On 1 October 2010, ElectraNet submitted a proposal for the early application of the market impact component of the electricity transmission service target performance incentive scheme (the scheme).
The market impact component of the scheme aims to provide incentives to transmission network service providers to minimise the number and duration of network outages which affect price outcomes in the electricity spot market.
ElectraNet has proposed a start date for the scheme of 27 January 2011. This allows the AER the mandatory maximum period of 80 business days from the submission date of the proposal in which to make a final decision. ElectraNet has also proposed an earlier commencement date for the scheme which the AER must consider as part of its final decision.
ElectraNet’s proposal and other relevant information can be found on the AER’s website.
Submissions
Interested parties are invited to make submissions on ElectraNet’s proposal by 1 November 2010.
Written submissions can be sent electronically to: AERInquiry
aer [dot] gov [dot] au (AERInquiry[at]aer[dot]gov[dot]au)
Alternatively, submissions can be mailed to:
General Manager
Markets
Australian Energy Regulator
GPO Box 520
MELBOURNE VIC 3001
To facilitate an informed, transparent and robust consultation process, the AER prefers that all submissions be in an electronic format and publicly available. Accordingly, submissions will be treated as public documents and posted on the AER’s website, except and unless prior arrangements are made with the AER to treat the submission, or portions of it, as confidential.
For further information please see the ACCC-AER information policy (23 October 2008). A free electronic copy is available at the ACCC website.