Regulation Impact Statement Updates
Official website for publishing regulatory impact analysis information for regulatory decisions announced by the Australian Government, COAG and COAG Councils.
Victorian jurisdictional derogation – RERT contracting
COAG Consultation Regulation Impact Statement – Australian Energy Market Commission
On 19 December 2019, the Australian Energy Market Commission (AEMC) released a draft rule determination and accompanying draft rule titled National Electricity Amendment (Victorian jurisdictional derogation – RERT contracting) Rule 2020.
This draft rule sets out a jurisdictional derogation to the National Electricity Rules (NER) to provide the Australian Energy Market Operator (AEMO) with the flexibility to enter into multi-year contracts with providers of emergency reserves in Victoria. This will help address the short to medium term reliability challenges facing that state. The derogation is limited to the state of Victoria and will not be permanent.
The AEMC’s draft rule determination has been assessed by the Office of Best Practice Regulation as compliant with requirements for a Council of Australian Government’s Consultation RIS.
Comments on this Draft Determination and Draft Rule are invited by close of business 30 January 2020. More information on the consultation process, including how to make a submission, can be found here.
Please note: any accessibility queries should be directed to the Australian Energy Market Commission.