Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Inviting Local And International Market Makers To Provide Services To The New Zealand Electricity Futures Market

The New Zealand Electricity Authority has a services contract opportunity for providers of market making services to support the New Zealand wholesale electricity futures market.

The Authority reviewed market making arrangements in the New Zealand futures market throughout 2020 and decided to procure market making services on a commercial basis.

The Authority is inviting organisations interested in providing market making services to give feedback on its proposed commercial market making scheme through a Request For Information (RFI), released today.

"We are looking to procure additional commercial market makers into the New Zealand futures market to increase market diversity, strengthen competition and improve the robustness of the forward price curve," says James Stevenson-Wallace, Chief Executive of the Electricity Authority.

"We want organisations interested in providing market making services to send feedback through our RFI, which will inform the final design of a commercial market making scheme that most efficiently meets the needs of New Zealand electricity consumers."

The NZ electricity futures market is hosted on the Australian Securities Exchange (ASX). This market is currently supported by market making services provided by New Zealand’s four largest electricity generator-retailers: Contact Energy Limited, Genesis Energy Limited, Mercury NZ Limited and Meridian Energy Limited.

Commercial providers can be based locally or internationally and will be paid a fee for providing market making services. The fee will be determined via a competitive tender later this year.

The RFI is published on, the New Zealand Government’s procurement portal and is open until 5pm 12 March 2021.

After the close of the RFI, the Authority will develop the final scheme design. The Authority will then initiate a formal procurement process, by seeking Registrations of Interest (ROI) from interested parties, compile a shortlist of suppliers and seek proposals through a Request for Proposal (RFP). For more information on the stages of the procurement process and link to the RFI, see the Authority’s website.

To contact the Authority or to register to receive an invitation to the upcoming workshops on the topic, please email

© Scoop Media

Business Headlines | Sci-Tech Headlines


Reserve Bank: Policy Lessons From A Year Of Covid-19

The Reserve Bank of New Zealand – Te Pūtea Matua was in a sound position to continue to meet its mandate in the face of the COVID-19 induced economic shock. However, we must continue to transform so as to remain relevant and effective in addressing longer-term challenges, Reserve Bank Governor Adrian Orr said... More>>

Transport Industry Association: Feb 2021 New Vehicle Registrations Strongest On Record

Motor Industry Association Chief Executive David Crawford says that the February 2021 figures are the strongest for the month of February ever. Registrations of 12,358 were 8.0% up on February 2020. Year to date the market is up 7.1% (1,735 units) compared to the first two months of 2020... More>>

Paymark: Lockdown Equals Slowdown For Some

The three days of lockdown for Auckland earlier this month made a clear impression on our retail spending figures. While only Auckland moved into Level 3 lockdown, the impact was felt across the country, albeit at different levels. Looking at the ... More>>

Infrastructure Commission: Te Waihanga Releases Report On Water Infrastructure

The New Zealand Infrastructure Commission, Te Waihanga’s latest discussion document highlights the importance of current reforms in the water sector. Its State of Play discussion document about water infrastructure is one of a series looking at the ... More>>

Psychic Ventures: US Consumer Spending On Video Games Jumped By 42% In Jan 2021

On a global scale, there was a 15% increase in digital games revenue in January 2021, pushing the total to $11.6 billion.
In the US, gaming revenue rose to an impressive high during the month thanks to the new generation of consoles. ... More>>

OECD: Annual Inflation Picks Up To 1.5% In January 2021 While Euro Area Records Sharp Increase To 0.9%

Annual inflation in the OECD area picked up to 1.5% in January 2021, compared with 1.2% in December 2020. Following a rebound between December and January, the annual decline in energy prices was less pronounced in January (minus 3.9%) than in December... More>>

Hemp Industries Association: Could The Next Team NZ Boat Be Made Entirely Of Hemp?

With The America’s Cup due to start in a few days’ time, innovators from a very different sphere have been wondering how long it could be before New Zealand could be competing in a boat entirely built from hemp, with the crew eating high-energy, nutritious hemp-infused foods and wearing high-performance hemp kit..? More>>

ACT: Matariki Almost A Half Billion Dollar Tax On Business

“Official advice to the Government says an extra public holiday at Matariki could cost almost $450 million,” ACT Leader David Seymour can reveal. “This is a perfect example of the Prime Minister doing what’s popular versus what’s responsible. ... More>>