Pricing in a renewables-based electricity system

Price discovery in a renewables-based electricity system

Upcoming Open Closed Decision
Make a submission Submissions closed 6 March 2023
Share

Consultation

The Market Development Advisory Group (MDAG) are seeking your views on how wholesale electricity arrangements should be changed to enable the electricity system to play its role, fully and efficiently, in decarbonising New Zealand’s economy.

They would like feedback on a range of options for changes to the wholesale market, assuming 100% renewable supply, to ensure economically efficient price signals.

Have your say! Please read the options paper and make a submission by 5pm on Monday 6 March 2023.

MDAG will then consider all submissions before providing their final recommendations to the Electricity Authority’s Board in mid-2023.

Options paper

Price discovery in a renewables-based electricity system - options paper

Price discovery in a renewables-based electricity system - options paper

This options paper proposes a range of options where change could be warranted as New Zealand transition towards 100% renewable electricity supply.

The paper is structured around five areas for future action, each with multiple options for consideration:

  • Ensuring reliable and efficient operational coordination
  • Ensuring effective risk management and efficient investment
  • Lifting demand-side participation
  • Strengthening competition
  • Increasing market confidence
2 December 2022

Supporting documents

Download all as a zip

Make a submission

A full list of questions MDAG would like you to answer in your submission can be found in Appendix B of the options paper.

Please email submissions to mdag@ea.govt.nz by 5pm on Monday 6 March 2022.

Submissions

Download all submissions (.zip)