The Utility Regulator has been consulting on Generating Unit Agreements (GUAs) during 2011.
An initial consultation paper, setting out the Regulator’s initial views on issues and factors informing the decision-making process on GUAs was published in March. A further period of consultation followed in September, which set out the Regulator’s minded-to decision.
After considering all responses to the consultations, having undertaken detailed economic analysis and sensitivity analysis (most recently using up-to-date commodity prices) and after considering relevant policy issues, the Utility Regulator has decided to keep the GUAs under review, with a decision paper expected in early 2012.