The National Electricity Rules (NER) under clause 3.14.6 and the Australian Energy Market Commission (AEMC) compensation guidelines set out a process for eligible market participants to claim compensation for any losses during an administered pricing period where the administered price cap (APC) or an administered floor price is applied.

June 2022 administered pricing event

This page includes information about the administered pricing compensation process for the administered price periods that occurred across the national electricity market between 12 and 15 June 2022.

The compensation arrangements are designed to maintain the incentive for participants to supply services while administered pricing is effective. It does this by enabling generators and other eligible parties to claim compensation for direct costs and opportunity costs.

This is a process run independently by the AEMC. 

Administered pricing periods

An administered price period occurs when the rolling seven-day average of wholesale spot prices breaches the cumulative prices threshold (CPT).

The CPT is based on five-minute prices and, at the time of the June 2022 administered pricing event, was set at $1,359,100. This was the equivalent of the spot price being set at the (then) Market Price Cap (MPC) of $15,100/MWh, continuously, for 7.5 hours.

Under the NER the MPC and CPT must be adjusted in line with the consumer price index each year. As of 1 July 2022, the CPT is now set at $1,398,100, and the MPC is now $15,500/MWh

The CPT is designed to protect customers from extended high price periods. During administered price periods, the spot price is collared in the region between the administered floor price of -$300 per MWh and the administered price cap of $300 per MWh.

Notice of receipt of claims for June 2022 administered pricing periods

The AEMC has published the following notices of claims.

You can find more information about making an administered price cap claim.

A separate rule change process is currently underway to assess a proposal from Alinta Energy Pty Ltd to amend the administered price. . The rule change process will not impact the assessment of or determination of compensation claims made in relation to the June 2022 administered pricing event. 

Status of claims

Last updated: 15 September 2022

More information can be found on individual claims pages by clicking the hyperlinks in the table below. Individual claims pages will be added as claims commence. 

Claimant

Type of claim

Status of claim 

Project code

Accel Energy Retail Pty Ltd

Direct cost

Awaiting information from claimant.

CRP0131

Opportunity costs

Awaiting information from claimant.

 

AGL Hydro Partnership

Direct cost

Awaiting information from claimant.

.

CRP0132

Opportunity costs

Awaiting information from claimant.

 

AGL Loy Yang Marketing Pty Ltd

Direct cost

Awaiting information from claimant.

CRP0134

Opportunity costs

Awaiting information from claimant.

 

AGL Macquarie Pty Ltd

Direct cost

Awaiting information from claimant.

CRP0135

Opportunity costs

Awaiting information from claimant.

 

AGL SA Generation Pty Ltd

Direct cost

Awaiting information from claimant.

CRP0136

Opportunity costs

Awaiting information from claimant.

 

Aurora Energy (Tamar Valley) Pty Ltd trading as AETV Power

Direct cost

Supporting information received

CRP0143

Basslink Pty Ltd

Direct cost

Commenced formal assessment.

CRP0144

Opportunity costs

Awaiting information from claimant.

 

Braemar Power Project Pty Ltd

Direct cost

Supporting information received

CRP0141

CleanCo Queensland Limited

Direct cost

Awaiting information from claimant.

CRP0145

Opportunity costs

Awaiting information from claimant.

 

Delta Electricity/ Sunset Power International Pty Ltd

Direct cost

Awaiting information from claimant.

CRP0142

Opportunity costs

Awaiting information from claimant.

 

Diamond Energy Pty Ltd

Opportunity costs

Supporting information received

CRP0153

EnergyAustralia Yallourn Pty Ltd

Direct cost

Awaiting information from claimant.

CRP0147

Opportunity costs

Awaiting information from claimant.

 

EnergyAustralia Pty Ltd

Direct cost

Awaiting information from claimant.

CRP0148

Opportunity costs

Awaiting information from claimant.

 

EnergyAustralia Ecogen Pty Ltd

Direct cost

Awaiting information from claimant.

CRP0146

Opportunity costs

Awaiting information from claimant.

 

Ergon Energy Queensland Pty Ltd

Direct cost

Awaiting information from claimant.

CRP0149

Iberdrola Australia Wallgrove Pty Ltd

Opportunity costs

Awaiting information from claimant.

CRP0130

Lake Bonney Wind Power Pty Ltd

Opportunity costs

Awaiting information from claimant.

CRP0133

Origin Energy Electricity Limited

Direct cost

Commenced formal assessment.

CRP0137

Opportunity costs

Awaiting information from claimant.

 

Pelican Point Power Pty Ltd

Direct cost

Awaiting information from claimant.

CRP0138

Opportunity costs

Awaiting information from claimant.

Shell Energy Pty Ltd

Direct cost

Supporting information received

CRP0150

Smithfield Power Generation Pty Ltd

Direct cost

Commenced formal assessment.

CRP0129

Snowy Hydro Limited

Direct cost

Awaiting information from claimant.

CRP0140

Opportunity costs

Awaiting information from claimant.

 

Synergen Power Pty Ltd

Direct cost

Awaiting information from claimant.

CRP0139