Market Operation Service Providers (MOSP) Services - 2027 RFP

The Electricity Authority Te Mana Hiko (Authority) has issued a Request for Proposals (RFP) as part of a competitive, single-stage procurement for five Market Operation Service Provider (MOSP) services, ahead of the upcoming expiry of current contracts on 30 June 2027. The Authority contracts MOSPs to deliver services that help New Zealand’s electricity market operate smoothly. These services are critical for market integrity, settlement accuracy and transparency. These services make up a significant share of the costs recovered through the levy that funds the market system; in 2025/26, the combined cost of the five MOSP services outlined below was about $7 million. The Authority is proposing long-term contracts of up to nine years (an initial three-year term plus two possible three-year extensions). The MOSP services we are procuring for are: 1. Clearing Manager: Acts as financial counterparty, manages invoicing and prudential security to mitigate default risk. 2. Financial Transmission Rights (FTR) Manager: Auctions and administers FTRs to support hedging of locational price risk. 3. Reconciliation Manager: Processes metering data to ensure accurate allocation of electricity volumes and settlement. 4. Registry Manager: Maintains the national Electricity Registry and oversees switching, compliance reporting and data integrity. 5. WITS Manager: Operates the 24/7 trading and information platform, publishing bids, offers and prices. The new contracts will introduce a range of enhancements, including revised legal, operational, and security requirements. Proposals will be evaluated based on experience, system enhancements, delivery capability, project management, quality assurance, IT security, and ability to work collaboratively with the Authority. Indicative timeframes (subject to change) are: • Deadline for Proposals: 30 September 2026 • Shortlisting of suppliers: December 2026 • Preferred supplier selection: March/April 2027 • Contract start: 1 July 2027 (continuin