Objective: To provide an understanding of the essential elements of the NZ electricity supply system and wholesale electricity market.

Prerequisites: none

1. Introduction
   Overview
   Electricity power flows and concepts
   Energy conversions and units
2. Industry Structure
   Generation, retail, transmission, distribution, consumers
   Historical perspective on industry structure
   Governing legislation and regulations, the role of government
3. Supply
   Types of generator and basic characteristics, fuels and renewable sources, generation by fuel type
   Fuel use and efficiency of thermal generators
   Heat rate and efficiency
   Conversion from fuel to energy, efficiency curves, cost structures, GT, CCGT, steam turbines
4. Transmission: The Grid
   AC lines and three phase transmission
   The HVDC link
   Losses and line limits
5. Demand
   Total demand for electricity in New Zealand
   Demand growth - history and projections
   Demand profiles - shape and what creates the shape
6. The wholesale spot market
   Role of the System operator
   Offers & Bids
   Market models
   Reserves
   Settlements
7. Electricity markets and their prices
   Understanding historical price patterns and their origin
8. The Retail market
   Pricing and reconciliation
9. The Hedge market
   Understanding Hedge contracts

NB: Electricity market course material may vary from the above on the day