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26

Initiation of AEMC initiated minor rule change

10 April 2014

These Rule changes are being initiated by the AEMC to correct minor errors and make non-material changes to the National Electricity Rules and the National Gas Rules (the Rules) to improve their quality.

As with previous AEMC initiated rules, these minor corrections and non-material changes will make the Rules clearer to stakeholders.

This Rule proposal seeks to:

  • correct several minor errors, including formatting, typographical and cross referencing anomalies in the Rules;
  • omit Chapter 10 definitions that are not used in the NER;
  • insert notes relating to civil penalty and conduct provisions in the NGR;
  • remove expired provisions from the Rules; and
  •  insert notes to assist readers of the Rules to find information on the current values of the market price cap and cumulative price threshold.

Any written objections to the expedited process must be received by 24 April 2014.

The Commission invites parties to provide submissions on the proposal by 8 May 2014.

Final determination made on STTM settlement surplus and shortfall

03 April 2014

On 3 April 2014, the AEMC made a final rule determination on the Short Term Trading Market (STTM) Settlement Surplus and Shortfall rule change request. The rule as made sets out a clear principle for differentiating the allocation of STTM settlement surpluses and shortfalls to Trading Participants arising from circumstances within, and not within, their reasonable control.

 

 

New version 20 of the National Gas Rules

01 April 2014

On 1 April 2014, the Commission published Version 20 of the National Gas Rules to incorporate the following Rules:

  • National Gas Amendment (Publication of the GSOO and gas VAPR) Rule 2014 No. 1
  • National Gas Amendment (Market Operator Service - timing and eligibility) Rule 2013 No. 2
     

National Gas Bulletin Board Capacity Outlooks rule change request to be assessed as a non-controversial rule under an expedited rule making process

31 March 2014

The AEMC has received one written stakeholder objection to this rule change request being treated as non-controversial, and so assessed under the expedited rule making process. The Commission has considered and determined this objection to be lacking in substance. Therefore, this rule change request will continue to be assessed as a non-controversial rule under an expedited rule making process.

 

Consultation paper published on Portfolio Rights Trading

13 March 2014

The proposal, submitted by the Australian Energy Market Operator and applicable to the Victorian declared wholesale gas market, seeks to facilitate the trade of the financial benefits associated with holding authorised MDQ and AMDQ credit certificates.

The closing date for submissions on the rule change request and consultation paper is 10 April 2014.

Final determination made on Publication of the GSOO and gas VAPR

13 March 2014

On 13 March 2014, the AEMC published the final rule determination and final rule on AEMO’s Publication of the Gas Statement of Opportunities (GSOO) and gas Victorian Annual Planning Report (VAPR) rule change proposal. The AEMC decided to change and align the publication dates of the GSOO and gas VAPR to 31 March of a given year and reduce the publication frequency of the gas VAPR to once every two years. The final rule commences on 1 April 2014.

Consultation paper published on STTM Settlement Surplus and Shortfall

20 February 2014

On 20 February 2014, the AEMC commenced consultation on the Short Term Trading Market Settlement Surplus and Shortfall rule change request. The AEMC will assess this National Gas Rule change request under an expedited rule change process, subject to any written objections received by 6 March 2014.

Consultation paper published on Publication of the GSOO and gas VAPR

30 January 2014

On 30 January 2014, the AEMC commenced consultation on AEMO’s Publication of the GSOO and gas VAPR rule change proposal. This rule change proposal will be assessed as a non-controversial rule under an expedited rule change process unless the AEMC receives any written objections. Objections to the expedited rule change process are due by 13 February 2014. Submissions on the rule change proposal are due by 27 February 2014.

 

AEMC starts new annual retail competition review

17 January 2014

The AEMC has published the terms of reference and its approach paper for the 2014 retail competition review. The review will assess the status of competition in retail electricity and gas markets for small customers in all jurisdictions in the National Electricity Market (NEM).

This is the first review under a revised approach agreed by the Standing Council on Energy and Resources and the Council of Australian Governments, where the AEMC will assess competition in all NEM jurisdictions each year. These reviews support the commitment made by jurisdictions in 2004 under the Australian Energy Market Agreement to deregulate retail energy prices where effective competition can be demonstrated.

The AEMC has published an approach paper setting out how we will conduct the 2014 review. As part of this review, we are seeking stakeholder views on the level of competition in each jurisdiction. We are particularly interested in stakeholder responses to a series of questions set out in the approach paper published today. Submissions are requested by 28 February 2014.

The AEMC plans to meet with key stakeholders during the first quarter of 2014 to discuss the review and seek their input. This will include consumer groups, retailers, ombudsmen, pricing regulators and jurisdictional governments. In addition, we invite any stakeholders to contact the AEMC if interested in meeting to discuss any aspect of this review.

Final determination made on Victorian jurisdictional derogation, advanced metering infrastructure

28 November 2013

The AEMC has made a final determination in relation to a Victorian jurisdictional derogation. Distribution businesses will remain exclusively responsible for providing advanced metering infrastructure to Victorian small electricity customers for the duration of the derogation.

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