Enabling market evolution: Market Operation Service Provider 10-year roadmap
Consultation
This consultation sought feedback on our view of the issues facing our Market Operations Service Provider (MOSP) contractors and our proposed approach to modernising the services.
We contract five contestable MOSPs to operate the electricity markets efficiently and facilitate market development:
- Clearing Manager – responsible for financial management and settlement of wholesale market transactions
- Reconciliation Manager – ensures consumption volumes are allocated to the correct traders for settlement
- Wholesale Information and Trading System (WITS) Manager - responsible for managing spot market data transfers and publication
- Registry Manager – maintains the register of consumption ICPs and the registry hub for managing regulated consumption data requests from approved third parties
- Financial Transmission Rights (FTR) Manager – operates the FTR market
The consultation paper sought feedback on the Authority’s assessment of:
- the challenges facing our MOSPs and
- potential changes to the services to meet these challenges.
The quantity of uses and users of market data – both wholesale market data and consumer data from individual ICPs – has been changing rapidly over recent years. We expect the rate of change to accelerate; meeting these growing needs for data will require significant changes to our existing MOSP systems.
Our current commercial arrangements make widespread change complex to manage and potentially more costly and time consuming than it could be. Co-ordinating changes across multiple systems and vendors introduces scheduling and financial risk to policy implementation projects.
We sought feedback on our proposal to rationalise and re-scope our MOSP services to be:
- easier to manage commercially,
- easier to coordinate change across and
- able to meet the future challenges of consumer and market data management and sharing.
We received 13 submissions. These are published below.
Consultation paper
Submissions
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Ackama NZ Limited11 pages
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Axos Systems Limited8 pages
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Counties Energy4 pages
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ENA5 pages
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ERGANZ7 pages
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Haast2 pages
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Jade Software7 pages
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Kiwi Collaborative7 pages
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NZX3 pages
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MWNZ11 pages
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Powerco8 pages
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Transpower5 pages
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Vector6 pages