The AEMC has today made a rule requiring gas companies to provide more information on their operations to the east coast market – contributing to increased transparency.
This rule request from the COAG Energy Council addresses the market development priority to improve how gas is bought and sold, making it easier to get gas to where it is most valued.
The rule specifically addresses information provided to the market via the Natural Gas Services Bulletin Board and responds to concerns that the information currently provided is inadequate to support efficient decision making in an evolving market where gas and pipeline capacity are more actively traded.
The rule requires additional information to be reported by gas transmission pipeline, production facility and storage facility operators. The additional information includes outlooks of uncontracted pipeline and storage capacity, more detailed facility data, additional gas flow data and more information on the operation of gas storage facilities.
The new rule comes into effect from 6 October 2016.
This rule change process has been conducted in coordination with the ongoing East Coast Wholesale Gas Market and Pipelines Framework Review.
Media: Communication Manager, Prudence Anderson 0404 821 935 or (02) 8296 7817