Over-the-counter market

Improving visibility of competition in the OTC contract market: consultation on updates to clause 2.16 notice

Upcoming Open Closed Decision
Make a submission Due by 1 September 2026
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Consultation

We are seeking feedback on a proposal to amend the over-the-counter (OTC) bids and offers data notice. We're proposing to amend the clause 2.16 OTC bids and offers data notice based on analysis of the OTC bids and offers data collected from the first three quarters, suggestions from participants, evolving needs for monitoring level playing field measures, and a few issues we identified in the notice itself. The proposed amendments aim to improve the notice.

This proposed amendment seeks to expand the scope of this notice by:

  • broadening the definition of industrial participants captured by the notice
  • capturing requests made by energy brokers.

We also propose to make a few other changes to the notice which would:

  • make it easier for applicable participants to submit data to the Authority by clarifying several fields in the notice
  • efficiently distinguish between firming and power purchase agreement (PPA) contracts
  • effectively identify relevant information (eg, traded contracts, multiple offers, reasons for non-conforming offers, and reasons for declining offers)
  • improve the submission process for applicable participants
  • fix technical or minor issues identified in the original notice.

We welcome feedback on our proposal by 5pm, 1 September 2026.

Consultation paper

Improving visibility of competition in the OTC contract market: consultation on updates to clause 2.16 notice - Consultation paper

Make a submission

We welcome submissions in a Word document using the format provided in Appendix C to monitoring@ea.govt.nz by 5pm, 1 September 2026.

If you are unable to send your submission electronically, please get in touch with monitoring@ea.govt.nz or call 04 460 8860 to discuss alternative options.

We will publish all submissions. If you consider we should not publish any part of your submission, please:

  • indicate which part should not be published and explain why, and
  • provide a version of your submission the Authority can publish (if we agree not to publish your full submission).

You can request all submissions under the Official Information Act 1982, including parts the Authority does not publish.