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
Stress test disclosures due by 24 June
The spot price risk disclosure regime requires certain participants in the wholesale electricity market to assess their financial exposure to hypothetical move…
Closure of section 16 review
The Electricity Authority Te Mana Hiko has closed an investigation into concerns raised with us about pricing, contract availability, and business conduct in t…
Eye on electricity: Battery performance in New Zealand
New Zealand is building more renewable electricity generation. However, renewable generation (like wind and solar) vary with the weather, so renewable electric…