INSIGHT

National Electricity and Gas rules update: August 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 August, as well as take a closer look at the AER's final decision on retail performance reporting procedures and guidelines.

Key takeaways

National electricity rules

  • Two new rule change requests:
    • Inter-regional settlement residue arrangements for transmission loops
    • Improving the cost recovery arrangements for non-network options
  • Two new draft determinations:
    • Shortening the settlement cycle
    • RRO exemption for scheduled bi-directional units
  • Three completed rule changes:
    • Unlocking CER benefits through flexible trading (Electricity and Retail)
    • Minor changes 2 2024 (Electricity and Retail)
    • Managing ISP project uncertainty through targeted ex post reviews

National energy retail rules

  • Two completed rule changes:
    • Unlocking CER benefits through flexible trading (Electricity and Retail)
    • Minor changes 2 2024 (Electricity and Retail)

National gas rules

  • One completed rule change:
    • Minor changes 2 2024 (Gas)

Opportunities for stakeholders

  • Due by 03 October 2024:
    • Shortening the settlement cycle
  • Due by 10 October 2024:
    • RRO exemption for schedule bi-directional units

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