Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

MSC Investigation Continues

26 June 2001

MSC Investigation Continues

The Market Surveillance Committee (MSC), an elected body of independent members, is charged with the surveillance and compliance of the New Zealand electricity market (NZEM). The Market Surveillance Committee's major task is to ensure compliance with the NZEM Rules.

Following a request from an NZEM market participant the MSC is conducting an inquiry into elements of the wholesale market, in particular: * The market's management of prudential risks in the context of the current level of prices; and * NZEM pricing issues that have been raised.

The MSC is investigating with a view to determining whether or not there is an undesirable situation (under the rules of the market) in NZEM. The investigation continues and the MSC will not comment while it is in progress. An announcement will be made to the market and then to the media once the investigation is complete.

M-co, The Marketplace Company Limited, is the market administrator for the New Zealand wholesale electricity market (NZEM). As the executive for the independent Market Surveillance Committee, M-co is unable to comment on either the content of the investigation or its timeline.

-ends-

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

"Broad-Based Growth": GDP Rises 1 Percent In June Quarter

Gross domestic product (GDP) rose 1.0 percent in the June 2018 quarter, up from 0.5 percent last quarter, Stats NZ said today. This is the largest quarterly rise in two years. More>>

ALSO:

Judicial Review: China Steel Tarrif Rethink Ordered

On 5 July 2017 the Minister determined not to impose duties on Chinese galvanised steel coil imports. NZ Steel applied for judicial review of the Minister’s decision. More>>

Debt: NZ Banks Accelerate Lending In June Quarter

New Zealand's nine major lenders boosted lending at the fastest quarterly pace in almost two years as fears over bad debts subsided. More>>

ALSO:

Balance Of Trade: Annual Current Account Deficit Widens To $9.5 Billion

New Zealand’s current account deficit for the year ended June 2018 widened to $9.5 billion, 3.3 percent of GDP, Stats NZ said today. More>>

ALSO: