Rule Change: Open
On 24 September 2020 the AEMC published a consultation paper to improve the definition of unserved energy, including the transparency of the unserved energy calculation and the clarity of the framework that underpins the calculation.
The rule change aims to achieve two outcomes:
- clarify what counts towards unserved energy for the purposes of the reliability standard, and
- promote transparency with regard to how unserved energy is calculated after involuntary load shedding has occurred.
The scope of this rule change only extends to the transparency and clarity of the ex-post calculation of unserved energy. It does not consider the reliability standard.
The AEMC proposes to expedite this rule change on the basis that the rule is non-controversial.
On 1 August 2019, The Reliability Panel published its final report of the Review of the Definition of Unserved Energy.
The Panel concluded that the definition of unserved energy for the purposes of the reliability standard is largely fit for purpose for the existing national electricity market environment.
However, the Panel identified areas where there was room for improvement with respect to information provision, clarity and transparency around how unserved energy is calculated.
One of the outcomes of the review was this rule change request, which was submitted to the AEMC on the same date of the publication of the final report of the review.
The initiation of this rule change request was delayed as part of the joint market body prioritisation framework submitted to the Commonwealth Minister for Energy and Emissions Reduction in April 2020 in order to ease regulatory pressure on the energy sector during the COVID-19 crisis.
Submissions are invited from stakeholders on the matters identified in the consultation paper, and any other relevant issue by 22 October 2020.
Written requests objecting to use the expedited process need to be received by 8 October 2020.
A final determination is expected to be published by 19 November 2020.