Who Operates the Electricity Pool?

Pool Members govern the Pool, using the mechanisms defined in the P&SA. Any changes to policy or procedure are considered and endorsed through a committee process. An Executive Committee manages the Electricity Pool on behalf of those Pool Members. It is responsible for progressing Pool policy and strategy issues and overseeing changes to the operation and development of the Pool.

The Chief Executives Office(CEO) administers the day to day business of the Pool. The CEO’s work includes facilitating the work of the executive committee and its sub committees. It assists the Executive Committee in the overall management of the Pool through routine monitoring of key functions and overall administration of the Pool activities.

There is also a Chairman of the Electricity Pool who is nominated for a two or three year term. The principle role of the Chairman includes presiding over Pool Members meetings and Executive Committee meetings, ensuring governance arrangements for the Pool are periodically reviewed and promotion of effective relations with the media, consumers and the public.

There are also a number of service providers who undertake specific roles on behalf of Pool Members.

Settlement of electricity between generators and suppliers is performed in two stages:

Stage 1 deals with the calculation of the money owed to each generator on the basis of the electricity they have generated in each half hour period and the price of electricity set for that half hour period. The Trading Stage 1 committee, consisting of the representatives of Pool Members, is responsible for governing Stagte 1 trading.

Stage 2 deals with the calculation of how much electricity has been used by the customers of each supplier, and attrubutes this to each Supplier for each half hour period for settlement. The Trading Stage 2 committee, consisting of the representatives of Pool Members, is responsible for governing Stage 2 trading.