On 15 December 2011, the AEMC published a draft determination on the rule change request from the Reliability Panel in relation to the expiry of the Reliability and Emergency Reserve Trader (RERT), and the obligation placed on the Reliability Panel to review the RERT a year prior to its expiry.
The draft determination proposes to postpone the expiry of the RERT for a period of four years to 30 June 2016, and remove the obligation on the Reliability Panel to review the RERT a year prior to its expiry. Submissions on the draft determination close on 2 February 2012.