News

In this issue: We discuss the importance of voluntary ambition, the role of Power Purchase Agreements in supporting renewable energy, seek your feedback on the monthly Residual Supply Mix, announce increasing levels of participation on the NZECS, and outline the process we will follow to close out the 2021/22 Production Year.

STX is a market maker in environmental commodities and hence provides market access and liquidity in both liquid and illiquid commodities like renewable energy, biofuels, energy efficiency and carbon markets.

Strive is the climate action brand of Vertis Environmental Finance, the oldest emissions trading firm in Europe. With over 20 years of experience in the carbon markets, a billion carbon units traded, and over 1,800 clients, the company provides the solid base companies need for their net zero journey.

Total Utilities manages nearly $500 million of utility purchases annually in the New Zealand energy, waste, and IT markets, and offers a range of sustainable utility solutions to its clients. These include analysis of energy usage and costs, advice on energy efficiency, energy and utility monitoring and reporting, and the negotiation and procurement of utility contracts.

Pioneer Energy, and its Southern Generation Limited Partnership, supplies renewable electricity from hydro and wind generation stations, with the majority located in the South Island.

There is considerable new interest in the development of renewable electricity generation in New Zealand, including solar, wind and geothermal generation. There is also renewed interest in demand response and the use of battery storage to manage the variable nature of increasing levels of solar and wind generation.

The NZECS relies on its software platform, the registry, for the bulk of its activity. Given the importance of this platform, we see ongoing software development as a key priority.

In this issue: We have published initial gas certification rules, welcomed ECOHZ to the NZECS, and continued our work to bring more information to users and stakeholders of the system.

People interested in either buying or selling a New Zealand energy certificate (NZ-EC) for the first time often ask the same question, “What is a fair price for an NZ-EC?”