General news
Mercury’s MLC clearance decision
- Wholesale
The Electricity Authority Te Mana Hiko has today published a decision paper outlining the reasons for our clearance of a contract between Mercury and New Zealand’s Aluminium Smelter (NZAS).
We cleared Mercury’s draft agreement with NZAS under the materially large contract (MLC) provisions in the Electricity Industry Participation Code (2010).
A finalised contract was subsequently signed by the parties and publicly announced on 31 May 2024 and the clearance remains applicable.
Related News
Q&As from the standardised super-peak contract webinar
We held a webinar on Wednesday 10 September on our consultation into regulating the standardised super-peak hedge contract. If you missed it, you can watch a r…
Geography, locational pricing and price separation
The wholesale electricity market is where retailers purchase electricity from generators at half-hourly spot prices. In New Zealand, pricing in this market at …
Electricity Authority improves visibility of competition in the over-the-counter contract market
Following two rounds of consultation we have decided to introduce a requirement for participants to provide us with information on requests for over-the-counte…