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Notice
ASX plans to extend the New Zealand Quarterly Baseload Electricity Futures (contract codes EA, EE, EB and EF) curve from 3 to 5 years, in accordance with changes to the New Zealand Electricity Authority (NZEA) Market Making requirements.
The additional quarters will be available for trading from 12th October 2026, subject to internal and external readiness and regulatory approval.
The NZEA Market Making requirements will come into effect from 1st March 2027. ASX plans to list the additional quarters well ahead of this to give Market Makers the opportunity to voluntarily price the new quarters ahead of the official change in requirements.
The additional quarters will be available for Market Participants to test in CDE + from 24th August 2026.
A market notice will be sent closer to go live to confirm the above change and effective date.
Outline of changes
Key date |
Summary of change |
12th October 2026 |
· ASX New Zealand Quarterly Baseload Futures (contract codes EA, EE, EB and EF) curve extended to 5 years. · Existing NZEA MM obligations continue to apply. · All pricing in years 4 and 5 is on a voluntary basis. |
1st March 2027 |
· New NZEA MM obligations come into effect. · Market Makers are obliged to provide pricing across the entire futures curve (out to 5 years) in accordance with the parameters set by the NZEA. |
What do I need to do by when?
Market Participants are encouraged to view the new contracts in CDE + and to conduct relevant test cases prior to go live on 12th October 2026.
Need more information?
Issued by
Monique Bell, Manager, Commodities
Contact information
or
Investor Support
P: +61 (02) 9338 0000
W: www.asx.com.au/contact