On 1 October 2020, the Australian Energy Market Commission (AEMC) received separate rule change requests from TransGrid and ElectraNet seeking participant derogations from the applicability of the rules in relation to the financeability of their share of actionable Integrated System Plan (ISP) projects.
On 4 February 2021, the AEMC released the draft rule determinations titled National Electricity Amendment (Participant Derogation- Financeability of ISP Projects (Transgrid)) Rule 2021 and National Electricity Amendment (Participant Derogation- Financeability of ISP Projects (ElectraNet)) Rule 2021. The AEMC indicated its intention in both cases was not to make the proposed derogation.
On 8 April 2021, the AEMC released the final rule determinations for this project. The final determinations reflect the proposed direction in the draft determinations to not make the proposed rule changes.
Based on the AEMC’s consultant’s analysis and stakeholder feedback, the Commission believes the regulatory framework does not create a barrier to financing TransGrid or ElectraNet's current share of actionable ISP projects and the application of a different set of Rules to these is not warranted.
The final determinations Participant Derogation- Financeability of ISP Projects (Transgrid) and Participant Derogation- Financeability of ISP Projects (ElectraNet) have 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.