Australian electricity and gas markets – May 2024 Update
06 June 2024
On 9 May 2024, the Australian Energy Market Commission (AEMC) published a draft determination and draft rule on its Managing ISP project uncertainty through targeted ex post reviews rule change. The new rule:
Interested stakeholders are invited to respond to the draft rule change by 20 June 2024.
On 23 May 2024, the AEMC published a draft determination and draft rule on its Bringing early works forward to improve transmission planning rule change. The new rule:
The AEMC invites stakeholders to respond to the draft rule change by 4 July 2024.
On 24 April 2024, the AEMC published its Consultation Paper on transmission access reform (TAR). This paper was published as part of an ongoing review into transmission network congestion. The proposed reforms seek to implement:
For more detail on the AEMC's paper and its implications for existing and future generation and energy storage participants in the National Electricity Market (NEM), please see our article here.
No rule change requests were initiated in May 2024. No AEMC determinations relevant to the National Energy Retail Rules were published either.
No rule change requests were initiated in May 2024. No AEMC determinations relevant to the National Gas Rules were published either.
The AER is seeking stakeholder feedback on its:
AEMO released an Update to the 2023 Electricity Statement of Opportunities on 21 May 2024. The Update reassess the supply and demand outlook for the NEM based on new information including:
Authors: Dale Gill, Partner; Andre Dauwalder, Counsel; Alexandria Brown, Lawyer; Murray Rissik, Graduate and Ethan Low, Paralegal.
The information provided is not intended to be a comprehensive review of all developments in the law and practice, or to cover all aspects of those referred to.
Readers should take legal advice before applying it to specific issues or transactions.