Managing locational price risk: options [Closing date: 2009/12/07 17:00:00 GMT+13]

Published 9 October 2009

Options for better management of locational price risk are being examined and an initial preferred option has been identified.

A preference for a hybrid of a locational rental allocation (LRA) and financial transmission rights (FTRs) is now being consulted on.

• Consultation Paper pdf [838 KB] (updated 25 November 2009)
  
• Appendix 2: EGR Consulting Report - Locational Hedging Options for New Zealand pdf [777 KB] (updated 25 November 2009)
  
• Appendix 3: Transpower Report - Financial Transmission Rights: Design Options pdf [399 KB]

Updated versions of the Consultation Paper and Appendix 2: EGR Consulting Report (changes made shown in track changes) were added to the Commission’s website on 25 November 2009.  These updates address technical issues in relation to treatment of the HVDC in some options.

Submissions on the proposal are invited by 5pm on 7 December 2009.

The preference is to receive submissions in electronic format (Microsoft Word).  The electronic version should be emailed with "Consultation - Managing locational price risk: options" in the subject header to submissions@electricitycommission.govt.nz. If submitters do not wish to send their submission electronically, they should post it in hard copy form to:

Kate Hudson
Electricity Commission
Level 7, ASB Bank Tower
2 Hunter Street
P O Box 10041
WELLINGTON

All submissions will be acknowledged electronically.  Please contact Kate Hudson if you do not receive electronic acknowledgement of your submission within two business days of sending it.

Your submission is likely to be made available to the general public on the website.  Submitters should indicate any documents attached, in support of the submission, in a covering letter and clearly indicate any information that is provided to the Commission on a confidential basis.  All information provided is subject to the Official Information Act 1982.