NZQA registered unit standard
15574 version 5
Page 1 of 4
Title
Demonstrate knowledge of the New Zealand electricity market
operation and regulation
Level
5
Credits
16
Purpose
People credited with this unit standard are able to demonstrate
knowledge of: New Zealand electricity markets and their
operational structure; the operation of electricity markets in
New Zealand; and the Electricity Industry Participation Code
(EIPC) and the Electricity Industry (Enforcement) Regulations
2010.
Classification
Electricity Supply > Electricity Supply - Power System
Management
Available grade
Achieved
Explanatory notes
1
This unit standard is intended for, but not restricted to, workplace assessment. The
range statements across the unit standard can be applied according to enterprise
specific equipment, procedures, and processes.
2
Safety of personnel and plant must be a priority throughout the assessment. If the
safety requirements are not met the assessment must stop.
3
Performance and work practices in relation to the outcomes and evidence
requirements must comply with all current legislation, especially the Electricity Act
1992, and any regulations and codes of practice recognised under that statute; the
Health and Safety in Employment Act 1992; and the Resource Management Act
1991. Electricity supply industry codes of practice and documented industry
procedures include the current version of the Safety Manual – Electricity Industry
(SM-EI) (Wellington: Electricity Engineers’ Association). A full list of current
legislation and industry codes is available from the Electricity Supply Industry
Training Organisation, PO Box 1245, Hamilton 3240.
4
The phrase in accordance with industry requirements is implicit in all evidence
requirements in this unit standard.
5
Industry requirements include all asset owner requirements; manufacturers’
specifications; and enterprise requirements which cover the documented workplace
policies, procedures, specifications, business and quality management requirements
relevant to the workplace in which assessment is carried out.
6
Practical exercises should be used for training and assessment where possible.
Electricity Supply Industry Training Organisation
SSB Code 101813
 New Zealand Qualifications Authority 2016
NZQA registered unit standard
15574 version 5
Page 2 of 4
7
The Electricity Industry Participation Code (EIPC) governs the electricity industry
markets in New Zealand, and is available at: http://www.ea.govt.nz.
8
Reference is made to the following Acts in this unit standard:
Commerce Act 1986;
Fair Trading Act 1986.
Outcomes and evidence requirements
Outcome 1
Demonstrate knowledge of New Zealand electricity markets and their operational
structure.
Range
may include but is not limited to – generation, transmission, distribution, retail.
Evidence requirements
1.1
The purpose of electricity markets in New Zealand is described in terms of its
history, its fundamental principles, and its legislation.
1.2
The principle objectives and key roles of the Electricity Authority are described.
Range
1.3
The structure of electricity markets in New Zealand is described.
Range
1.4
may include but is not limited to – security of supply, transmission
grid investment, hedge market arrangements, The Rulings Panel,
advisory groups.
may include but is not limited to – generator, purchaser, Electricity
Authority, service providers, distributors, ancillary services agents.
Legislation applying to electricity markets in New Zealand is identified, and
knowledge of legislation is demonstrated.
Range
includes but is not limited to – Electricity Industry Act 2010,
Electricity Industry Participation Code 2010, Electricity Industry
(Enforcement) Regulations 2010, Commerce Act 1986, Fair
Trading Act 1986.
Outcome 2
Demonstrate knowledge of the operation of electricity markets in New Zealand.
Evidence requirements
2.1
The process of producing and submitting a bid into the New Zealand wholesale
electricity market is described.
Electricity Supply Industry Training Organisation
SSB Code 101813
 New Zealand Qualifications Authority 2016
NZQA registered unit standard
Range
2.2
may include but is not limited to – market administrator, system
operator, reconciliation manager, information system provider,
clearing manager, pricing manager.
The concepts of pricing in the New Zealand electricity markets are described.
Range
2.6
may include but is not limited to – market administrator, market
governance, engagement of service providers.
The roles of service providers in the New Zealand electricity markets are
described.
Range
2.5
may include but is not limited to – forecasts, constraints, outages,
policies, energy and reserve quantities, prices, tranches,
contracts, ramp rates, two hour rule, bona fides, embedded
generation, intermittent generation, co-generation.
The role of the Electricity Authority in the New Zealand electricity markets is
described.
Range
2.4
may include but is not limited to – forecasts, constraints, outages,
policies, energy and reserve quantities, prices, tranches,
contracts, two hour rule, bona fide.
The process of producing and submitting an offer for the New Zealand
wholesale electricity market is described.
Range
2.3
15574 version 5
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may include but is not limited to – nodal, tranche, spot, provisional,
forecast, clearing, dispatch, final, location factor, losses,
constraints, bids, offers, aggregation.
The types and effects of contracts and agreements in the New Zealand
electricity markets are described.
Range
may include but is not limited to – hedges, company policies,
service contracts, fuel contracts, futures, retail, fixed price variable
volume, load shedding.
Outcome 3
Demonstrate knowledge of the Electricity Industry Participation Code (EIPC) and the
Electricity Industry (Enforcement) Regulations 2010.
Evidence requirements
3.1
The industry specific rules concerning common quality are described in
accordance with the EIPC Part 8.
3.2
The industry specific rules concerning trading, dispatch, and settling of
wholesale prices and reconciliation are described in accordance with the EIPC
Part 13.
Electricity Supply Industry Training Organisation
SSB Code 101813
 New Zealand Qualifications Authority 2016
NZQA registered unit standard
15574 version 5
Page 4 of 4
3.3
The industry specific rules concerning settlement of sale and purchase of
electricity and ancillary services are described in accordance with the EIPC Part
14.
3.4
The industry specific rules concerning compliance and breach reporting are
described in accordance with the Electricity Industry (Enforcement) Regulations
2010 Part 1.
Planned review date
31 December 2016
Status information and last date for assessment for superseded versions
Process
Version Date
Last Date for Assessment
Registration
1
20 December 1998
N/A
Review
2
20 September 2002
N/A
Revision
3
11 February 2004
N/A
Review
4
23 April 2008
N/A
Rollover and
Revision
5
15 November 2012
N/A
Consent and Moderation Requirements (CMR) reference
0120
This CMR can be accessed at http://www.nzqa.govt.nz/framework/search/index.do.
Please note
Providers must be granted consent to assess against standards (accredited) by NZQA,
before they can report credits from assessment against unit standards or deliver courses
of study leading to that assessment.
Industry Training Organisations must be granted consent to assess against standards by
NZQA before they can register credits from assessment against unit standards.
Providers and Industry Training Organisations, which have been granted consent and
which are assessing against unit standards must engage with the moderation system that
applies to those standards.
Requirements for consent to assess and an outline of the moderation system that applies
to this standard are outlined in the Consent and Moderation Requirements (CMR). The
CMR also includes useful information about special requirements for organisations wishing
to develop education and training programmes, such as minimum qualifications for tutors
and assessors, and special resource requirements.
Comments on this unit standard
Please contact the Electricity Supply Industry Training Organisation info@esito.org.nz if
you wish to suggest changes to the content of this unit standard.
Electricity Supply Industry Training Organisation
SSB Code 101813
 New Zealand Qualifications Authority 2016