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Electricity Authority - Latest News [Page 1]
Electricity Authority Will Investigate Possible Undesirable Trading Situation
Saturday, 2 March 2024, 9:41 am | Electricity Authority
The Electricity Authority Te Mana Hiko will investigate a possible undesirable trading situation (UTS) relating to 9 August 2021 following a recent High Court decision. In a judgment released on 16 February, the High Court decided scarcity prices were ... More >>
Improving Electricity Consumer Protections And Choice
Thursday, 1 February 2024, 10:27 am | Electricity Authority
The Electricity Authority Te Mana Hiko (Authority) has decided to mandate the Consumer Care Guidelines (Guidelines) to improve protections for consumers. This decision follows our consultation from September 2023 that sought feedback on four options ... More >>
Uplift In New Renewable Electricity Generation Projects
Tuesday, 23 January 2024, 10:25 am | Electricity Authority
A report commissioned by the Electricity Authority Te Mana Hiko shows the amount of new renewable electricity generation that has been committed has almost doubled in 18 months. The Generation Investment Survey released today shows that there is ... More >>
Protecting Electricity Consumers At Heart Of New Consultation
Monday, 4 September 2023, 9:48 am | Electricity Authority
The Electricity Authority Te Mana Hiko (the Authority) is seeking feedback on options to strengthen and update the Consumer Care Guidelines (Guidelines). A recent review undertaken by the Authority provided evidence that the voluntary Guidelines, introduced ... More >>
New Chair For Electricity Authority
Tuesday, 11 July 2023, 1:03 pm | Electricity Authority
Anna Kominik has been appointed the new Chair of the Electricity Authority. Ms Kominik has been appointed by the Governor-General for a five-year term which commences on 13 July 2023. Ms Kominik has resigned as independent Chair of the Electricity Retailers’ ... More >>
Solar Energy Sharing For Social Housing Trial Approved
Tuesday, 27 June 2023, 6:18 am | Electricity Authority
The Electricity Authority has approved two exemptions and technical and non-controversial amendments to the Electricity Industry Participation Code 2010 (the Code) to facilitate an energy sharing trial led by Kāinga Ora and Ara Ake. The exemptions will enable ... More >>
Electricity Industry Works Together To Prepare For Winter
Friday, 9 June 2023, 8:26 am | Electricity Authority
The electricity industry is better prepared to meet the challenges of managing potential supply issues during winter peaks after the implementation of initiatives and exercises to test processes, says Electricity Authority chair Nicki Crauford. "The Authority ... More >>
Electricity Authority Approves Meridian Clearance Application
Thursday, 8 June 2023, 9:41 am | Electricity Authority
The Electricity Authority has today approved a clearance application relating to a new demand response agreement between Meridian Energy and New Zealand’s Aluminium Smelter (NZAS). Meridian sought clearance from the Authority in relation to a demand ... More >>
Electricity Authority Notes Decision On Code Breaches By Retailer
Wednesday, 7 June 2023, 11:30 am | Electricity Authority
The Electricity Authority has noted a Rulings Panel decision published today which found electricity retailer Ecotricity breached the Electricity Industry Participation Code 2010 (the Code) relating to its failure to provide electricity consumption data. ... More >>
Options Chosen To Better Manage Peak Electricity Demand This Winter
Thursday, 9 March 2023, 9:06 am | Electricity Authority
The Electricity Authority has decided what options it will progress to better manage potential supply issues during periods of peak electricity demand this winter and beyond. Late last year, the Authority released a consultation paper that put forward ... More >>
Sarah Gillies Appointed Chief Executive Of The Electricity Authority
Thursday, 22 December 2022, 12:28 pm | Electricity Authority
Electricity Authority Chair Dr Nicki Crauford is pleased to announce the appointment of Ms Sarah Gillies as Chief Executive of the Electricity Authority, following a robust recruitment process which attracted international and local candidates. Dr ... More >>
Electricity Authority Removes Requirement For Distributors To Make Payments For Avoided Cost Of Transmission
Tuesday, 20 December 2022, 9:57 am | Electricity Authority
The Electricity Authority is removing the requirement for distributors to make avoided cost of transmission (ACOT) payments to certain pre-2017 distributed generators. Ending these payments ultimately means lower consumer power bills. "The current ... More >>
Options To Promote Consumer Interests Through Winter 2023
Friday, 25 November 2022, 9:17 am | Electricity Authority
The Electricity Authority has today released a consultation paper seeking feedback on possible options to promote consumer interests during periods of peak electricity demand next winter. The options being put forward in the Driving efficient solutions ... More >>
Investment Key To Promote Competition In The Wholesale Electricity Market - Authority
Wednesday, 12 October 2022, 8:44 am | Electricity Authority
The Electricity Authority is proposing a number of measures to aid investment in renewable generation and to constrain the exercise of market power to promote competition in the wholesale electricity market. The paper Promoting competition in the wholesale ... More >>
Authority Imposes Interim Restrictions On Very Large Electricity Contracts
Thursday, 18 August 2022, 9:33 am | Electricity Authority
Consumers of electricity will be protected from potentially paying more than they should due to the impact of very large electricity contracts on wholesale prices, under urgent changes announced today by the Electricity Authority. The Authority ... More >>
Electricity Authority Awards Commercial Market-making Contract
Tuesday, 26 July 2022, 3:42 pm | Electricity Authority
The performance of New Zealand’s wholesale electricity futures market will be enhanced by the introduction of a commercial market-making scheme by the Electricity Authority. Bold Trading has been selected by the Authority to provide commercial ... More >>
Electricity Authority Chief Executive To Depart In October
Friday, 15 July 2022, 10:13 am | Electricity Authority
Electricity Authority Chair Dr Nicki Crauford has today announced the departure of James Stevenson-Wallace as Chief Executive of the Electricity Authority. He will leave the Authority in October to join Maanaki Whenua - Landcare Research as its ... More >>
Electricity Authority Decides No Undesirable Trading Situation On 9 August 2021
Tuesday, 28 June 2022, 9:42 am | Electricity Authority
The Electricity Authority (Authority) has today published its decision on the claim that an undesirable trading situation (UTS) occurred during six trading periods (37 to 42) on 9 August 2021. The Authority has decided no UTS occurred on 9 August 2021. ... More >>
Authority's Final Review Maintains Transpower's Errors Led To 9 August Power Cuts
Wednesday, 27 April 2022, 9:58 am | Electricity Authority
The Electricity Authority (Authority) has completed its final review of the 9 August 2021 power cuts which left 34,000 customers without electricity on one of the coldest nights of the year. The Phase 2 review, published today , provides new observations ... More >>
Better Transmission Pricing Supports Low-emissions Future
Tuesday, 12 April 2022, 10:19 am | Electricity Authority
Following the conclusion of a significant structural reform and consultation process, the Electricity Authority has decided to adopt a new Transmission Pricing Methodology (TPM). The TPM determines how the grid owner, Transpower, recovers the $800m annual ... More >>
