In September 2013, a private wholesale gas trading mechanism was established. Called emsTradePoint and operated by Transpower, it is a blind, centrally-cleared market that has attracted a number of trading participants. Information on that market, including its rules, can be found at www.emstradepoint.co.nz.
As part of its ongoing attention to wholesale market developments, Gas Industry Co commissioned a paper, Essentials of Efficient Natural Gas Trading in New Zealand, from United States-based energy trader Beverly Beaty, that provides an overview of how gas markets operate and outlines the features of the two industry-led initiatives (NZX also offered a market based on the New Zealand Gas Exchange (NZGE) design in 2013, but did not attract support). It is intended to assist any parties who would like to be more active in gas trading, but who lack experience with trading on a centralised platform.