Status of compensation claim: Final decision
Overview
On 22 June 2022, the Australian Energy Market Commission (AEMC) received notification of a claim for compensation under clause 3.14.6 of the National Electricity Rules (NER) from Aurora Energy (Tamar Valley) Pty Ltd trading as AETV Power following the application of the administered price cap during an administered price period in Queensland, New South Wales, South Australia and Victoria between 12 June 2022 and 23 June 2022.
Aurora Energy (Tamar Valley) Pty Ltd trading as AETV Power claimed compensation for direct costs incurred in operating Bairnsdale Power Station unit 1 (BDL01) during the administered price period.
Aurora Energy (Tamar Valley) Pty Ltd trading as AETV Power provided information in support of its claim on 1 August 2022.
Commencement of formal assessment
On 20 October 2022, the AEMC commenced formal assessment of the direct cost claim made by Aurora Energy (Tamar Valley) Pty Ltd trading as AETV Power under clause 3.14.6(k) of the NER.
Under the NER, the AEMC has 45 business days to make a final decision in relation to this claim.
The statutory notice of commencement is published below.
On 22 December 2022, the AEMC extended the timeframe for making a final decision on the Aurora Energy (Tamar Valley) trading as AETV Power’s direct cost claim until 23 February 2023 due to the complexity of assessing the claim.
On 22 February 2023, the AEMC further extended the timeframe for making a final decision on the Aurora Energy (Tamar Valley) trading as AETV Power’s direct cost claim until 23 March 2023 due to the complexity of assessing the claim.
The statutory notices of extension are published below.
Final determination
On 23 March 2023, the Commission published its final decision stating that Aurora Energy (Tamar Valley) Pty Ltd trading as AETV Power is entitled to compensation in respect of its compensation claim for direct costs following the application of the administered price cap during an administered price period in Queensland, New South Wales and Victoria between 12 June 2022 and 15 June 2022. The amount of compensation that Aurora Energy (Tamar Valley) trading as AETV Powers is entitled to is $206,575.
For more information, see the final decision document published below.
Note: Aurora Energy (Tamar Valley) Pty Ltd trading as AETV Power made a claim for confidentiality in respect of specific elements of its claim. The basis for seeking confidentiality is that the information is commercially sensitive. The decision document, therefore, redacts this information.