General news
Mercury’s MLC clearance decision
- Wholesale
The Electricity Authority Te Mana Hiko has today published a decision paper outlining the reasons for our clearance of a contract between Mercury and New Zealand’s Aluminium Smelter (NZAS).
We cleared Mercury’s draft agreement with NZAS under the materially large contract (MLC) provisions in the Electricity Industry Participation Code (2010).
A finalised contract was subsequently signed by the parties and publicly announced on 31 May 2024 and the clearance remains applicable.
Related News
Authority enhances collection and access to thermal fuels information
The Electricity Authority Te Mana Hiko is introducing new requirements for the provision of thermal fuels information. These requirements are set out in the cl…
Feedback sought on relief during times of market stress
We are seeking feedback on whether to allow an urgent Code amendment implemented in response to winter 2024 market stress to expire, or to make it permanent.
Authority comment on permitted circumstances for market makers
The Electricity Authority provides its expectations of any market maker intending to issue a Permitted Circumstance notification based on a potential breach of…