General news
Commercial market making contract renewed
- Wholesale
- Innovation
The Electricity Authority has renewed its contract with Bold Market Making NZ Ltd to provide commercial market making services.
The new arrangement commences on 1 July 2023 and runs through until 30 June 2024.
Bold Market Making NZ Ltd was selected by the Authority in July 2022, following a two-stage procurement process, to provide commercial market making services. It entered the market on 1 September 2022.
The NZ electricity futures market is hosted on the Australian Securities Exchange (ASX). This market is also supported by market making services provided by New Zealand’s four largest electricity generator-retailers: Contact Energy Limited, Genesis Energy Limited, Mercury NZ Limited and Meridian Energy Limited.
More information: Commercial market marking
Related News
Selection process starts for over-the-counter trading platform
We've started working with industry participants to select an OTC trading platform that has all the features necessary to deliver voluntary or mandatory market…
Stress testing: certificate of spot price risk disclosure statement updated
The stress testing regime requires certain participants in the wholesale electricity market to test their exposure to changes in spot electricity prices and re…
New standardised super-peak hedge product has improved risk management
In 2024 the Electricity Authority Te Mana Hiko’s risk management review found there was limited volume of a financial tool aimed specifically at price risk dur…