Australian electricity and gas markets – September 2023 Update
04 October 2023
04 October 2023
On 14 September 2023, the Australian Energy Market Commission (AEMC):
集市场价格上限和累积价格用力推eshold at the level recommended by the Reliability Panel in the 2022 Reliability Standard and Settings Review adjusted for inflation; and
sets the administered price cap at $600/MWh, which is different from the Reliability Panel's recommendation of $500/MWh but consistent with its current value.
Stakeholders are invited to make submissions untilThursday, 26 October 2023.
On 20 September 2023, the AEMC reported that it is currently investigating options to improve financing arrangements to support the delivery of new transmission projects. The AEMC has extended the period of time for making the draft rule on thefinanceability and concessional finance rule changes requests.The draft rules will now be published onThursday, 16 November 2023.
On 21 September 2023, the AEMC:
On 28 September 2023, the AEMC released adraft reporton improvements to the retailer reliability obligation (RRO). The draft recommendations are designed to improve the RRO by reducing costs for retailers in complying with the RRO and therefore, reducing costs for consumers. Submissions in response to the draft report are being accepted untilThursday, 2 November 2023.
No gas rule change requests were initiated in September. No AEMC determinations relevant to the National Gas Rules were published.
On 27 September 2023, the Australian Energy Market Operator (AEMO) released anupdateto the 2023Electricity Statement of Opportunities(ESOO) to incorporate the 'Extending the application of the IRM to the RRO' rule change.
Further, in its September 2023 update to the 2023 ESOO, AEMO identified a forecast reliability gap in South Australia in 2026-27. AEMO made arequestto the AER to consider making a T-3 reliability instrument for the identified forecast reliability gap. The T-3 cut-off day for this reliability gap is1 December 2023.
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Authors:Andre Dauwalder, Counsel; Nikita Summers, Graduate.