The Australian Energy Market Commission (AEMC) wishes to advise that eligible parties who incur a net loss during the current administered price period in South Australia can apply for administered price cap (APC) compensation through the AEMC.
The Australian Energy Market Operator (AEMO) determined that an administered price period commenced at the trading interval starting 1300 on 14 November 2022 in the SA region. An APC of $300/MWh will apply to all trading intervals during this administered price period.
This APC only applies to market ancillary service prices in the SA region. The APC does not currently apply to spot prices as the cumulative price for energy has not exceeded the cumulative price threshold.
Eligible parties that incur a net loss during an administered price period can apply for APC compensation through the Australian Energy Market Commission (AEMC).
Eligible parties in these circumstances are ancillary service providers. Ancillary service providers (including demand response service providers) can claim compensation if they provided market ancillary services during an administered price period and incurred a net loss. That is, their direct and/or opportunity costs exceeded their total revenue from the ancillary market over an entire “eligibility period”.
Claimants must notify the AEMO and the AEMC in writing that it is making a claim within five business days of the end of the administered price period. We will notify the participants when this administered price period ends (and the five-business day requirement begins) via a media release on the AEMC website.
You can access more information on:
Steps for claiming compensation.
For additional information please contact applications@aemc.gov.au.
Media: Jessica Rich, 0459 918 964, media@aemc.gov.au