On 26 August 2016, we received a letter from Mercury NZ Ltd (Mercury) requesting that we add a Central North Island financial transmission rights (FTR) hub to the existing five FTR hubs. Mercury asked that we add this hub quickly so that participants could purchase FTRs here for use in winter 2017. Thirteen parties provided letters of support for Mercury’s request.

We have been in discussions with the FTR manager and the clearing manager to undertake an initial assessment of Mercury’s request. We have written to Mercury explaining our response to its request. As a first step, the FTR manager will undertake a consultation on the addition and/or removal of FTR hubs.