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New Zealand Electricity Market
The New Zealand electricity market (NZEM) is a decentralised electricity market regulated by the Electricity Industry Participation Code administered by the Electricity Authority (EA). The authority was established in November 2010 to replace the Electricity Commission. Overview Until 1987, New Zealand had a centrally run system of providers of generation, transmission, distribution, and retailing. Reform has since led to the separation of the monopoly elements from the contestable elements to create competitive markets in energy retailing and generation. Regulation has also been imposed on the natural monopolies of transmission and distribution. Currently the market is split into the following areas: Regulation, administration, generation, market clearing, transmission, distribution, metering and retail. The wholesale market for electricity operates under the Electricity Industry Participation Code (EIPC), and is overseen by the market regulator, the Electricity Authorit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Electricity Market
In a broad sense, an electricity market is a system that facilitates the exchange of electricity-related goods and services. During more than a century of evolution of the electric power industry, the economics of the electricity markets had undergone enormous changes for reasons ranging from the technological advances on supply and demand sides to politics and ideology. A restructuring of electric power industry at the turn of the 21st century involved replacing the vertically integrated and tightly regulated "traditional" electricity market with multiple competitive markets for electricity generation, transmission, distribution, and retailing. The traditional and competitive market approaches loosely correspond to two visions of industry: the deregulation was transforming electricity from a public service (like sewerage) into a tradable good (like crude oil). As of 2020s, the traditional markets are still common in some regions, including large parts of the United Stat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tiwai Point
Tiwai Point lies at the entrance to Bluff Harbour on the southern coast of the South Island of New Zealand. A spit which extends from the western end of the Awarua Plain, it lies between Awarua Bay to the north and Foveaux Strait to the south. It is known for the Tiwai Point Aluminium Smelter, one of the largest industrial facilities in New Zealand. In July 2020 Rio Tinto announced plans to close the aluminium smelter in August 2021. Demographics Tiwai Point is part of the Woodend-Greenhills statistical area. Tiwai Rocks Important Bird Area The rocks at the tip of Tiwai Point have been identified as an Important Bird Area by BirdLife International because they are home to a breeding colony of Foveaux shag The Foveaux shag (''Leucocarbo stewarti''), together with the Otago shag formerly known as the Stewart Island shag and in its dark phase as the bronze shag, is a species of shag endemic to Stewart Island/Rakiura and Foveaux Strait, from which i ...s. Foveaux looper mo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nodal Pricing
In a broad sense, an electricity market is a system that facilitates the exchange of electricity-related goods and services. During more than a century of evolution of the electric power industry, the economics of the electricity markets had undergone enormous changes for reasons ranging from the technological advances on supply and demand sides to politics and ideology. A restructuring of electric power industry at the turn of the 21st century involved replacing the vertically integrated and tightly regulated "traditional" electricity market with multiple competitive markets for electricity generation, transmission, distribution, and retailing. The traditional and competitive market approaches loosely correspond to two visions of industry: the deregulation was transforming electricity from a public service (like sewerage) into a tradable good (like crude oil). As of 2020s, the traditional markets are still common in some regions, including large parts of the United States and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Transmission System Operator
File:Electricity grid simple- North America.svg, 380px, Simplified diagram of AC electricity grid from generation stations to consumers rect 2 243 235 438 Power station rect 276 317 412 556 Transformer rect 412 121 781 400 Electric power transmission rect 800 0 980 165 Transformer desc bottom-left A transmission system operator (TSO) is an entity entrusted with transporting energy in the form of natural gasEuropean Network of Transmission System Operators for Gas ''''. Retrieved: 2 October 2010. or electrical power on a national or regional level, using fixed |
Spot Market
The spot market or cash market is a public financial market in which financial instruments or commodities are traded for immediate delivery. It contrasts with a futures market, in which delivery is due at a later date. In a spot market, settlement normally happens in T+2 working days, i.e., delivery of cash and commodity must be done after two working days of the trade date. A spot market can be through an exchange or over-the-counter (OTC). Spot markets can operate wherever the infrastructure exists to conduct the transaction. Exchange Securities (i.e. financial instruments) and commodities are traded on an exchange using, making, and possibly changing the current market price. OTC In the OTC i.e., over the counter market, trades are based on contracts made directly between two parties, and not subject to the rules of an exchange. The contract terms are agreed between the parties and may be non-standard. The price will probably not be published. Examples Energy spot The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Business, Innovation And Employment
The Ministry of Business, Innovation and Employment (MBIE; mi, HÄ«kina Whakatutuki) is the public service department of New Zealand charged with "delivering policy, services, advice and regulation" which contribute to New Zealand's economic productivity and business growth. History Formed on 1 July 2012, MBIE is a merger of the Department of Building and Housing (DBH), the Department of Labour (DoL), the Ministry of Economic Development (MED), and the Ministry of Science and Innovation (MSI). In October 2018, the newly created Ministry of Housing and Urban Development (HUD) assumed several of MBIE's housing and social policy, funding and regulatory functions including the KiwiBuild programme, the Community Housing Regulatory Authority, and administration of funding for the HomeStart, Welcome Home Loans, the legacy Social Housing Fund and Community Group Housing programmes. On 14 July 2020, the Ministry assumed responsibility for running the New Zealand Government's COVI ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Consumer Affairs (New Zealand)
The Ministry of Business, Innovation and Employment (MBIE; mi, HÄ«kina Whakatutuki) is the public service department of New Zealand charged with "delivering policy, services, advice and regulation" which contribute to New Zealand's economic productivity and business growth. History Formed on 1 July 2012, MBIE is a merger of the Department of Building and Housing (DBH), the Department of Labour (DoL), the Ministry of Economic Development (MED), and the Ministry of Science and Innovation (MSI). In October 2018, the newly created Ministry of Housing and Urban Development (HUD) assumed several of MBIE's housing and social policy, funding and regulatory functions including the KiwiBuild programme, the Community Housing Regulatory Authority, and administration of funding for the HomeStart, Welcome Home Loans, the legacy Social Housing Fund and Community Group Housing programmes. On 14 July 2020, the Ministry assumed responsibility for running the New Zealand Government's COVI ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consumer NZ
Consumer NZ, previously known as Consumers' Institute of New Zealand, is an organization that covers a wide range of activities relating to consumer protection and information. Its work includes comparative tests and surveys of consumer goods and services, research into and advice on financial, food, health, safety, welfare and environmental matters, representation at parliamentary committees and public enquiries and interest in consumer education and complaints advisory work. History The Consumers’ Council was established in 1959 ‘to protect and promote the interest of consumers of goods and services’. In 1963 the name Consumers Institute was adopted and in 1967 it became a separate government-funded entity. In 1986 the Ministry of Consumer Affairs was established and the Consumers Institute lost its special legal protection and government funding. The Consumers Institute became an incorporated society funded by members’ subscriptions in 1989 and in 2007 the Consumersâ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
TrustPower
Manawa Energy Limited, formerly Trustpower, is a New Zealand electricity generation company that offers bespoke electricity products to commercial and industrial customers across New Zealand. Manawa Energy has 26 hydro-electricity schemes, with a total of 47 power stations and is New Zealand's fifth largest electricity generator (in MW capacity, GWh output and revenue). The company is listed on the New Zealand stock exchange, but its ownership structure is dominated by its two major shareholders: Infratil which owns 51.0% and the Tauranga Energy Consumer Trust (TECT) which owns 26.8%. The remaining 22.2% is widely held. The company changed its name to Manawa Energy following the 2022 sale of its mass market retail business, retail customer base and the Trustpower brand to Mercury Energy. History Tauranga city In 1913, the Tauranga Borough Council applied to the Department of Lands to have the Omanawa Falls vested in their body corporate for the purposes of water power generat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Meridian Energy
Meridian Energy Limited is a New Zealand electricity generator and retailer. The company generates the largest proportion of New Zealand's electricity, generating 35 percent of the country's electricity in the year ending December 2014, and is the fourth largest retailer, with 14 percent of market share in terms of customers as of December 2015. Meridian was one of three electricity companies formed from the break-up of the Electricity Corporation of New Zealand (ECNZ) in 1998–99, taking over the Waitaki River and the Manapouri hydro schemes. Originally a state-owned enterprise wholly owned by the New Zealand Government, the company was partially privatised in October 2013 by the Fifth National Government, with the government retaining a 51.02% shareholding. Today, Meridian operates seven hydroelectric power stations and one wind farm in the South Island of New Zealand, four wind farms in the North Island, and two wind farms in southern Australia – one in South Australia a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mercury Energy
Mercury NZ Limited is a New Zealand electricity generation and multi-product utility retailer of electricity, gas, broadband and mobile telephone services. All the company's electricity generation is renewable. In August 2021, Mercury acquired five operating wind farms and several wind farm development options from Tilt Renewables. At the same time, the first power from the newly built wind farm at Turitea was generated – adding to the existing portfolio of nine hydro stations on the Waikato River and five geothermal plants located in the central North Island. In the year ended June 2021, Mercury had generated 3,611GWh of electricity through hydro generation and 2,594GWh through geothermal generation. In May 2022, Mercury acquired the retail business of Trustpower, including the retail customer base and Trustpower brand. The generation business of Trustpower changed its name to Manawa Energy Limited. In June 2022, Mercury launched fibre broadband as a retail product to be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
