The Australian Energy Market Commission has made a final rule on the Matched Allocation Process in the Short Term Trading Market rule change.
The Short Term Trading Market facilitates trading of wholesale gas at hubs in Adelaide, Sydney and Brisbane.
The final rule enables Jemena, as the operator of the New South Wales Gas Network, to continue to use either the “matched allocation process”, or the Short Term Trading Market, to manage its daily gas needs for operational requirements.
The matched allocation process enables Jemena to exclude gas, which is used for operational requirements, from settlement in the Sydney Short Term Trading Market.
The matched allocation process was a transitional arrangement in the National Gas Rules that was due to expire on 30 June 2015. The effect of the final rule is to make the matched allocation process a permanent arrangement in the National Gas Rules from 28 May 2015.
The final rule contributes to the National Gas Objective by promoting the efficient operation and use of natural gas services for the long term interest of gas consumers.
For information contact:
Media: Communications Manager, Prudence Anderson 0404 821 935 or (02) 8296 7817