Super-peak hedge contract data collection proposal

The Electricity Authority Te Mana Hiko (Authority) is seeking feedback on a proposal to use clause 2.16 of the Electricity Industry Participation Code 2010 (Code) to formalise the collection of standardised super-peak hedge contract trading information.

This aims to enhance transparency, support market confidence and strengthen competition in the electricity sector.

The super-peak hedge contract was designed to enable wholesale market participants to protect themselves from high electricity prices during peak morning and evening demand periods. It has been trading voluntarily since January 2025 with fortnightly trading on the over-the-counter market brokered by Aotearoa Energy.

The Authority receives data from Aotearoa Energy after each trading event on all bids, offers, order changes and executed trades. We publish this data to provide visibility of prices and volumes and support participation in the market.

The current data-sharing arrangement is informal and does not provide guaranteed access to the data on an ongoing basis. To address this, the Authority is proposing to formalise the data collection using a notice under clause 2.16 of the Code.

The proposed notice would ensure the Authority can continue to collect and publish the standardised super peak trading data from any Over-the-Counter trading platform. Timely and reliable data underpins price discovery, robust market monitoring and supports participants to plan their hedging strategies.

We consider that the implementation costs of complying with the notice will be low, given that it largely mirrors the current arrangement. However, some process automation may be required to meet the requirements. Even so, our preliminary view is that the benefits of increased transparency and market confidence will outweigh the associated costs.

Following the consultation period, we expect to make a final decision in early 2026. If approved, the first formal data collection would begin in the first quarter of 2026.

Read the consultation paper and send us your feedback by 5pm, Friday 19 December.

View consultation