Stock exchange operator NZX will take on a new role in the electricity sector.
It has been chosen by the Electricity Authority to become what is called the extended reserve manager, responsible for managing the electricity system in the event of a sudden loss of generation.
NZX CEO Tim Bennett said this was a world first and provided an additional level of security to New Zealand's electricity supply.
"The Electricity Authority is putting in place a mechanism to determine what to do if there's a sharp reduction in supply ... [by] managing demand," he said.
Mr Bennett said NZX would be consulting this year with electricity players about how such a system would work, and it would be in place next year.