18200 version 3
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Demonstrate knowledge of the New Zealand Wholesale Electricity
Market
Level
4
Credits
8
Purpose
People credited with this unit standard are able to demonstrate knowledge of:
the guiding principles and purpose of the rules of the Wholesale Electricity
Market; the operation of the Wholesale Electricity Market; and Electricity
Governance Rules.
Subfield
Electricity Supply
Domain
Electricity Supply - Core Skills
Status
Registered
Status date
26 September 2001
Date version published
27 October 2006
Planned review date
31 December 2010
Entry information
Open.
Accreditation
Evaluation of documentation and visit by NZQA and
industry.
Standard setting body (SSB)
Electricity Supply Industry Training Organisation
Accreditation and Moderation Action Plan (AMAP) reference
0120
This AMAP can be accessed at http://www.nzqa.govt.nz/framework/search/index.do.
Special 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 industry
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 and the candidate will be
assessed as not yet competent.
 New Zealand Qualifications Authority 2016
18200 version 3
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3
Performance and work practices in relation to the elements and performance criteria
must comply with all current legislation, especially the Commerce Act 1986;
Electricity Act 1992, and any regulations and codes of practice recognised under that
statute; Fair Trading Act 1986; Health and Safety in Employment Act 1992; Resource
Management Act 1991; and their subsequent amendments. Electricity supply
industry codes of practice and documented industry procedures include the Safety
Manual – Electricity Industry (SM-EI) (2004) 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.
4
Industry requirements include all industry and workplace documented policies,
procedures, specifications, business and quality management requirements relevant
to the workplace in which assessment is carried out.
5
The term Electricity Governance Rules refers to the multilateral contract governing
the actions and responsibilities of Wholesale Electricity Market Participants and
Service Providers. The rules are available at
http://www.electricitycommission.govt.nz.
Elements and performance criteria
Element 1
Demonstrate knowledge of the guiding principles and purpose of the rules of the
Wholesale Electricity Market.
Performance criteria
1.1
Aspects of the market that foster efficiency and competitiveness are explained
and related to industry requirements.
Range
includes but is not limited to – voluntary membership, dispatch
objective, sustainable development, supply and demand, risk
management.
1.2
The principle that enables the entry of new buyers and sellers to the Wholesale
Electricity Market is described in terms of industry requirements.
1.3
Legislation relevant to the Wholesale Electricity Market and compliance required
of electricity market participants is described in terms of industry requirements.
Range
1.4
includes but is not limited to – Commerce Act 1986, Electricity Act
1992, Fair Trading Act 1986, Resource Management Act 1991
The Electricity Commission’s process for rule making and industry compliance
is described in terms of industry requirements.
Range
includes but is not limited to – Electricity Commission Board,
Rulings Panel, Electricity Governance Rules Committee, Market
Governance Team.
 New Zealand Qualifications Authority 2016
18200 version 3
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Element 2
Demonstrate knowledge of the operation of the Wholesale Electricity Market.
Performance criteria
2.1
The structure and operation of the Wholesale Electricity Market is described in
terms of industry requirements.
Range
2.2
The function of service providers to the Wholesale Electricity Market is
described in terms of industry requirements.
Range
2.3
includes but is not limited to – spot, forecast, dispatch, provisional,
clearing, and final prices;
nodal pricing: energy, reserve, transmission losses, grid
constraints, location factors;
tranches, band, bids, offers.
The processes of producing and submitting a bid and an offer for the Wholesale
Electricity Market are described in terms of industry requirements.
Range
2.5
includes but is not limited to – system operator, reconciliation
manager, market administrator, information system provider,
clearing manager, pricing manager, and registry.
Wholesale Electricity Market pricing is explained in terms of industry
requirements.
Range
2.4
includes but is not limited to – generator class market participant,
purchaser class market participant, non-market participants,
Market Governance Team, service providers, prudential security,
Commodity Market Information Trading System (COMIT).
includes but is not limited to – conforming and non-conforming
load, asset availability and outages, energy and reserve quantities,
prices, tranches, band, ramp rates, 2 hour rule, bona fide physical
reasons.
Contracts in the Wholesale Electricity Market are described in terms of industry
requirements.
Range
includes but is not limited to – hedges, service contracts, fuel
contracts, agreements, futures.
 New Zealand Qualifications Authority 2016
18200 version 3
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Element 3
Demonstrate knowledge of Electricity Governance Rules.
Performance criteria
3.1
The specific rules for all Wholesale Electricity Market participants and service
providers are described in accordance with Electricity Governance Rules Parts
C, D, E, F and H.
Range
3.2
includes but is not limited to – principle performance obligations
and other standards, market supervision rules, breach reporting
and investigation, general rules about information disclosure.
The industry specific rules for the market trading arrangements are described in
accordance with Electricity Governance Rules Part G.
Range
includes but is not limited to – Section ll: Bids and Offers, Section
lll: Scheduling and Dispatch, Section lV: Must-Run Dispatch
Auction, Section V: Pricing, Section Vl: Reconciliation.
Please note
Providers must be accredited by the Qualifications Authority, or an inter-institutional body
with delegated authority for quality assurance, before they can report credits from
assessment against unit standards or deliver courses of study leading to that assessment.
Industry Training Organisations must be accredited by the Qualifications Authority before
they can register credits from assessment against unit standards.
Accredited providers and Industry Training Organisations assessing against unit standards
must engage with the moderation system that applies to those standards.
Accreditation requirements and an outline of the moderation system that applies to this
standard are outlined in the Accreditation and Moderation Action Plan (AMAP). The
AMAP 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.
 New Zealand Qualifications Authority 2016