New Zealand’s national grid operator, Transpower NZ Ltd., has selected Nexant’s i-HEDGE as the core operating system to run the country’s financial transmission rights auction market. Nexant will work with Transpower’s Energy Market Services group—the FTR manager service provider to the New Zealand Electricity Authority—to implement the new system.
Nexant is recognized as the only market system vendor able to deploy and maintain a series of complex market systems with a common core infrastructure and easy configuration that supports a variety of FTR markets—each having its own business rules and other unique characteristics.
As the primary service provider, EMS will develop the FTR Allocation Plan in consultation with the market participants. The Allocation Plan will cover key market elements, including design of the FTRs, the FTR auctions, and the FTR grid. Once the Electricity Authority approves the Allocation Plan, Nexant will implement the i-HEDGE FTR system in conjunction with EMS.