NZX
06/11/2012 17:02
GENERAL
REL: 1702 HRS NZX Limited
GENERAL: NZX: NZX Energy Service Provider Agreement Renewal
NZX Energy Service Provider Agreement Renewal
6 November 2012 - NZX is pleased to announce that the Electricity Authority
has renewed four service provider contracts under which NZX provides services
to New Zealand's wholesale electricity market.
The contracts are for the roles of: (a) reconciliation manager; (b) pricing
manager; (c) wholesale information and trading system (WITS) provider; and
(d) clearing manager, and were due to expire on 1 May 2013.
The Authority has notified NZX that it is exercising its option to renew the
contracts for a second term, which will now expire on 1 May 2016. At the
expiry of the second term, the Authority may renew for a third term lasting
three years.
As part of the negotiations ahead of the renewal, the Authority and NZX have
agreed variations to the agreements, including a reduction in fees and
commitment to a development programme.
ENDS
Debbie Buckman
EA to CEO Tim Bennett
+64 4 495 2818
End CA:00229403 For:NZX Type:GENERAL Time:2012-11-06 17:02:49
Price at posting:
$1.25 Sentiment: None Disclosure: Held
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