INSIGHT

National Electricity and Gas rules update: December 2023 and January 2024

By Kate Axup, Lauren Rosillo
Energy Oil & Gas

Key changes to energy rules

In our latest update [PDF], we examine the progress of new and existing rule change requests to the AEMC across the months of December and January, as well as take a closer look at the AEMC's review of the electricity compensation frameworks in the NER.

Key takeaways

National electricity rules

  • Two new rule change requests:
    • Resetting Powerlink’s system strength unit prices.
    • Expanding the transmission ring-fencing framework.
  • Four new draft determinations:
    • Improving the workability of the feedback loop.
    • Accommodating financeability in the regulatory framework.
    • Sharing concessional finance benefits with consumers.
    • Enhancing reserve information.
  • Two completed rule changes:
    • Harmonising the national energy rules with the updated national energy objectives (electricity).
    • Amendment of the Market Price Cap, Cumulative Price Threshold and Administered Price Cap.

National energy retail rules

  • One new completed rule change:
    • Harmonising the national energy rules with the updated national energy objectives (retail).

National gas rules

  • One new completed rule change:
    • Harmonising the national energy rules with the updated national energy objectives (gas).

Opportunities for stakeholders

No opportunities for submissions.

 

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