. Inaccurate forecasting is prevalent because there are minimal obligations around the accuracy of intermittent generation forecasts. Intermittent generators have few incentives to forecast accurately as there is little correlation between forecasting accuracy and revenue earnt in the spot market.
Thanks to all those who provided feedback on our consultation to improve uncertainty in intermittent generation forecasts in the spot market. We are considering all submissions before we decide which option to progress for Winter 2024.
Winter 2024Intention —
Implement policy solution
14 June 2023Consultation —Forecasting provisions for intermittent generatorsView consultation
17 October 2022Review —
Accuracy of wind generation, demand forecasts and bids from April 2021-March 2022
Incorrect forecasting by wind generators was a contributing factor in the 9 August 2021 grid emergency, which resulted in the disconnection of approximately 34,000 customers without warning.
In response to this grid emergency, the Electricity Authority (and other organisations) conducted a number of reviews and investigations to:
- understand the causes of power supply interruptions
- understand the industry’s response on the night
- learn lessons from the event to identify and recommend improvements to ensure similar circumstances are better managed in future.
In response to one of the review’s recommendations, we published an information paper about the accuracy of wind generation, demand forecasts and bids leading up to real time from April 2021 to March 2022. We found that intermittent generation forecasts are often inaccurate and unreliable until the last three and a half hours before real time.
Other projects in System security and resilienceView all projects
Risk of thermal plant closures
Investigating the implications of major thermal retirement decisions.
Future security and resilience
Ensuring our electricity system remains secure and resilient for New Zealand's low-emissions energy transition.