RRO triggered in NSW

Share on twitter
Share on linkedin
Share on facebook

The AER has accepted a recommendation from AEMO and has made the T-3 reliability instrument triggering the Retailer Reliability Obligation (RRO).

In making this decision the AER considered if AEMO’s reliability forecast contained any material errors in either calculation or input data, or inaccurate assumptions that materially impact the forecast reliability gap. The AER also considered if AEMO had used reasonable endeavours to prepare the reliability forecast in accordance with the AER’s Forecasting Best Practice Guidelines. No material errors or inaccurate assumptions were identified by the AER and as such it made the reliability instrument.

The reliability instrument applies during weekdays from 1 January to 29 February 2024, for the trading periods between 3 PM and 8 PM AEST. What this means is that liable entities in NSW should consider their forward positions and ensure that they are able to meet their liability during those periods. In support of liable entities, MLO generators in NSW (AGL, Origin and Snowy Hydro) will be required to offer MLO products on the ASX to ensure that liable entities can meet their liability.

You can read more about the RRO on our website and if you have any questions please get in touch. You can read more about the AER’s decision here.

More to explorer

Eureka tower Melbourne

Victorian Embedded Network ‘ban’: proposed changes to the embedded network regulatory framework in Victoria

On 11 January 2022, the expert panel appointed by the Victorian Government to review the policy position of banning embedded networks in residential settings published its final report. The recommendations, if implemented, will have a significant impact on embedded network operators in Victoria.

The report sets out the panel’s recommendations for implementing a ban and further considers how the ban should apply, or rather what changes should be made to the regulation, to legacy (existing) embedded networks.

Stock market prices

Price Comparisons under the Electricity Retail Code

On 12 January 2022, the Australian Competition and Consumer Commission (ACCC) announced that energy retailer CovaU Pty Ltd had paid $33,300 in penalties arising from three infringement notices issued for alleged contraventions of the Competition and Consumer (Industry Code—Electricity Retail) Regulations 2019 (the Code).


AEMO Draft 2022 Integrated System Plan review

On 10 December 2021, the Australian Energy Market Operator (AEMO) published the Draft 2022 Integrated System Plan (ISP) (Draft ISP). This was subject to a ‘transparency review’ by the Australian Energy Regulator (AER), released 7 January 2022.  The Draft ISP is now in the consultation stages, prior to final publication in June 2022.

Leave a Reply

Your email address will not be published. Required fields are marked *