1. The Electricity Authority (“Authority”) gives notice of the Electricity Industry Participation Code (Hedge Disclosure Obligations) Amendment 2026 (“amendment”), made under section 38 of the Electricity Industry Act 2010 (“Act”) on 13 May 2026.

2. The amendment comes into force on 1 August 2026.

3. The amendment amends the hedge disclosure obligations in Part 13 of the Electricity Industry Participation Code (“Code”) to:

1. improve identification of power purchase agreements and firming arrangements;
2. introduce timeframes and processes for disclosing novel contracts;
3. require consistent disclosure of demand response arrangements; and
4. provide the Authority with discretion not to publish information on a risk management contract if doing so would not achieve the purpose of ensuring accurate comparison of risk management contracts and development of accurate contract curves.

4. The amendment is secondary legislation for the purpose of the Legislation Act 2019 and is administered by the Authority.

5. A copy of the amendment and the Code is available on the Authority’s website at: https://www.ea.govt.nz/code-and-compliance/the-code-electricity-industry-participation-code-2010/.

6. A copy of the amendment and the Code may also be inspected free of charge or purchased from the Authority, Level 7, Aon Centre, 1 Willis Street, Wellington.

Dated at Wellington this 13th day of May 2026.

ERIK WESTERGAARD, Acting Chair, Electricity Authority.