We have recently made changes to our market rules.
We now have one set of Core Rules, which contains the rules that are applicable to all products. There is also separate Product Supplements, which contain rules specific to the particular products covered by the Product Supplement. The Product Supplements relate to our current New Zealand natural gas and carbon credit products.
This version 8 of the Market Rules is now in effect, as of 17 March 2020.
Participants trading the NGP-TRS product on the emsTradepoint market sit throughout the Natural Gas supply-chain, including:
- electricity generators
- retailers and wholesalers
- industrial and commercial users
- transmission pipeline operators.
Brokers also play an important role in facilitating trade.
To become a Participant and begin trading, parties must:
- sign the emsTradepoint Participant Agreement
- demonstrate a valid Transmission Services Agreement (signed with First Gas)
- provide collateral in the form of a Bank Guarantee, or other approved format (Bidding Participants only).
View-only Participants are only required to sign the emsTradepoint Participant Agreement.
Three participant types are available.
The difference between Full and Small Trading Participants is in the fee structure. The current break-even point to warrant a Full Trading subscription is 500 TJ per annum.
*Participants will only be able to trade or view the products (NGP) according to their Participant agreement or agreements.
Full trading & small trading Participants
Trade with bidding and/or offering trading rights View and trade against live emsTradepoint trading boards View, download and analyse real-time forward and historic market data Access all market information, including weekly Market Wrap Reports.
Access live emsTradepoint order boards (view-only) View, download and analyse real-time forward and historic market data Access all market information, including the weekly Market Wrap reports View-Only Participants incur an annual subscription fee.
Any company that wants to trade physical natural gas volumes on emsTradepoint must hold an agreement which enables the scheduling of their trade quantities to the applicable delivery point(s) – a Maui Transmission Services Agreement.
emsTradepoint may accept alternative arrangements that achieve the same end. The Physical Delivery Agent Agreement, where a third party acts as a shipper on behalf of a participant, is an example of this.
Our fees for both view-only and trading participants are set out in Schedule 5 of the emsTradepoint Market Rules.
We're always happy to provide training on how to use our platform, just contact us.
Brokers fill an important role in the market. They are able to negotiate OTC deals between Participants and submit them for settlement as Off-Market trades. This type of trade can create significant value for Participants and follows emsTradepoint's verification procedures whilst maintaining all benefits of central counterparty clearing and settlement, including anonymity.
In 2018 we made some changes to our broker agreements that allow Accredited Brokers to (among other things) place orders on behalf of their clients where they have received explicit permission from their clients. All existing features of the exchange such as anonymity and the central-counter-party model etc remain the same.
- BGC Partners (Australia) Pty Limited
- ICAP New Zealand Limited
- OM Financial Limited
- Ballance Agri-Nutrients Limited*
- Contact Energy Limited
- ENGIE Global Markets*
- First Gas Limited
- Fonterra Co-operative Group Limited*
- Gas Industry Company Limited*
- Genesis Energy Limited
- Greymouth Gas New Zealand Limited
- Haast Energy Trading Limited*
- Hale & Twomey Limited*
- Meridian Energy Limited*
- Methanex New Zealand Limited
- New Zealand Steel Limited*
- Nova Energy Limited
- OMV New Zealand Limited
- Smart Power Limited*
- Trustpower Limited
- Vector Gas Trading Limited
*View only participant