General news

Join us for an introduction to a new flexibility product for the wholesale market

  • Wholesale

We are hosting an online seminar to introduce the industry designed flexibility product for the wholesale electricity market. Trading of the product will commence in January 2025.

Hear more about the product from the Chair and members of the Standardised Flexibility Products Co-design Group who developed it for the sector. The seminar will run 2–3pm, Wednesday 18 December.

Register for the flexibility product seminar

Standardised flexibility products will deliver forward price discovery for flexible supply and demand. Electricity participants can use this information to make more efficient business decisions, which will improve competition in the wholesale electricity market and reduce costs for consumers.

This work is one of the Energy Competition Task Force initiatives to enhance competition by enabling new generators and independent retailers to enter and better compete in the market. The Task Force is also investigating other initiatives that may provide targeted support for renewables development.

Related News

Watch the BESS webinar recording

We would like to thank everyone who attended our webinar on our consultations to support the growing role of grid-scale batteries in New Zealand’s power system.

Feedback sought on proposed FTR change

We are seeking feedback on a proposal to remove the requirement for the Financial Transmission Rights manager to calculate the amount of loss and constraint ex…

Authority issues RFP for the next Commercial Market Making contract

The Electricity Authority Te Mana Hiko has started a competitive procurement process for its commercial market making scheme. A Request for Proposal is now ava…