The AEMC has today released a consultation paper on a request to extend the time AEMO has to determine whether an unintended scheduling result took place in the Victorian Declared Wholesale Gas Market. By extending the timeframe, AEMO will be able to incorporate final settlement data into its decision making process.
Under the National Gas Rules, market participants in the Victorian Declared Wholesale Gas Market may be eligible for compensation if an unintended scheduling result has occurred.
The AEMC has commenced an expedited rule making process on the grounds that the rule change request is a request for a non-controversial rule. Under an expedited rule making process, a final rule determination must be made within six weeks of the initiation of the process.
The consultation paper seeks submissions on:
- objections to the treatment of the rule change request through the expedited rule making process under s. 304 of the National Gas Law
- the merits of the rule change itself.
Written requests not to make a rule under the expedited process must include reasons for the request, and must be lodged with the AEMC by 3 October 2017.
Written submissions on the rule change request must be lodged with AEMC by 17 October 2017.
Media: Prudence Anderson Communications Director, 0404 821 935 or DL (02) 8296 7817