New Participant Process

Below are steps and guidelines to assist new participants to enter New Zealand's Wholesale Electricity Market.

• Register with the Electricity Authority
• Apply to Electricity Authority for a unique participant identifier
• Complete NZX Participant and Contact Forms
• Fulfill 'AML' compliance requirements under Anti-Money Laundering and Countering Financing of Terrorism Act 2009, More information on AML Checklist and AML Information Guidance
• Meet with NZX Energy Operations, contact cm@nzx.com and rm@nzx.com
• Organise appropriate prudential and security arrangements, this includes a 'Letter of Credit' and/or 'Security Deed'
• Receive credentials for Reconciliation, Clearing, and WITS
• Supply estimated usage data to the Clearing Manager
• Understand your code obligations and market, invoice and settlement processes
• Receive market start date