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Electricity Authority - Latest News [Page 3]
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 >>
Renewables Revolution For Wholesale Electricity Market
Wednesday, 2 February 2022, 11:14 am | Electricity Authority
Increasing renewable generation, such as wind and solar, and reducing our reliance on fossil-fuelled generation may mean changes to how New Zealand’s electricity market operates. The evolution of the wholesale market is a critical project on the ... More >>
Authority Releases Preliminary Decision On 9 August Undesirable Trading Situation Claim
Thursday, 16 December 2021, 9:42 am | Electricity Authority
The Authority has today published its preliminary decision on the claim that an undesirable trading situation (UTS) occurred on 9 August 2021. The Authority considers no UTS occurred on 9 August 2021. The preliminary decision follows the Authority’s ... More >>
Powering The Future
Tuesday, 16 November 2021, 10:02 am | Electricity Authority
How will new technology help us to keep the lights on when the wind isn’t blowing and the sun isn’t shining? How do we secure our power supply from future threat of cyber-attacks? How will the huge increase in electric vehicles and smart devices ... More >>
Electricity Authority’s Review Of Competition In The Wholesale Electricity Market Raises Questions
Wednesday, 27 October 2021, 9:06 am | Electricity Authority
In March 2021 the Electricity Authority announced it would conduct a review into competition in the wholesale electricity market. The period of the review covers the sustained elevated electricity prices since an unplanned outage at the Pohokura ... More >>
Transmission Pricing Methodology Ready For Consultation
Friday, 8 October 2021, 9:26 am | Electricity Authority
The Electricity Authority has started consulting on a proposed new Transmission Pricing Methodology (TPM). The consultation period will run from 8 October for eight weeks, with events being held around the country to ensure the Authority can continue ... More >>
Authority publishes initial review into 9 August outages
Friday, 10 September 2021, 8:54 am | Electricity Authority
The Electricity Authority (Authority) has completed phase one of its review of the 9 August 2021 electricity cuts under section 16(1)(g) of the Electricity Industry Act 2010. The Authority’s report, published today , has found shortcomings in the ... More >>
Authority decides to reset prices to correct 2019 UTS
Tuesday, 17 August 2021, 8:17 am | Electricity Authority
The Authority has decided to reset spot electricity prices to correct the 2019 undesirable trading situation (UTS). This means wholesale spot electricity prices from 3 to 27 December 2019 will be revised, affecting all participants in the market. The estimated ... More >>
Electricity Authority Orders Review Under The Electricity Industry Act 2010
Friday, 13 August 2021, 12:00 pm | Electricity Authority
The Electricity Authority has ordered a review of the 9 August 2021 electricity cuts, while working with industry over the past few days to secure more information about the event and the impact on consumers. "The Authority is using its powers ... More >>
Media Statement From The Electricity Authority
Tuesday, 10 August 2021, 7:32 pm | Electricity Authority
The Electricity Authority is disappointed some consumers were left without electricity last night and as the industry regulator, we are concerned about the system response. Transpower as the electricity system operator is responsible for managing supply ... More >>
Authority Project To Explore Long-term Resilience And Security Of Electricity Supply
Tuesday, 10 August 2021, 10:01 am | Electricity Authority
The Electricity Authority has launched a project looking at how to ensure the electricity system remains secure and resilient as it evolves over the coming decades. This work supports New Zealand’s commitment to achieving net zero emissions by 2050, and ... More >>
New Trading Conduct Rule Clarifies Expected Behaviours In The Wholesale Electricity Market
Tuesday, 1 June 2021, 9:22 am | Electricity Authority
The Electricity Authority has decided on a new trading conduct rule. Trading conduct rules are designed to ensure appropriate behaviour in the wholesale electricity market. At times, New Zealand’s system relies heavily on one or a small number of suppliers ... More >>
Authority Completes Investigations On Alleged Breaches Of Trading Conduct Rules
Thursday, 22 April 2021, 9:17 am | Electricity Authority
The Authority has completed its investigation into Meridian and Contact’s alleged breaches of the high standard of trading conduct provisions of the Electricity Industry Participation Code from November 2019 to January 2020. The investigation concluded ... More >>
Putting Consumers First: A Collaborative Approach To Consumer Care
Tuesday, 30 March 2021, 9:27 am | Electricity Authority
The Electricity Authority has released guidelines encouraging electricity retailers to proactively enhance the standard of care provided to all domestic consumers. The consumer care guidelines will replace the existing guidelines on arrangements for ... More >>
Authority Proposes Actions To Correct 2019 UTS
Thursday, 11 March 2021, 7:39 am | Electricity Authority
The Authority today released a consultation paper on the proposed actions to correct the 2019 undesirable trading situation (UTS). In December 2020 the Authority’s Board concluded there was a UTS between 3 and 27 December 2019. The decision followed ... More >>
