COAG Decision Regulation Impact Statement – Australian Energy Market Commission
On 10 September 2020, the Australian Energy Market Commission (AEMC) released the final rule National Electricity Amendment (Changes to Intervention Mechanisms) Rule 2020.
The AEMC has made a final rule that amends the National Electricity Rules (NER) to improve the efficiency and clarity of intervention mechanisms. The final rule removes the mandatory restrictions framework and the obligation to counteract during an intervention and clarifies the basis for affected participant compensation cost recovery following activation of emergency reserves under the reliability and emergency reserve trader (RERT).
The reasons for the decision and the relationship to achieving the National Electricity Objectives are set out in the attached rule determination.
The National Electricity Amendment (Changes to Intervention Mechanisms) Rule 2020 has been assessed by the Office of Best Practice Regulation as compliant with requirements for a Council of Australian Government’s Decision RIS.
Please note: any accessibility queries should be directed to the Australian Energy Market Commission