COAG Decision Regulation Impact Statement – Australian Energy Market Commission
On 17 December 2020, the Australian Energy Market Commission (AEMC) released the final rule determination and rule titled National Electricity Amendment (Compensation for Services other than Energy and Market Ancillary Services) Rule 2020.
The AEMC has satisfied itself that the final rule promotes the interests of consumers, reduces administrative burden on AEMO and registered participants, and improves transparency, predictability, consistency and the allocation of risk.
The final rule will commence operation on 21 March 2021 to allow a period of three months for AEMO to adjust its processes and procedures to implement the rule.
The AEMC has satisfied itself that the final rule will better contribute to the achievement of the National Electricity Objective (NEO).
The National Electricity Amendment (Compensation for Services other than Energy and Market Ancillary Services) Rule 2020 has been assessed by the Office of Best Practice Regulation as compliant with requirements for a Council of Australian Governments Decision RIS.
Please note: any accessibility queries should be directed to the Australian Energy Market Commission