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Electricity Authority - Latest News [Page 3]
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 >>
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 >>
