The Credit Limit Procedures establish the methodology by which the AEMO determines the prudential settings for each market participant so that the prudential standard is met for the NEM.
The focus of this consultation is proposed amendments to the Credit Limit Procedures to:
- Reflect the terminology changes to be made with effect from 3 June 2024 by the National Electricity Amendment (Integrating energy storage systems into the NEM) Rule 2021
- Account for ancillary services payments and costs in prudential settings.
- Improve prudential determinations for new participants with bi-directional energy flows.
This is a Standard consultation for the National Electricity Market.