Commercial market making

Hedge market enhancements: securing access to exchange data

Upcoming Open Closed Decision
View submissions Submissions closed 21 July 2020
Share

Consultation

Hedge markets provide transparent and robust forward price signals, and enable participants to manage their exposure to the spot market for electricity. It is important that the Electricity Authority understands how industry participants access and use hedge markets because this helps us carry out our functions for the long-term benefit of consumers.

From 23 June to 21 July 2020, we consulted on our proposal to secure access to industry participants’ hedging data. Thanks to all those who made a submission.

Following this consultation, we decided to amend the Electricity Industry Participation Code 2010 to secure better data about participants’ activity on exchange platforms. Read our decision paper below.

Decision paper

Hedge market enhancements securing access to exchange data - decision paper

Hedge market enhancements securing access to exchange data - decision paper

We decided to amend the the Code to secure better data about participants’ activity on exchange platforms (like the ASX), reduce compliance costs for industry participants, and reduce administration costs for the Electricity Authority.

From 29 October 2020, a Code change took effect requiring industry participants trading electricity contracts on the ASX, or any other exchange, to give permission for their de-anonymised trading data to be shared by the exchange with us.

Consultation paper

Hedge market enhancements securing access to exchange data - consultation paper

Hedge market enhancements securing access to exchange data - consultation paper

This consultation paper proposed to amend the Code to secure better data about participants’ activity on exchange platforms (like the ASX), reduce compliance costs for industry participants, and reduce administration costs for the Electricity Authority. The proposal addressed an issue with our access to participants’ data relating to exchange-traded risk management contracts.

Submissions

Download all submissions (.zip)