COAG Consultation Regulation Impact Statement – Australian Energy Market Commission
On 24 September 2020, the Australian Energy Market Commission (AEMC) released a draft rule determination for the National Electricity Amendment (Compensation for Market Participants Affected by Intervention Events) Rule 2020 and a corresponding Draft Rule for consultation.
This draft determination is to make a more preferable draft rule which changes the way that compensation is calculated when market participants are dispatched differently as a result of an AEMO intervention event which triggers intervention pricing.
The draft determination has been assessed by the Office of Best Practice Regulation as compliant with requirements for a Council of Australian Governments Consultation RIS.
Submissions are invited by close of business, 5 November, 2020. More information on the consultation process, including how to make a submission, can be found here.
Please note: the draft determination is web accessible in PDF only and any accessibility queries should be directed to the Australian Energy Market Commission.