Spot market settlement on real-time pricing
Proposal for the design of the remaining elements of real-time pricing
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Submissions closed 30 April 2019
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Consultation
We consulted on the remaining elements of the design for spot market settlement on real-time pricing (RTP). We sought feedback on the following three design elements :
- full details of our proposal for ‘dispatch-lite’ (a form of dispatchable demand for smaller purchasers), now expanded to include distributed generation
- the pricing that should apply during shortfalls in instantaneous reserve cover
- a process for reviewing the dollar amounts assigned to the default scarcity pricing values.
We also sought feedback on the final draft of the proposed amendments to the Electricity Industry Participation Code 2010.
See below for our consultation paper and the submissions received.
Following this consultation, we decided to implement RTP in the wholesale market on 28 June 2019: read the decision paper.
Consultation papers
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Consultation paper: Remaining elements of RTP19 March 2019
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Revised RTP cost-benefit analysis model19 March 2019
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Appendix B: Proposed Code amendment19 March 2019
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Appendix C: TAS078 report from the system operator19 March 2019
Summary of submissions
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Summary of submissions14 May 2019
Submissions
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Contact Energy6 pages
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Enel-X6 pages
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Genesis Energy4 pages
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IEGA3 pages
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Mercury Energy4 pages
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Meridian Energy8 pages
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MEUG4 pages
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NZWEA4 pages
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Orion5 pages
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Transpower6 pages
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Trustpower1 page