Localflex:
Building a new electricity market for New Zealand
Our Energy brought electricity networks and flexibility providers together through a new, independent marketplace.
What we've learned and what's next
An important first step, made possible through cross-sector collaboration
Now we're building on that experience to help shape what comes next.
The first competition at a glance
20
competitions
registered flexiblity service providers
41
$1.8M
in available utilisation and reserve payments
4
participating electricity networks
What we’ve learned
Standardisation matters
Common agreements and processes make it easier for flexibility providers to participate across different networks.
Flexibility isn't one-size-fits-all
Different energy resources have different capabilities, and market products need to reflect that.
Learn by doing
Real market participation gives us the practical insights needed to improve and grow Localflex.
More time to prepare
Earlier engagement gives providers time to assess opportunities, engage customers and prepare offers.
Make participation easier
Clearer information, simpler processes and better guidance can help reduce barriers.
What’s next?
We're working with participating EDBs and FSPs to build on these learnings, refine the market and make future competitions easier to participate in.