Power regulator eyes end to voluntary futures market

Tue, 21 Apr 2020

Taking a more commercial approach to market-making in the electricity futures market may increase participation and improve pricing for industry and power retailers, an analysis by the Electricity Authority indicates. The authority is again reviewing the current arrangement under which the four major generators – Contact Energy, Genesis Energy, Meridian Energy and Mercury NZ – ‘voluntarily’ offer volume into the ASX futures market so that smaller participants can always fix a price on future power supplies. But the system dried up in the...

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