Amendments to the gas compensation regime for the DWGM, ECGS and STTM

02/04/2024
Market East Coast Gas System (ECGS)
StageFinal Report
ConvenorAEMO Gas
Initiated02/04/2024
Accepting submissions?No
Submissions close19/06/2024

Timeline

  • Proposed Procedure Change (PPC)
    2 April 2024
  • PPC Consultation Submissions due
    1 May 2024
  • Impact and Implementation Report (IIR)
    22 May 2024
  • IIR Consultation Submissions due
    19 June 2024
  • Notice of Decision
    10 July 2024
  • Effective Date of Procedure
    31 July 2024

The AEMC undertook its review into the gas compensation and dispute resolution frameworks which resulted in a change to the compensation rules for the East Coast Gas System (ECGS), Victorian Declared Wholesale Gas Market (DWGM) and Short Term Trading Market (STTM). 

The rule change creates a new framework for the assessment of compensation claims for an independent expert to assess compensation claims in the DWGM, ECGS and STTM.  

AEMO is required to consult on changes to the: 

  • ECGS Procedures  
  • STTM Procedures  
  • Wholesale Market Settlement Procedures 
  • Gas Compensation Confidentiality Deed  

In addition, AEMO has also published a draft Guidance on Gas Compensation Determinations.

Attachment B - PPC response template

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