Today the Australian Energy Regulator (AER) released its Draft Interim Market Liquidity Obligation (MLO) Guideline for consultation.The guideline is one of six guidelines that the AER will develop to set out how it will exercise its functions under the Retailer Reliability Obligation.
The National Electricity Rules will create the MLO, which will require obligated parties to post bids and offers for standardised electricity products on an approved exchange during certain trading windows.
The Draft Interim MLO Guideline sets out the AER’s approach to assessing requests for approval of additional trading exchanges and standardised products, as well as its approach towards monitoring compliance with the obligation.
The AER will publish the final Interim MLO Guideline on 31 August 2019.
A final version of the MLO Guideline will be subsequently developed, using a full consultation process, and will be published by 31 December 2020.
Invitation for Submissions
We invite interested stakeholders to make written submissions in response to any matter covered in this guideline, by the close of business 10 May 2019.
Submissions should be sent electronically to RRO
aer [dot] gov [dot] au (RRO[at]aer[dot]gov[dot]au) with the following title in the email: For Consultation – Draft Interim Market Liquidity Obligation Guideline.
Alternatively, submissions can be mailed to:
Mr Peter Adams
General Manager, Market Performance
Australian Energy Regulator
GPO Box 520
Melbourne Vic 3001
We prefer that all submissions be publicly available to facilitate an informed and transparent consultative process. Submissions will be treated as public documents and posted on our website unless prior arrangements are made with us to treat the submission, or portions of it, as confidential. Those wishing to submit confidential information are requested to clearly identify the information that is the subject of the confidentiality claim, and provide a non-confidential versions of the submission.
For further information regarding our use and disclosure of information provided to us, see the ACCC/AER Information Policy.