Vector joins Unison, Horizon, Powerco, Our Energy to launch New Zealand local flexibility market Localflex

• Vector joined Unison, Horizon, Powerco, market operator Our Energy to launch Localflex, New Zealand’s first local flexibility market, on Aug. 11, 2026.
• Partnership aims to procure local demand-side flexibility to ease network congestion, defer some capex, support affordability as electrification lifts peak demand.
• First live auctions run Aug. 19-Sept. 2, 2026, enabling pre-qualified providers to bid flexibility from distributed resources or controllable load.
• Model mirrors UK flexibility markets, using standardized products and shared network data developed over 18 months of cross-sector collaboration.
• Initial results, next steps expected in late September.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vector Limited published the original content used to generate this news brief on August 10, 2026, and is solely responsible for the information contained therein.