Select Page

Market Monitoring Review of Structure, Conduct and Performance in the Wholesale Electricity Market

Last updated: December 22, 2021

Back to all reports

Energy

Market Monitoring Review of Structure, Conduct and Performance in the Wholesale Electricity Market

Emily Calvert

Published: December 22, 2021

Submitting To: Electricity Authority

Issue for Business: Reviews electricity spot prices (from January 2019 up to and including the first two quarters of 2021) to assess whether electricity spot prices were determined in a competitive environment. Undertaken in response to sustained high spot prices since the Pohokura outage, asking if spot prices reflect underlying supply and demand fundamentals. We note the data do not provide any conclusive evidence to suggest there are competitive issues to be addressed. We urge the Authority to be cautious about the conclusions it draws from this analysis and proposing any changes where there is a lack of evidence.

Link to document [PDF]

Tags: Electricity

0 Comments

Submit a Comment

Reports in Energy

Measures for transition to an expanded and highly renewable electricity system discussion document

November 2, 2023 | Energy
Submitting to: Ministry of Business, Innovation and Employment (MBIE)Author: Levi GibbsDate: 2023-11-02Category: EnergyIssue for Business: MBIE has released a paper outlining possible measures, including financial support mechanisms, regulatory changes and new ...

Implementing a ban on new fossil-fuel baseload electricity generation discussion document

November 2, 2023 | Energy
Submitting to: Ministry of Business, Innovation and Employment (MBIE)Author: Levi GibbsDate: 2023-11-02Category: EnergyIssue for Business: This consultation document discusses a proposed ban on new thermal baseload electricity generation. We oppose this proposal due to ...

Interim Hydrogen Roadmap

November 2, 2023 | Energy
Submitting to: Ministry of Business, Innovation and Employment (MBIE)Author: Levi GibbsDate: 2023-11-02Category: EnergyIssue for Business: This paper is an interim roadmap before the release of a final roadmap. The paper outlines several opportunities for the use of ...
No results found.