INSIGHT

National Electricity and Gas rules update: November and December 2024

By Kate Axup, Tom St John, Emily Graham
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 months of November and December and take a closer look at the Australian Government's formation of a panel to overhaul the NEM. 

Key takeaways 

National electricity rules

  • Two new rule change requests
    • South Australian jurisdictional derogation – Interim reliability reserve eligibility.
    • Improving the NEM access standards – Package 1.
  • Three new draft determinations
    • Improving the NEM access standards – Package 1.
    • Improving the cost recovery arrangements for Transmission non-network options.
    • Inter-regional settlements residue arrangements for transmission loops.
  • Eight completed rule changes
    • Improving consideration of demand-side factors in the ISP.
    • Better integrating gas and community sentiment into the ISP.
    • Integrating price-responsive resources into the NEM.
    • Cyber security roles and responsibilities.
    • Shortening the settlement cycle.
    • Rescheduling the generator compliance programs review.
    • Accelerating smart meter deployment.
    • RRO exemption for scheduled bi-directional units.

National energy retail rules

  • Five new rule change requests
    • Removing fees and charges.
    • Ensuring energy plan benefits last the length of the contract.
    • Removing unreasonable conditional discounts.
    • Preventing price increases for a fixed period under retail market contracts.
    • Assisting hardship customers.
  • One completed rule change
    • Accelerating smart meter deployment.

National gas rules

  • One completed rule change
    • Better integrating gas and community sentiment into the ISP (Gas).

Opportunities for stakeholders

  • Due by 30 January 2025
    • Improving the NEM access standards – Package 1.
    • Improving the cost recovery arrangements for Transmission non-network options.
    • Inter-regional settlement residue arrangements for transmission loops.
  • Due by 5 February 2025
    • Efficient provision of inertia.

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