INSIGHT

National Electricity and Gas rules update: February 2024

By Kate Axup, Lauren Rosillo
Energy Oil & Gas

Key changes to energy rules

In our latest update, we examine the progress of new and existing rule change requests to the AEMC across the month of February, as well as take a closer look at AEMO's rule change request in relation to integrating consumer energy resources into the NEM.

Key takeaways

National electricity rules

  • One new rule change request:
    • Shortening the settlement cycle.
  • Two new draft determinations:
    • Expanding the transmission ring-fencing framework.
    • Unlocking CER benefits through flexible trading (electricity and retail).
  • One completed rule change:
    • Calculation of system strength quantity.

National energy retail rules

  • One new draft determination:
    • Unlocking CER benefits through flexible trading (electricity and retail).

National gas rules

  • No new requests, draft determinations or final determinations.

Opportunities for stakeholders

  • Due by 4 April 2024:
    • Shortening the settlement cycle.
    • Expanding the transmission ring-fencing framework.
  • Due by 11 April 2024:
    • Unlocking CER benefits through flexible trading (electricity and retail).

 

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