The AEMC today released a consultation paper on the introduction of a forward trading market for physical gas traded on the Victorian declared wholesale gas market (DWGM). The rule change proposal was submitted by the Victorian Minister for Energy, Environment and Climate Change.
The rule change seeks to improve spot price risk management options for participants in the DWGM by creating a market for the forward trade of physical gas. The consultation paper released today sets out issues that will be considered by the AEMC and seeks stakeholder feedback on the issues raised.
This rule change is one of three proposed by the Victorian Minister for Energy, Environment and Climate change, and all three rule changes were based on recommendations in the AEMC’s 2017 Review of the Victorian declared wholesale gas market.
Submissions on the consultation paper are due by 5pm Friday 26 April 2019.