The new Electricity Governance Rules 2003 (Rules) on the disclosure of risk management contract information came into effect on Monday 2 February 2009. Any risk management contracts traded after 2 February 2009 which meet the requirements as set out in the new Rules will need to be disclosed. The new Rules are available on the rules and regulations page.

The url for the disclosure system is www.electricitycontract.co.nz.

Location factors

The location factors required to calculate the contract price as defined in the new Rules can be downloaded from the disclosure system via http://www.electricitycontract.co.nz/page/downloads.

Information sheets

The Commission has prepared two information sheets on the disclosure of risk management contract information to outline its key features and how interested parties can make use of the system. One information sheet is an overview of the regime and the other is a more detailed description of the regime that includes examples of contract price calculations. The Commission has prepared updates of these information sheets as at 25 June 2009.

• Information sheet - overview pdf [86 KB]
• Information sheet - detailed pdf [154 KB]

Contract Price Calculation Example

The following file contains examples of calculating contract price for a more complicated fixed-price physical supply contract.

• FPVVexample.xls [324 KB]
  

WITS functional specification

The functional specification within the WITS Service Provider agreement has been updated to reflect changes in the new Rules.