1. Under section 38(3)(b) of the Electricity Industry Act 2010 (“Act”), and having complied with section 39 of that Act, the Electricity Authority (“Authority”) gives notice of making the Electricity Industry Participation Code Amendment (Securing Access to Exchange Data) 2020 (“amendment”).
2 The amendment comes into force on 29 October 2020.
3. The amendment inserts new clauses to subpart 5 of Part 13 of the Electricity Industry Participation Code 2010 (“Code”) and a new subclause to clause 13.218 of the Code. The new clauses will allow the Authority to access de-anonymised data about participants from exchange platforms through which risk management contracts are traded. This will be done by imposing obligations on participants to permit each exchange platform on which they trade risk management contracts to share their de-anonymised data with the Authority and make necessary arrangements to ensure such information can be provided. The new subclause will give the Authority discretion to remove participants’ existing obligation to manually disclose the same data.
4. A copy of the amendment and the Code are available on the Authority’s website at: http://www.ea.govt.nz/code-and-compliance/the-code/.
5. A copy of the amendment and the Code may also be inspected free of charge or purchased from the Electricity Authority, Level 7, Harbour Tower, 2 Hunter Street, Wellington.
Dated at Wellington this 14th day of September 2020.
Dr THOMAS BRENT LAYTON, Chair, Electricity Authority.