The AEMC has calculated the market price cap (MPC) and cumulative price threshold (CPT) to apply in the National Electricity Market for the 2013-2014 financial year.
In accordance with the requirements under the National Electricity Rules (NER), the MPC and CPT are subject to indexation each financial year. The AEMC is to calculate the values to apply using the formulae set out under the NER and publish the values in a ‘schedule of reliability settings’. The AEMC has completed the calculation of the MPC and CPT to apply for the 2013-2014 financial year. From 1 July 2013 the MPC will increase from $12,900/MWh to $13,100/MWh and the CPT will increase from $193,900 to $197,100. Details of the calculations are set out in the schedule of reliability settings.