New standardised flexibility product trading begins on 28 January

Trading of a new standardised flexibility product to improve competition in the wholesale electricity market begins next Tuesday. Aotearoa Energy has been selected as the representative broker for this trading event, which will run from between 9.30am and 10.30am on 28th January.

The new product was developed by the Standardised Flexibility Product Co-design Group (the Group) under the Energy Competition Task Force Package One, as one of four initiatives to enable new generators and independent retailers to enter and better compete in the market. The new super-peak contract to be traded next week will give buyers protection against high prices in morning and evening peaks.

As part of their recommendations, the Group requested brokers provide proposals on how they could best facilitate a trading event for the new product. An industry led representative panel assessed the proposals and selected Aotearoa Energy as the representative broker for this first trading event.

Parties interested in trading in the event should contact Aotearoa Energy at electricity@aotearoa.energy or (09) 930-5410 no later than the 23 January 2025.

It’s important to note that Aotearoa Energy’s onboarding requirements cannot guarantee new parties will be able to participate in this event, but we expect this will be remedied by the next event.

Trading events are expected to continue fortnightly with the Authority’s oversight. Anonymised order and trade information will be disclosed to participants after the trading event. Ongoing product trading will focus on liquidity and generate price discovery over the forward price curve.

Read our super-peak contract specifications.