CRP0144 – Basslink Pty Ltd compensation claim

CRP0144 – Basslink Pty Ltd compensation claim

Status of compensation claim: Formal assessment has commenced

Overview

On 22 June 2022, the Australian Energy Market Commission (AEMC) received notification of a claim for compensation under clause 3.14.6 of the National Electricity Rules (NER) from Basslink following the application of the administered price cap during an administered price period in Queensland, New South Wales, Victoria and South Australia between 12 June 2022 and 15 June 2022.

Basslink is claiming compensation for direct costs only incurred in operating the Basslink interconnector during the administered price period.

Basslink provided information in support of its claim on 1 August 2022.

Commencement of formal assessment

On 15 September 2022, the AEMC commenced formal assessment of the direct cost claim made by Basslink Pty Ltd under clause 3.14.6(k) of the NER.

Under the NER, the AEMC has 45 business days to make a final decision in relation to this claim.

The statutory notice of commencement is published below.

The AEMC has extended the timeframe for making a final decision on Basslink's direct cost claim until 22 December 2022 due to the complexity of assessing the claim. The statutory notice of extension is published below.

Title Date
Formal commencement of statutory claim - Basslink Pty Ltd 2022-09-15
Notice of extension - Basslink Pty Ltd 2022-11-17
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