Notice

ASX to extend New Zealand Quarterly Baseload Electricity Futures curve to 5 years

What's this about:
  • ASX 24 Market
  • Trading
  • Clearing
  • Product
  • Operations
  • Technology
  • Rules
  • Compliance
  • Risk
  • Commodities
  • Energy
  • ASX 24
  • Electricity Futures
  • New Zealand
  • Forward curve
  • Market making
  • NZEA
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Notice reference number: 1170.26.10
Date published: 02/10/26
Effective as of: 12/10/26
Last updated: 02/10/26

As detailed in notice 0925.26.08, ASX will be extending the New Zealand Quarterly Baseload Electricity Futures (contract codes EA, EE, EB and EF) curve from 3 to 5 years in line with changes to the New Zealand Electricity Authority (NZEA) Market Making requirements.  

The additional quarters will be available to trade from 12th October 2026.

The NZEA Market Making requirements will come into effect from 1st March 2027.

Marked up changes to the ASX 24 Operating Rules and Procedures can be found in the attachment.

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?

No action required

Need more information?

Issued by

Monique Bell, Manager, Commodities

Contact information

E: Commodities@asx.com.au

or

Investor Support
T: +61 (02) 9338 0000
W: www.asx.com.au/contact

 

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