Abstract
The New Zealand electricity sector has been undergoing an evolutionary reform process since 1987 [1]. In that year the central governments’ generation assets were established on a commercial footing as the Electricity Corporation of New Zealand Ltd. (ECNZ) with a national transmission grid company, Trans Power New Zealand Ltd, as a subsidiary. In 1994, Trans Power was completely separated from ECNZ, and both are now operating as independent State Owned Enterprises, on a commercial footing and theoretically independent of political intervention. Local distribution and supply had previously been handled by a relatively large number of local government bodies which have now been corporatised, with varying degrees of privatisation. The sector is now deregulated, so that competitive supply is now, theoretically, available to all consumers1. Entry to the market, both for generators and bulk electricity buyers, has been freed, with the breakup of ECNZ under consideration and a number of new, privately owned, generation facilities already proposed.
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© 1996 Kluwer Academic Publishers
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Ring, B.J., Read, E.G. (1996). A Dispatch Based Pricing Model for the New Zealand Electricity Market. In: Einhorn, M., Siddiqi, R. (eds) Electricity Transmission Pricing and Technology. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-1804-7_8
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DOI: https://doi.org/10.1007/978-94-009-1804-7_8
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