Wholesale Information and Trading System (WITS)

 

On 1 July 2007, the new Wholesale Information and Trading System (WITS) service provider agreement pdf [1121 KB]

commenced, with The Marketplace Company Ltd (M-co) awarded the role of providing the service.

WITS, currently called COMIT, is the electricity market wholesale information and trading platform used by electricity market participants to upload their bids and offers.  WITS also delivers pricing, scheduling and other market data.  The information within the current COMIT system is available to participants who trade in the electricity wholesale market or by special arrangement with M-co.

As part of this new agreement, the non-trading and non-confidential information within WITS will be made publicly available via a public website to interested web users.  This facility will be available after a planned upgrade to the hardware system that provides WITS, which will be implemented in March 2008.  In the interim period, from 1 November 2007 the Commission will allow restricted access to the current COMIT platform to the registered users, thereby allowing access to wider market information disclosure. The restricted access will ensure the integrity of the trading platform for trader class users.

This interim measure is intended for people who require more detailed regular market information than what is currently available via COMIT Free To Air website (www.electricityinfo.co.nz)

Existing COMIT users will continue to have access, and do not need to anything at this time. M-co will be in contact with existing users shortly to arrange for an updated Use of System Agreement to be signed.  Casual users are encouraged to continue accessing information via the COMIT Free To Air website.

Any parties interested in having access to COMIT should complete the application form doc [188KB], send the form to info@electricitycommission.govt.nz with the subject header "WITS application".  New users will then be required to sign a Use of System Agreement with M-co.  In considering the applications, certain criteria will need to be satisfied before the Commission will grant access.

• More general information on service providers