The Australian Energy Market Commission has made a draft 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 draft rule would enable Jemena, as the operator of the NSW 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 provisions which allow this in the National Gas Rules are due to expire on 30 June 2015. The Commission’s draft rule would make this a permanent provision in the National Gas Rules.
In turn, the draft rule contributes to the National Gas Objective – promoting the efficient operation and use of natural gas services for the long term interest of gas consumers.
Submissions to the draft rule determination and draft rule close on 23 April 2015.
For information contact:
Media: Communications Manager, Prudence Anderson 0404 821 935 or (02) 8296 7817