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
A new way to submit your Part 16A audit to the Electricity Authority
The Electricity Authority Te Mana Hiko is replacing the Retail and Audit Database - also known as RAD - with a new audit portal within the Authority’s Complian…
Authority opens new pathway for energy innovators
Today the Electricity Authority Te Mana Hiko has launched the Power Innovation Pathway, an initiative designed to accelerate innovation in New Zealand’s electr…
What was behind high wholesale electricity prices
Between July and early August 2024, New Zealand’s wholesale electricity prices increased from roughly $300/MWh to over $800/MWh. This article explains how the …