Rule Change: Open
The AEMC has initiated a rule change request from the Energy Ministers Sub-Group (Energy Ministers) to consider options to improve the compensation framework for AEMO directions in the east coast gas system (ECGS).
The current compensation framework for the ECGS in the National Gas Rules (NGR) adopts the framework established for the Victorian Declared Wholesale Gas Market (DWGM) to provide an aligned overarching framework for all entities. However, the ECGS covers entities outside the facilitated markets so allows for a wider range of scenarios for potential claims following AEMO intervention.
Energy Ministers have requested the Commission consider how the compensation framework could be refined to consider these diverse potential applications more effectively and efficiently. Energy Ministers have also identified potential opportunities to help the established framework in the NGR operate more efficiently and effectively. Consequential changes to other parts of NGR may also be required, such as the dispute resolution rules and the DWGM rules.
Extension of time for making a draft rule
On 22 August 2023 the Commission extended the period of time for making a draft rule until 9 November 2023.
Over the last year there have been a number of changes to the ECGS to address security and reliability threats and better manage volatility in the system. This includes Energy Ministers providing AEMO with obligations to monitor the system, as well as powers to intervene should this be required.