MSC To Announce Inquiry Results On Tuesday

Media Statement from the NZEM Market Surveillance Committee

The Market Surveillance Committee (MSC), an elected body of independent members, is charged with the surveillance and compliance of the New Zealand electricity market (NZEM). The Market Surveillance Committee's major task is to ensure compliance with the NZEM Rules.

Following a request from an NZEM market participant the MSC is conducting an inquiry into elements of the wholesale market, in particular:
* The market's management of prudential risks in the context of the current level of prices; and
* NZEM pricing issues that have been raised.

The MSC has been held up in the production of its report on the inquiry but expects to have it completed and released on Tuesday 17 July.

Until this time neither the MSC, nor M-co - its executive under NZEM - will comment on this matter.

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