National Electricity and Gas rules update: March 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 month of March, as well as take a closer look at the AER's review of its Compliance Procedures and Guidelines.

Key takeaways

National electricity rules

  • One new rule change request:
    • Providing flexibility in the allocation of interconnector costs.
  • One new draft determination:
    • Enhancing investment certainty in the R1 process.
  • Seven completed rule changes:
    • Improving security frameworks for the energy transition.
    • Accommodating financeability in the regulatory framework.
    • Sharing concessional finance benefits with consumers.
    • Enhancing reserve information (formerly Operating reserves).
    • Resetting Powerlink’s system strength unit prices.
    • Improving the workability of the feedback loop.
    • Clarifying mandatory primary frequency response obligations for bidirectional plant.

National energy retail rules

  • There have been no new rule change requests, draft determinations or completed rule changes since the last update.

National gas rules

  • One completed rule change:
    • Compensation and dispute resolution frameworks.

Opportunities for stakeholders

  • Due by 18 April 2024:
    • Enhancing investment certainty in the R1 process.

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