Categories:Australasia,Energy

AEMC proposes change to rebidding in good-faith rule

By Justin Oliver and Tamlyn Mills

The Australian Energy Market Commission (AEMC) has released a consultation paper on a proposed rule change to the good-faith rebidding provisions in the National Electricity Rules. If implemented, the proposed changes will have very serious implications for participants in the National Electricity Market.

One significant change to the existing provisions includes requiring rebids to be made only in response to a significant and quantifiable change in price, demand or other data published by the Australian Energy Market Operator (AEMO) or other material circumstances and to be made as soon as practicable after the change…

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