Transpower to close NZ's only wholesale gas market

emsTradepoint is a small but important part of the gas sector. (Image: Getty)

Mon, 27 May 2024

New Zealand's only wholesale gas trading platform is set for closure.Gas and carbon markets are abuzz with rumour and speculation after Transpower’s announcement that it will close the emsTradepoint trading platform.EMS is one of three public secondary trading platforms for carbon units. More importantly, it is the only wholesale market to buy and sell gas spot and future contracts.Transpower said on Monday that it had decided to close subsidiary EMS “after consulting with staff, and a process to identify a prospective purchaser...

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