General news
UTS cross-submissions published
- Wholesale
- Prices
Submissions and cross-submissions on the Electricity Authority's preliminary decision on whether an undesirable trading situation occurred following 16 February 2024 have now been published on our website.
Following an investigation into the possible undesirable trading situation, our preliminary decision was that prices for trading periods 38 and 39 being artificially depressed by demand management, combined with the absence of scarcity pricing in trading periods 39 – 42, threatens, or may threaten, confidence in the wholesale market. We received six submissions from eight parties, and three cross-submissions.
We would like to thank all submitters who provided input on our preliminary decision.
We are considering all the feedback and intend to publish a final decision in September 2024.
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