On 4 January 2011, AEMO submitted a Rule change proposal entitled ‘Application and operation of Administered Price Periods'.
AEMO submitted this Rule change proposal to address a perceived ambiguity in the National Electricity Rules (Rules) with respect to the application and operation of Administered Price Periods (APPs) triggered by high ancillary service prices.
Furthermore, the Rule change proposal seeks to:
- remove or amend AEMO's discretion to continue an Administered Price Period (APP) into the next trading day;
- extend the timeframe for the settlement of compensation arising from the imposition of price caps and price floors;
- and make some non-material amendments to achieve consistency in the NER.
The Commission invites submissions from interested parties on the Rule change proposal and Consultation Paper by 12 May 2011.