Electricity Authority Te Mana Hiko

Do you have questions about the Energy Competition Task Force?   Join our market participants Q&A forum to have your questions answered. The sessions are split as follows:   4.00-4.30pm Package 1: Enabling new generators and independent retailers to enter, and better compete in the market 4.30-5.00pm Package 2: Providing more options for end-users of electricity   Register today! Q&A on Tuesday 5 November 4-5pm: https://lnkd.in/gEVXh5qd   Q&A on Wednesday 20 November 4-5pm: https://lnkd.in/gi-ezjsz

As NZ’s economy electrifies, more and new businesses are wanting to connect to the network. Today we released two consultation papers with proposals that aim to make the process to connect easier and faster, and with more efficient pricing. Getting the right rules in place will help lay the foundation to support more businesses and infrastructure to get connected, at an efficient price. Find out more: https://lnkd.in/gSj2GxXy #networkconnections #consultation #haveyoursay

In the last quarter, we've made significant progress on laying the foundations to establish the electricity market for the future: Market 2.0. We've enhanced information and transparency around price signals and improved access to risk management tools. This work will enable homes, businesses and industrials to have more choices to manage their own electricity use and put downward pressure on prices. You can learn more on our website: https://lnkd.in/g3SfXqK6 #energyfuture #wholesalemarket #keepingthelightson 

Winter 2024 highlighted the risks of hedging after market stress is revealed. In this article we discuss this using data for offers made to energy purchasers that could have been used to hedge load in 2024, including offers from 2020 to August 2024: https://lnkd.in/eqgpF9zt #electricityindustry #regulation #eyeonelectricity

We’re improving regulations and processes for when a retailer seeks to operate on a distributor’s network. We've decided to amend regulations to improve the Default Distributor Agreement template, consumption data template and related clauses in the Electricity Industry Participation Code (effective 25 November 2024). These changes will benefit consumers through improved quality and reliability of electricity supply, more effective use of data for network management and lower costs through a more competitive, efficient industry. You can read more about this decision on our website: https://lnkd.in/gRNysNkz

The Energy Competition Task Force is requesting early input from stakeholders to help ensure that its level playing field measures work is comprehensive. We are specifically seeking stakeholder input on: - what level playing field measures we should be considering; - practical examples of level playing field measures being implemented, preferably in comparable overseas electricity markets; and - existing published work on level playing measures that stakeholders consider would usefully inform the Authority’s work. We invite interested parties to provide input by 5pm on Tuesday 5 November 2024. You can learn more on our website: https://lnkd.in/gVC-FypT

Great to see EECA (Energy Efficiency and Conservation Authority) highlighting the savings on offer if we're smarter about electricity use: https://lnkd.in/gfyjuNKn Choosing to use electricity at off-peak times can help reduce your power bill - if you’re on a plan that rewards you for this. While these plans are increasingly available, the Energy Competition Task Force is considering making it a requirement for retailers above a certain size to offer ‘time-of-use pricing’ to their customers. Incentivising off-peak energy consumption can help reduce demand peaks, which can help drive lower prices for consumers. The Electricity Authority and Commerce Commission jointly established the Energy Competition Task Force to investigate ways to improve the performance of the electricity market: https://lnkd.in/g5QUdFT6 #energyfuture #electricityindustry #regulation

We're seeking feedback on proposed amendments to the Electricity Industry Participation Code to improve outage coordination. We want to strengthen outage coordination obligations and minimise the risk of disruption to consumers’ electricity supply. Have your say! Submissions are welcome by Friday 8 November 2024: https://lnkd.in/g93YU6Jj

Are you a new participant in the electricity industry? Would you like to get practical insights into how the industry works? Join our 2-day course in Auckland in November. We’ll be covering fundamental concepts and principles on industry processes, operational practice and regulation with the Registry Manager. We'll discuss and analyse specific industry scenarios so you can learn from real-world examples. Find out more and secure your place today: https://lnkd.in/gH_uNRyY #industrytraining #electricityindustry #regulation

The Energy Competition Task Force is working at speed to identify options to enable new generators and independent retailers to enter, and better compete in the market, and to provide more options for electricity consumers. You can now find a calendar of our work programme on our website that includes consultation and decision timeframes: https://lnkd.in/g5QUdFT6 Subscribe to our Market Brief newsletter for updates on opportunities to engage with the Task Force programme: https://lnkd.in/gHSyavVb Commerce Commission #energycompetition #energyfuture