The AEMC today called for submissions on a draft rule related to a rule change request received from the Australian Energy Market Operator (AEMO) addressing the classification and allocation of market benefit instruments in the Victorian Declared Wholesale Gas Market (Victorian DWGM).

The draft rule, which is a more preferable rule, addresses the type of market benefit instruments created from an extension or expansion of the Victorian DTS and the party responsible for undertaking the allocation process for the instruments that become available. In addition, the draft rule provides that AEMO must offset the costs of operating the Victorian DWGM with any proceeds received from its allocation process and that it must provide a minimum of twenty business days’ notice prior to undertaking the allocation process.

The AEMC considers that the draft rule, if implemented, would promote regulatory certainty, increase timely provision of information and promote an efficient allocation process.

Submission on the draft determination, including the draft more preferable rule are due by Thursday 28 January 2016.

For information contact: Media: Communication Manager, Prudence Anderson 0404 821 935 or (02) 8296 7817