The AEMC has made a final rule to clarify and update provisions in the National Electricity Rules (NER) relating to the Reliability Panel’s governance arrangements.
The Reliability Panel determines standards and some of the guidelines used by AEMO and participants, which help maintain a secure and reliable power system for consumers. Its members represent a range of participants in the national electricity market including consumer groups, generators, network businesses, retailers and AEMO.
The final rule makes some changes to the NER including:
- the ability to nominate an Acting Chair on a standing basis
- clarifying the role of discretionary members and how they are appointed
- the introduction of more streamlined consultation processes where appropriate
- extending the exemption for independence from the system operator to the Panel member representing distribution network service providers
- publishing the Panel’s Annual Market Performance Review on a financial year, rather than calendar year basis, to make it easier for stakeholders to compare information.
The final rule aims to promote effective execution of responsibilities, transparency, and appropriate and timely consultation processes.
The new rule starts on 1 July 2018.
Media: Prudence Anderson, 0404 821 935 or (02) 8296 7817