Legal development

Australian electricity and gas markets - January 2024 update

windmills

    In our January update, we take a look at the latest rule changes and market updates affecting participants in the Australian electricity and gas markets.

    National Electricity Rules

    On 18 January 2024, the Australian Energy Market Commission (AEMC) initiated the following rule changes:

    National Energy Retail Rules

    No retail rule change requests were initiated in January. No AEMC determinations relevant to the National Energy Retail Rules were published.

    National Gas Rules

    No gas rule change requests were initiated in January. No AEMC determinations relevant to the National Gas Rules were published.

    Other Updates

    On 5 January 2024, the Australian Energy Market Operator (AEMO):

    On 15 January 2024, the AER completed its transparency review of AEMO draft 2024 Integrated System Plan, releasing a review report assessing how key inputs and assumptions contributed to AEMO’s draft 2024 ISP outcomes. The review concludes that AEMO has adequately explained most of its inputs and assumptions and identifies several aspects of the draft Integrated System Plan where AEMO could better explain how key inputs and assumptions contribute to the draft ISP outcome.

    AEMO's engagement goal for the 2024 ISP is to provide stakeholders with appropriate time and opportunity to enable meaningful input in their planning. For more information on 2024 ISP Engagement Opportunities see here.

    Please click here to see our latest Energy Alerts, as part of our Energy Alert series.

    Authors: Andrew Dauwalder, Counsel; Samirah Delor, Graduate; Murray Rissik, Paralegal

     

    image

    Stay ahead with our business insights, updates and podcasts

    Sign-up to select your areas of interest

    Sign-up