On 7 September 2022, AEMO published a notice informing all Registered Participants and interested parties that AEMO is conducting the Gas Market Parameter Review 2022. The review covers the Declared Wholesale Gas Market (DWGM) and the Short Term Trading Market (STTM).
The matters for consultation are:
- The market parameters to be reviewed without modelling; and
- The initial analysis and proposed methodology for the market parameters to be modelled.
AEMO has appointed a consultant (Market Reform Pty Ltd) to model and make recommendations as to the values of the following parameters in both the STTM and DWGM:
- Market Price Cap / VoLL
- Administered Price Cap
- Cumulative Price Thresholds
The AER made a submission to the consultation paper on 7 October 2022.
AER Submission - 2022 AEMO gas market parameter review - 7 October 2022
The AER made a follow-up submission on 24 January 2023.
AER Submission - 2022 AEMO gas market parameter review - 24 January 2023
More information
More information can be found at AEMO’s 2022 gas market parameter review consultation page.