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

Fuel Industry Amendment Bill

January 23, 2023 | Energy
Submitting to: The Economic Development, Science and Innovation Select CommitteeAuthor: Levi GibbsDate: 2023-01-23Category: EnergyIssue for Business: The Bill is amended in two consequential ways. First, it gives the Commerce Commission the power to investigate competition ...

Sustainable Biofuel Obligation Bill

January 11, 2023 | Energy
Submitting to: Environment Select CommitteeAuthor: Levi GibbsDate: 2023-01-11Category: EnergyIssue for Business: The Sustainable Biofuel Obligation proposed that fuel suppliers had to reduce their emissions by at least 1.2% in 2023, and increase their reductions out to ...

Promoting competition in the wholesale electricity market in the transition toward 100% renewable electricity

December 14, 2022 | Energy
Submitting to: Electricity AuthorityAuthor: Levi GibbsDate: 2022-12-14Category: EnergyIssue for Business: The Electricity Authority (EA) decided to investigate competition in New Zealand's wholesale electricity market after sustained high prices since 2018. The EA launched ...