Obligations on market participants to disclose risk management contract information came into effect on 2 February 2009.  The obligations are set out in section VI of part G of the Electricity Governance Rules 2003 (Rules).  Risk management contracts that meet the requirements as set out in the Rules will need to be disclosed. 

The Rules are available on the rules and regulations page.

Disclosed information can be viewed for free at www.electricitycontract.co.nz (there is no need to log on).   

Participants must disclose the required information using the www.electricitycontract.co.nz website.  They will need a log on to upload information.  Also available on this site is a template for bulk uploading multiple hedge contracts and a simple user guide for the bulk uploading template.

Associated downloads

The Commission has published:

• Annual lists of nodes along with their associated grid zones and location factors
• A form for the annual certification by each participant of disclosed information.  Certification is required by 30 June each year for the previous year ended 31 March.
  

Guidance

The Commission has published several documents to help participants to understand and comply with their disclosure obligations:

• An overview information sheet (June 2009) pdf [86 KB]
• A detailed information sheet (June 2009) pdf [154 KB]
• An example of a price calculation for disclosure purposes for a complicated fixed-price physical supply contract xls [324 KB]
• A guidance note (November 2009) setting out observations on compliance and tips to avoid breaching the Rules pdf [52 KB]