Commercial Market Making Scheme - 2024

Details

Tender Closed
RFx ID :	27616454
Tender Name :	Commercial Market Making Scheme - 2024
Reference # :
Open Date :	Monday, 3 July 2023 9:00 AM (Pacific/Auckland UTC+12:00)
Close Date  :	Wednesday, 2 August 2023 3:00 PM (Pacific/Auckland UTC+12:00)
Tender Type :	Registration of Interest (ROI)
Tender Coverage :	Sole Agency  [?]
Categories :	80000000 - Management and Business Professionals and Administrative Services 84000000 - Financial and Insurance Services 93000000 - Politics and Civic Affairs Services
Regions:	New Zealand
Required Pre-qualifications :	None
Contact :	Douglas Parker douglas.parker@mbie.govt.nz
Alternate Physical Delivery Address  :
Alternate Physical Fax Number  :
Agency Address :
Related Tenders:	28046065 - Commercial Market Making Scheme - 2024

The New Zealand Electricity Authority is seeking to establish phase two of the commercial market-making scheme for the New Zealand electricity futures market. This Registration of Interest (ROI) forms the first of a two-stage procurement process.

The Authority would like to hear from potential commercial scheme service providers who have experience in commodities trading and financial services. Suppliers will be asked to showcase their prior experience, credibility, and risk mitigation strategies in providing market-making services.

It is imperative that suppliers create a fit-for-purpose solution, considering their previous experience, the NZ electricity futures market, the needs of the Authority, and the needs of NZ electricity consumers.

It is important that the Authority can ensure continuity of market-making service to participants in the NZ electricity futures market, and therefore it is important the Authority works with market makers who have a strong track record in delivering comparable services, have a good method of managing risks, and understand the challenges with providing this service in NZ.

The Authority seeks to ensure that market-making services enable efficient risk management and support a robust forward price curve. Respondents to the Registration of Interest (ROI) will contribute to providing market-making services for the long-term benefit of NZ electricity consumers.

Successful Respondents from the ROI stage will be invited to provide a proposal at the Request for Proposals (RFP) stage in which at least one commercial market maker will be appointed. Only successful Respondents from this ROI will be invited in the RFP.

Deadline for clarification requests from suppliers: Monday, 17 July 2023

This tender has been completed.

Date RFx was completed/updated: Wednesday, 6 September 2023 3:53 PM (Pacific/Auckland UTC+12:00)