Australian electricity and gas markets – September 2024 Update
04 October 2024
04 October 2024
Stakeholders should note the market updates below, and note any impacts on their compliance obligations.
On 5 September 2024, the Australian Energy Market Commission (AEMC) released a more preferrable final rule and final determination for its Bringing early works forward to improve transmission planning rule change. The rule change:
The rule change had immediate effect from 5 September 2024.
On 26 September 2024, the AEMC released a draft rule and draft determination to formalise the role of the Australian Energy Market Operator (AEMO) in maintaining the cyber security of our electricity system. Currently, AEMO's role in preparing for potential cybersecurity incidents and maintaining the cyber security of the National Electricity Market (NEM) is not explicitly defined in the National Electricity Rules. Under the draft rule, AEMO must:
The AEMC is seeking feedback on its draft rule by 7 November 2024.
On 26 September 2024, the AEMC released a draft electricity rule and draft determination for its Better integrating gas and community sentiment into the ISP rule change. The draft electricity rule requires AEMO to include the following details in the ISP:
The AEMC is seeking feedback on its draft rule by 7 November 2024.
On 26 September 2024, the AEMC released its more preferable draft rule and draft determination for its Improving consideration of demand-side factors in the ISP rule change. The draft rule obliges:
The AEMC is seeking feedback on its draft rule by 7 November 2024.
No energy retail rule change requests were initiated in September 2024. No AEMC determinations relevant to the National Energy Retail Rules were published.
On 26 September 2024, the AEMC released a draft gas rule and draft determination for its Better integrating gas and community sentiment into the ISP rule change. The draft gas rule allows AEMO to use information collected under the National Gas Rules in performing its National Transmission Planner functions;
The AEMC is seeking feedback on its draft rule by 7 November 2024.
The AER is seeking feedback on its:
The AER also released its 2024 Electricity and gas networks performance report.
Authors: Dan Brown, Partner; Dale Gill, Partner; Paul Newman, Consultant; Carl Franzmann, 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.