The AEMC has released a consultation paper on a rule change request from the Australian Energy Market Operator (AEMO) to amend the National Electricity Rules (NER) in relation to the application of offsets in the prudential margin calculation. The prudential margin forms a part of the overall level of credit support provided by a Market Participant to AEMO, and protects against the risk of a payment shortfall, in the event of a Market Participant’s default, to the remaining Market Participants who are net creditors in the National Electricity Market.
The consultation paper has been prepared to facilitate public consultation on the rule change proposal and to seek stakeholder submissions.
Stakeholders are invited to make submissions on this rule change proposal by 4 February 2016.
For information contact: Media: Communication Manager, Prudence Anderson 0404 821 935 or (02) 8296 7817