The National Electricity Rules (NER) under clause 3.14.6 and the Australian Energy Market Commission (AEMC) compensation guidelines that were in place in June 2022 set out a process for eligible market participants to claim compensation for any losses during an administered pricing period where the administered price cap (APC) or an administered floor price is applied. The process is run independently by the AEMC. 

Compensation claims made under NER clause 3.14.6 are assessed and determined based on the APC, administered floor price and AEMC compensation guidelines in place at the time of the relevant administered price period. 

June 2022 administered pricing event

This page includes information about the administered pricing compensation process for the administered price periods that occurred across the national electricity market between 12 and 15 June 2022.

In June 2022, the APC was $300/MWh, the administered price floor was -$300/MWh, the cumulative price threshold (CPT) was set at $1,359,100 and the market price cap (MPC) was set at $15,100/MWh. The October 2021 version of the AEMC compensation guidelines applies to the assessment and determination of compensation claims made in relation to this event. 

The compensation arrangements are designed to maintain the incentive for participants to supply services while administered pricing is effective. It does this by enabling generators and other eligible parties to claim compensation for direct costs and opportunity costs.

Notice of receipt of claims for June 2022 administered pricing periods

The AEMC has published the following notices of claims.

You can find more information about making an administered price cap claim.

The AEMC has published final decisions on three claims to date

The Commission has assessed the first few claims for administered pricing compensation following the market event in June 2022.  The Commission’s final decisions are available on individual claims pages by clicking the hyperlinks in the table below for claims marked as ‘Final decision published’.

Aspects of these decisions may be relevant if you provided notification of an intent to claim compensation and are yet to submit supporting information. Once received, the Commission will consider the merits of each claim on a case-by-case basis. 

For claims covering the market suspension period, the Commission notes that based on the submissions and supporting information provided by claimants to date, claimants are not eligible for administered pricing compensation after the end of the 15 June 2022 trading day. This is because while the market was suspended, the spot price was set according to AEMO’s market suspension pricing schedule and not by the APC.  In such periods, market participants may be entitled to compensation payments under another scheme that is administered by AEMO.

We recognise that there may have been confusion due to the differing compensation schemes that apply in different circumstances and administered by two different agencies. The AEMC is responsible for administering the administered pricing compensation scheme and is unable to consider claims for compensation under AEMO’s market compensation scheme. It is the responsibility of market participants to seek compensation under the appropriate scheme relevant to the circumstances that exist at the time.

Status of claims

Last updated: 22 December 2022

More information can be found on individual claims pages by clicking the hyperlinks in the table below. Individual claims pages will be added as claims commence. 

Claimant

Type of claim

Status of claim 

Project code

Accel Energy Retail Pty Ltd

Direct cost

Withdrawn.

CRP0131

Opportunity costs

Withdrawn.

 

AGL Hydro Partnership

Direct cost

Withdrawn.

.

CRP0132

Opportunity costs

Withdrawn

 

AGL Loy Yang Marketing Pty Ltd

Direct cost

Withdrawn.

CRP0134

Opportunity costs

Withdrawn.

 

AGL Macquarie Pty Ltd

Direct cost

Withdrawn.

CRP0135

Opportunity costs

Withdrawn.

 

AGL SA Generation Pty Ltd

Direct cost

Withdrawn.

CRP0136

Opportunity costs

Withdrawn.

 

Aurora Energy (Tamar Valley) Pty Ltd trading as AETV Power

Direct cost

Commenced formal assessment.

CRP0143

Basslink Pty Ltd

Direct cost

Final decision made.

CRP0144

Opportunity costs

Awaiting information from claimant.

 

Braemar Power Project Pty Ltd

Direct cost

Commenced formal assessment.

CRP0141

CleanCo Queensland Limited

Direct cost

Awaiting information from claimant.

CRP0145

Opportunity costs

Awaiting information from claimant.

 

Delta Electricity/ Sunset Power International Pty Ltd

Direct cost

Withdrawn.

CRP0142

Opportunity costs

Supporting information received.

 

Diamond Energy Pty Ltd

Opportunity costs

Not commenced - information not sufficient.

CRP0153

EnergyAustralia Yallourn Pty Ltd

Direct cost

Awaiting information from claimant.

CRP0147

Opportunity costs

Awaiting information from claimant.

 

EnergyAustralia Pty Ltd

Direct cost

Awaiting information from claimant.

CRP0148

Opportunity costs

Awaiting information from claimant.

 

EnergyAustralia Ecogen Pty Ltd

Direct cost

Awaiting information from claimant.

CRP0146

Opportunity costs

Awaiting information from claimant.

 

Ergon Energy Queensland Pty Ltd

Direct cost

Awaiting information from claimant.

CRP0149

Iberdrola Australia Wallgrove Pty Ltd

Opportunity costs

Awaiting information from claimant.

CRP0130

Lake Bonney Wind Power Pty Ltd

Opportunity costs

Awaiting information from claimant.

CRP0133

Origin Energy Electricity Limited

Direct cost

Final decision made.

CRP0137

Opportunity costs

Awaiting information from claimant.

 

Pelican Point Power Pty Ltd

Direct cost

Withdrawn.

CRP0138

Opportunity costs

Withdrawn.

Shell Energy Pty Ltd

Direct cost

Commenced formal assessment.

CRP0150

Smithfield Power Generation Pty Ltd

Direct cost

Final decision published.

CRP0129

Snowy Hydro Limited

Direct cost

Supporting information received.

CRP0140

Opportunity costs

Supporting information received.

 

Synergen Power Pty Ltd

Direct cost

Withdrawn.

CRP0139