Consultations and Submissions

Variation to Financial Transmission Rights (FTR) Methodology: Daily Settlement Prices

The clearing manager is seeking feedback on proposed changes to the methodology for determining FTR DSPs for option products. The proposed change will replace the current urgent variation. The proposed methodology will continue to use the methodology of the urgent variation until the new methodology is implemented on 1 December 2016. 

Submissions are due to NZX by 5pm on 5 May 2016. After consideration of submissions, NZX will submit finalised methodology to the Authority for approval. 

Consultation paper

EXTENDED RESERVE SELECTION METHODOLOGY AND DATA SPECIFICATION PUBLISHED

NZX has been notified by the Electricity Authority that the Extended Reserve Selection Methodology and the Data Specification have both been approved.

The Extended Reserve Manager has initiated an extended reserve selection process in accordance with 8.54J and 8.54K of the Electricity Industry Participation Code 2010. This requires the Extended Reserve Manager to publish an indicative timeframe within which Extended Reserve Manager expects to complete the selection process.

Further information on the extended reserve selection process are available here
For more information on the extended reserve manager consulations and submissions click here.

Revisions To General Prudential Requirement Methodology

The clearing manager is seeking feedback on proposed changes to the methodology for determining general prudential requirements. The proposed changes are required to align the methodology with the Electricity Industry Participation Code Amendment (Industrial Co-generation Dispatch Arrangements).

Submissions are due to NZX by 5pm on 27 March 2015. After consideration of submissions, NZX will submit finalised methodologies to the Authority for approval.

Consultation paper

Settlement and Prudential Security (SPS) Review

Under the Electricity Industry Participation (Settlement and Prudential Security) Code Amendment 2013, the clearing manager is required to develop and consult on three new prudential methodologies used to calculate amounts for prudential security and for the settlement retention amount.

The Electricity Authority has approved these methodologies in principle. The clearing manager will apply the methodologies from 24 March 2015. You can access the approved methodologies on this page.

Draft settlement and prudential security methodologies
Consultation paper March 2014

Submissions
Summary of submissions
Contact  Flick  Major Electricity Users' Group  Meridian    
Nova Energy  Pioneer Generation  Pulse Energy  Simply Energy  Trustpower

Clearing manager's workshop on SPS methodologies
Workshop agenda
Project overview
Consultation presentation

For more information about the project click here.

Previous Consultations

Clearing manager FTR prudential security assessment methodology - February 2014
review and consultation paper additional information submission summary Contact Energy Mighty River Power EMH Trade Genesis Energy Meridian Energy

Variation to FTR Daily Settlement Price Methodology - July 2013
consultation paper summary of submission recommendation to the Electricity Authority Board (Sept 2013)

Variation to FTR Prudential Security Assessment Methodology - June 2013
consultation document

Financial Transmission Rights Initial Margin Consultation - October/November 2012
consultation document submission summary Contact Genesis Meridian Mighty River Power Trustpower 

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