INDEPENDENT NEWS

MSC To Announce Inquiry Results On Tuesday

Published: Thu 12 Jul 2001 11:18 AM
Media Statement from the NZEM Market Surveillance Committee
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 has been held up in the production of its report on the inquiry but expects to have it completed and released on Tuesday 17 July.
Until this time neither the MSC, nor M-co - its executive under NZEM - will comment on this matter.
-ends-

Next in Business, Science, and Tech

Retail Card Spending Down 0.2 Percent In July
By: Statistics New Zealand
Auckland Rental Prices Inch Up Again, But Upward Trend Could Ease In Coming Months
By: Barfoot and Thompson
Draft Report Says Regulatory System Favours Established Building Products
By: Commerce Commission
Commerce Commission Issues Draft Determination On News Publishers’ Association’s Collective Bargaining Application
By: Commerce Commission
Retirees Facing Pressure From Higher Cost Of Living And Increasing Debt In Retirement
By: Heartland Bank
APEC Region’s Growth To Slow Amid Uncertainties And Crises
By: APEC
View as: DESKTOP | MOBILE © Scoop Media