General news
Decision on settlement residue funding
- Transmission
- Prices
In May 2023, we consulted on proposed changes to the Electricity Industry Participation Code 2010 (Code) to enable Transpower to recover its costs of administering the settlement residual allocation methodology (SRAM). We would like to thank all those who made a submission. View submissions.
Following consultation and analysis, we have decided to amend the Code and benchmark agreement (effective 1 October 2023) to include default terms which enable Transpower to recover its SRAM administration costs. The amendments deem these default terms and conditions to be included in all current transmission agreements (including certain earlier agreements that are not based on the benchmark agreement).
We have also decided to update the benchmark agreement to reflect both the new transmission pricing methodology, recent law changes, and to include the benchmark agreement as its own schedule in the Code. It will be renamed the default transmission agreement template.
Find out more:
Related News
Market options were available to large energy users in winter 2024
Business closures prompted the Electricity Authority to investigate the options available – we found that hedges available tended to be lower than the overlapp…
Trends in available residential pricing plans
A new report on the trend in available residential pricing plans, or tariffs, over time is available on the Electricity Market Information website.
Northland tower collapse report released
Minister for Energy Simeon Brown today released the Electricity Authority’s report into the collapse of a Northland transmission tower on 20 June 2024 that lef…