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
Watch the BESS webinar recording
We would like to thank everyone who attended our webinar on our consultations to support the growing role of grid-scale batteries in New Zealand’s power system.
Feedback sought on proposed FTR change
We are seeking feedback on a proposal to remove the requirement for the Financial Transmission Rights manager to calculate the amount of loss and constraint ex…
Authority issues RFP for the next Commercial Market Making contract
The Electricity Authority Te Mana Hiko has started a competitive procurement process for its commercial market making scheme. A Request for Proposal is now ava…