On behalf of NZX, KEA 3 is currently assisting the New Zealand Electricity Commission develop a mechanism to enhance participants’ ability to manage locational price risk in the wholesale electricity market (a locational hedge).

KEA 3, on behalf of NZX, is currently assisting the New Zealand Electricity Commission with a project to introduce an interim pricing period into the wholesale electricity pricing process. This would provide parties with an opportunity to review prices before they are published as final, and allow for any input or process errors to be identified and corrected.

KEA 3 provides advice to NZX Limited under a strategic relationship agreement. This work includes:

- Providing advice on electricity networks and markets
- Quantitative analysis

KEA 3 recently assisted the New Zealand Commerce Commission with its role under the Electricity Industry Reform Act 1998.

KEA 3, on behalf of NZX, recently assisted the New Zealand Electricity Commission with a project to improve the wholesale electricity pricing process. This has involved developing a conceptual framework for achieving an appropriate trade-off between price certainty and price accuracy, and enabling consumers to make efficient decisions which enhances competition.

Reducing emissions from deforestation and degradation (REDD) is an option that could rapidly and cost-effectively reduce greenhouse gas emissions. KEA 3 investigated the impact of incorporating REDD into international carbon markets. This project extended previous modeling efforts by simulating carbon market interactions under expanded Annex I commitments which were aligned with the goal of avoiding a greater than 2.0-2.4⁰C rise in global temperatures.

The KEA 3 team worked on a project for the New Zealand Ministry of Agriculture and Forestry (MAF) which quantitatively assessed the impact of integrating REDD (reducing emissions from deforestation and degradation) credits into a post-2012 carbon market.

The KEA 3 team worked on a project for the New Zealand Ministry of Agriculture and Forestry (MAF) which considered one option, referred to as “gearing”, for taking account of environmental integrity issues associated with reducing emissions from deforestation and degradation in developing countries (REDD).