Latest news with #emsTradepoint
Scoop
19-05-2025
- Business
- Scoop
Transpower Commits To emsTradepoint Through 2025 And Beyond
Press Release – Transpower emsTradepoint provides an electronic trading platform that enables the transparent and efficient trading of gas and carbon products. The platform supports spot and forward trading, creating essential price signals for the New Zealand energy market. Transpower announced today that it will continue to own and operate emsTradepoint, New Zealand's leading gas and carbon trading platform, for the foreseeable future. emsTradepoint provides an electronic trading platform that enables the transparent and efficient trading of gas and carbon products. The platform supports spot and forward trading, creating essential price signals for the New Zealand energy market. Transpower Chief Executive James Kilty said Transpower had looked to find a buyer for the platform but did not receive viable offers from anyone that it considered capable of providing market participants with certainty and stability during a critical period for the country's gas sector. 'emsTradepoint plays an important role in New Zealand's gas and carbon markets through delivering price and trading transparency,' he said. 'This has become increasingly important given the accelerated decline in gas availability over the last 12-18 months. 'In this changing context and as we continue to navigate the complexities of the energy transition, we believe that we are best placed to continue to operate the platform in the interests of all Kiwis. 'The continued operation of emsTradepoint under Transpower's stewardship ensures market participants can trade with confidence through 2025 and beyond.' As part of the ongoing development of emsTradepoint, Transpower has plans to introduce new products and revised tariff structures, which will be confirmed and announced in September 2025. For more information about emsTradepoint and its services, please visit emsTradepoint operates New Zealand's leading gas and carbon trading exchange, providing an electronic trading platform that enables the transparent and efficient trading of gas and carbon products. The platform supports spot and forward trading, creating essential price signals for the New Zealand energy market. About Transpower New Zealand Transpower is the state-owned enterprise responsible for owning and operating New Zealand's National Grid – the high voltage transmission network connecting areas of generation with towns and cities across New Zealand. Transpower also manages New Zealand's power system in real time, ensuring electricity supply meets demand.
RNZ News
18-05-2025
- Business
- RNZ News
Transpower u-turns on sale of NZ's only gas trading platform
Transpower does u-turn to keep gas trading platform emsTradepoint. Photo: 123RF Transpower has done an about-face and decided to keep and expand the country's only gas trading platform, emsTradepoint, as the country's gas supplies dwindle. Last year, the national grid operator put the platform up for sale because it was a non-core asset, and when it could not find a buyer said it would shut it down in September this year, prompting industry criticism. However, rapidly dwindling gas supplies appear to have triggered a change of mind. "emsTradepoint plays an important role in New Zealand's gas and carbon markets through delivering price and trading transparency," chief executive James Kilty said. "This has become increasingly important given the accelerated decline in gas availability over the last 12-18 months." Transpower had previously said the platform was trading only small amounts and its closure would make little or no difference to the overall gas market. However, for some commercial users the platform has become increasingly important to find supplies at viable prices. Leading power companies Contact and Genesis have recently cut deals to buy gas from the country's biggest gas user, Methanex, to shore up reserves if needed for electricity generation this winter. Kilty said Transpower accepted that it was best placed to retain and operate the platform, which would be expanded with new products and prices later in the year. Sign up for Ngā Pitopito Kōrero, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
Scoop
18-05-2025
- Business
- Scoop
Transpower Commits To emsTradepoint Through 2025 And Beyond
Transpower announced today that it will continue to own and operate emsTradepoint, New Zealand's leading gas and carbon trading platform, for the foreseeable future. emsTradepoint provides an electronic trading platform that enables the transparent and efficient trading of gas and carbon products. The platform supports spot and forward trading, creating essential price signals for the New Zealand energy market. Transpower Chief Executive James Kilty said Transpower had looked to find a buyer for the platform but did not receive viable offers from anyone that it considered capable of providing market participants with certainty and stability during a critical period for the country's gas sector. 'emsTradepoint plays an important role in New Zealand's gas and carbon markets through delivering price and trading transparency,' he said. 'This has become increasingly important given the accelerated decline in gas availability over the last 12-18 months. 'In this changing context and as we continue to navigate the complexities of the energy transition, we believe that we are best placed to continue to operate the platform in the interests of all Kiwis. "The continued operation of emsTradepoint under Transpower's stewardship ensures market participants can trade with confidence through 2025 and beyond." As part of the ongoing development of emsTradepoint, Transpower has plans to introduce new products and revised tariff structures, which will be confirmed and announced in September 2025. For more information about emsTradepoint and its services, please visit About emsTradepoint emsTradepoint operates New Zealand's leading gas and carbon trading exchange, providing an electronic trading platform that enables the transparent and efficient trading of gas and carbon products. The platform supports spot and forward trading, creating essential price signals for the New Zealand energy market. About Transpower New Zealand Transpower is the state-owned enterprise responsible for owning and operating New Zealand's National Grid – the high voltage transmission network connecting areas of generation with towns and cities across New Zealand. Transpower also manages New Zealand's power system in real time, ensuring electricity supply meets demand.
