The report covers the Authority's key achievements and provides detailed reports on its financial and non-financial performance.

The report is tabled in Parliament and published in accordance with the Crown Entities Act 2004.

Our Annual Report for the 2019/20 financial year

Annual Report 2019/20

Last updated: 12 October 2020

  • This annual report is the last to report against our previous strategy set out in the 2017-21 SOI.
  • We reached a significant milestone on our Transmission Pricing Methodology (TPM) decisions through publishing consultation and information papers, holding workshops and meetings and considering submissions. We published new TPM guidelines which should increase efficiency of the electricity industry.
  • We worked at pace to deliver Electricity Price Review initiatives and made several decisions, including improving the hedge market and the introduction of a default agreement for use between retailers and distributors.
  • We completed the default distributor agreement (DDA) which should address long-standing contract negotiation issues between distributors and traders, problems which industry have been unable to resolve for years.
  • We worked in partnership with the electricity industry to reset our strategy. The last time the strategy got an extensive refresh was 2013.

Previous Annual Report Documents