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What NZ's FTRs will look like and how they may develop
That Bill Hogan is a Professor of Energy Policy at Harvard University and director of the enormously influential Harvard Electricity Policy Group is impressive. Locally, however, he has particular status as the guiding mind behind the design of New Zealand's wholesale electricity market.
One of Hogan's key recommendations in the establishment of the wholesale market was that Financial Transmission Rights ("FTRs") be created alongside it. This wasn't part of the original implementation but, 16 years later, the Electricity Authority has appointed an FTR manager with the responsibility of running our first FTR auction in May 2013.
Professor Hogan hasn't worked in New Zealand since the early 2000s but was interested and pleased to hear of this new development. He kindly agreed to talk to the podcast about FTRs and why they're so important.
Last week, Conrad Edwards, who's the senior development analyst at the NZ FTR Manager, talked us though some of the twists and turns we've taken since committing to implement FTRs in 1995. This week, Conrad outlines the Electricity Authority's recent work to bring them to market, key characteristics of the product that will be auctioned in May 2013 and offers some thoughts on how they may evolve.
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By John HancockThat Bill Hogan is a Professor of Energy Policy at Harvard University and director of the enormously influential Harvard Electricity Policy Group is impressive. Locally, however, he has particular status as the guiding mind behind the design of New Zealand's wholesale electricity market.
One of Hogan's key recommendations in the establishment of the wholesale market was that Financial Transmission Rights ("FTRs") be created alongside it. This wasn't part of the original implementation but, 16 years later, the Electricity Authority has appointed an FTR manager with the responsibility of running our first FTR auction in May 2013.
Professor Hogan hasn't worked in New Zealand since the early 2000s but was interested and pleased to hear of this new development. He kindly agreed to talk to the podcast about FTRs and why they're so important.
Last week, Conrad Edwards, who's the senior development analyst at the NZ FTR Manager, talked us though some of the twists and turns we've taken since committing to implement FTRs in 1995. This week, Conrad outlines the Electricity Authority's recent work to bring them to market, key characteristics of the product that will be auctioned in May 2013 and offers some thoughts on how they may evolve.