Rule Changes: Open

Improvements to Natural Gas Bulletin Board

Reference:
GRC0040
Stage:
Publication of Draft Determination
Proponents:
COAG Energy Council
Project Leader:
Shari Boyd
Date initiated:
14-Jun-2017
Overview

On 11 July 2017, the AEMC published a draft rule determination on a rule change request from the COAG Energy Council to enhance the breadth and accuracy of information provided to the market through the natural gas Bulletin Board.

On 11 July 2017, the AEMC published a draft rule determination on a rule change request from the COAG Energy Council to enhance the breadth and accuracy of information provided to the market through the natural gas Bulletin Board.

The draft rule is the same as the proposed rule submitted as part of the rule change request.

 Stakeholders are invited to make submissions in response to the draft rule determination and draft rule by Tuesday, 22 August 2017.

Background

On 18 April 2017 the AEMC received a rule change request from the COAG Energy Council in relation to improvements to the natural gas Bulletin Board.

The rule change request would amend Part 18 of the National Gas Rules (NGR). The purpose of the request is to:

  • clarify the purpose of the Bulletin Board
  • remove the current zonal model and establish a new reporting model
  • exempt remote and non-connected pipelines from reporting obligations
  • include regional pipelines and facilities and facilities attached to distribution pipelines
  • establish a new registration framework and threshold
  • include a reporting standard
  • remove the market participant and Australian Energy Market Operator (AEMO) cost recovery provisions
  • add a new biennial reporting requirement for AEMO.

Fast-track process

On 13 June 2017 the Commission initiated the rule change request under the fast-track process. Under the fast-track process there was no first round consultation.

The rule change request was fast-tracked as it reflects the recommendations contained in the Final Report – Information Provision, East Coast Wholesale Gas Market and Pipeline Frameworks Review. Further, the AEMC consulted extensively with stakeholders on the subject matter, recommendations and conclusions contained in the final report as part of the review process.

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