Under the National Electricity Rules (Electricity Rules), transmission network service providers may apply for an early application of the market impact component of the service target performance incentive scheme.
On 30 March 2011, SP AusNet submitted to the AER an application for the early implementation of the market impact component of the scheme. SP AusNet proposed an early start date of 1 August 2011.
On 6 April 2011, SP AusNet submitted to the AER an amendment to the proposal for the early implementation of the market impact component of the scheme.