The Australian Energy Regulator (AER) has published a Guideline outlining what will constitute a Significant Price Variations in the gas Short Term Trading Market for the purposes of the AER’s reporting obligations under rule 498 of the National Gas Rules.
The AER will monitor variations between the D-2 price, ex ante and ex post prices, the rolling 30 days average price as well as Market Operator Service payments.
The AER has published a final decision document at the same time as the Guideline which outlines the AER’s response to submissions.
The AER expects the significant price variation reports will be of interest to a wide range of parties including existing market participants, participants considering entering the market, policy makers, energy analysts and consumer groups.