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Wind Offer Arrangement (WOA) Project

This programme of work was completed  October 2019

What’s WOA?

The objective of this project is to enable intermittent generators (wind farm owners) to withdraw their generation in an efficient, centrally coordinated way when the spot market price is below their short-run marginal cost (SRMC).

 

What you need to know about us

There are two key parts to our business, which reflect New Zealand legislation requirements for the power system. As the Grid Owner, we own and operate the National Grid. As the System Operator, we are responsible for managing the real-time power system and operating the wholesale electricity market.
 

Electricity Market

We run the Electricity Market according to the principle performance obligations outlined by the Electricity Authority in the Electricity Industry Participation Code 2010 (the 'Code').