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.
Related News
Code changes support potential FTR market development
The Electricity Authority Te Mana Hiko is amending the Electricity Industry Participation Code 2010 so that all loss and constraint excess is available to sett…
Feedback sought on improving incentives for long-duration firming
More renewable generation is helping to reduce the risk of electricity shortages when hydro lake levels are low. But we still need to ensure there is enough re…
Authority changes rules to boost battery flexibility
The Electricity Authority Te Mana Hiko is amending the Electricity Industry Participation Code to remove barriers to battery energy storage systems playing a b…
Subscribe to Market Brief
Get the latest news, updates and market insights from the Electricity Authority direct to your inbox.