The Electricity Authority says trading on the electricity hedge market has reached its first target.
The market allows buying and selling of electricity at a future date to reduce volatility in prices, but traders have criticised a wide spread between prices on the market, and the limited volumes of electricity on offer.
So the Government set targets for the amount of electricity to be offered on the market - the first of which was at least 1000 gigawatt hours by the start of December.
The EA says that target was met on 25 November. The target increases to 2000 by March and 3000 by June next year.
