Prudential security arrangements Code amendment
Consultation
The Electricity Authority Te Mana Hiko is seeking feedback on two proposed Code amendments to improve the efficiency of prudential security arrangements for retailers, without increasing risk to the wider market.
We propose to:
- reduce the post default exit period by four days for retailers with 1,000 ICPs or fewer
- reallocate residual funds to purchasers in proportion to their percentage of total purchase volume.
These adjustments are intended to help lower barriers to growth and support a more diverse and vibrant retail electricity market. This should help deliver providing consumers with greater choice and value for consumers.
The Authority intends that future planned improvements to our trader default processes will benefit a wider range of retailers.
Make a submission
We welcome submissions in Microsoft Word in the format shown in Appendix A to wholesaleconsultation@ea.govt.nz by 5pm, 24 April 2026.
If you cannot send your feedback electronically, please contact wholesaleconsultation@ea.govt.nz or call 04 460 8860 to discuss alternative arrangements.
We will publish all feedback. If you consider that we should not publish any part of your feedback, please:
- indicate which part should not be published and explain why, and
- provide a version that we can publish (if we agree not to publish your full feedback).
All feedback, including any parts that the Authority does not proactively publish, can be requested under the Official Information Act 1982.