Wholesale Market governance documents
There are four interlinked documents that govern the operation of the New Zealand Gas Exchange:
Rules of the New Zealand Gas Exchange
Participant Variance Agreement
Related Documents:
- Determinations Document This document contains various parameters governing the operation of the New Zealand Gas Exchange (as required by the Rules) and the process by which participants will be cashed-out for any imbalances they create at the Trading Hub (as required by the Participant Variance Agreement).
- Guidelines on Adjusting Net TQ This document sets out principles by which Gas Industry Co will calculate Net Traded Quantities and cash-outs in the event of a curtailment at the Trading Hub, as required by the Participant Variance Agreement.
- How to Trade on the New Zealand Gas Exchange This document is a users' guide to the New Zealand Gas Exchange and includes references to the relevant trading rules.
Application Process
Entities wishing to join the market must apply using the form below and must supply all requested information.
Applicants will be notified upon receipt of their application. If more information is required, it will be requested within 5 business days of the receipt notification. Gas Industry Co will make a decision on applications within 10 business days of the receipt of all necessary information.
If an application is accepted, Gas Industry Co will:
- Determine the effective date of admission (which, under the Rules, will be not less than 5 days from the date of notice);
- Advise the Trading System Operator, so that an account for the applicant can be created; and
- Request MDL to include the Trading Hub Delivery and Receipt points in the applicant’s Transmission Services Agreement.
If an application is declined, Gas Industry Co will give reasons for its decision. Applicants may re-apply for admission to the NZGE by submitting an application that addresses the reasons for the first application to be declined.
Ministerial Consent
For trades where s41 of the Crown Minerals Act 1991 applies, an application form for Minister's consent can be found here on the
Ministry of Economic Development website.