The Australian Energy Market Commission (AEMC) today published a consultation paper on a rule change proposal from the Australian Energy Market Operator that seeks to assist in implementing five minute settlement and global settlement effectively and efficiently.
The rule change request seeks to change nine areas of the National Electricity Rules. The proposed changes seek to:
- improve wholesale market operations under five minute settlement
- clarify global settlement arrangements
- improve information provision requirements.
The AEMC considers that all proposed amendments are non-controversial. The rule changes involve administrative and technical changes that are mostly minor, and are unlikely to have a significantly effect on the national electricity market.
The Commission will use an expedited process to consider this rule change request, provided that we do not receive any valid requests not to use this process by 27 June 2019.
Submissions on the consultation paper are due by 11 July 2019.
Media: Bronwyn Rosser, Communications Specialist, (02) 8296 7847; 0423 280 341; firstname.lastname@example.org