The Capacity Trading Platform will be implemented through the Gas Trading Exchange (Gas Supply Hub) and as such amendments to the Gas Supply Hub Exchange Agreement are required to incorporate the capacity products into the existing trading arrangements.
The drafting is not yet complete and some areas remain under consideration, as identified in the text. AEMO expects the documents to be ready for formal consultation in August 2018, for a period of about six weeks.
This informal consultation gives reference group members and other interested parties an opportunity to consider these documents with a view to identifying any material omissions, inconsistencies or other issues that may require further changes to the draft package of legislative and regulatory changes published for consultation on 19 March 2018.
Feedback is also sought on any significant operational or design issues arising from the draft documents as currently proposed. Comments of a drafting nature are not sought at this stage.
For reference:
- The Capacity Trading and Auction Procedures will be made under the NGL for the regulation of the Day-ahead Auction and transaction support arrangements for the Capacity Trading Platform.
- The Auction Agreement is an appendix to the Capacity Trading and Auction Procedures. This agreement between AEMO and auction participants outlines the terms for participation in the Day-ahead Auction.
- The Capacity Trading Platform will be implemented through the Gas Trading Exchange (Gas Supply Hub) and as such amendments to the Gas Supply Hub Exchange Agreement are required to incorporate the capacity products into the existing trading arrangements.
Please provide any feedback on the preliminary consultation documents to Pipeline Capacity Trading at pct@aemo.com.au by Friday 18 May 2019.
- Capacity Trading and Auction Procedures (764 KB, pdf)
- Gas Supply Hub Exchange Agreement amendments (174 KB, pdf)