16 December 2014
AEMO LAUNCHES NEW NATIONAL GAS MARKET BULLETIN BOARD
The Australian Energy Market Operator (AEMO) has launched the redeveloped National Gas Market Bulletin Board (NGMBB).
The NGMBB is a single electronic communications system hosted on a public website. Used predominantly by gas market participants, the NGMBB website is designed to facilitate trade in natural gas and gas market services by providing transparent, accurate, and readily available system and market information to NGMBB users.
The NGMBB covers all major gas production fields, storage facilities, major demand centres and natural gas transmission pipeline systems, including the interconnected systems of South Australia, Victoria, Tasmania, New South Wales, the Australian Capital Territory (ACT), and Queensland. It provides a real-time map of gas flows and gas usage around the eastern and south-eastern coast of Australia.
Improving the transparency and effectiveness of eastern and south-eastern gas markets is a key focus for the Council of Australian Governments (COAG).
The December 2014 COAG Energy Council Meeting Communique released last week said, "The Council welcomed the launch of AEMO’s redeveloped National Gas Bulletin Board website and congratulated AEMO and stakeholders for the considerable work undertaken to improve this valuable resource. This achievement follows the 13 December 2013 Council decision to endorse the Gas Transmission Pipeline Capacity Trading Decision Regulation Impact Statement. The Council considered the changes to the Bulletin Board would assist in reducing transaction costs to facilitate further trade in pipeline capacity by improving its functionality and useability."
As the independent market operator, AEMO is responsible for the operation of the NGMBB in accordance with its obligations under the National Gas Law and National Gas Rules.
AEMO Managing Director and Chief Executive Officer Matt Zema said that as with the original website which was set up in 2008, industry consultation has been a major driver of the NGMBB redevelopment, with gas pipeline owners and operators, facility operators, major shippers, retailers and GBB users invited to consult and collaborate on the project.
"Over the past nine months, AEMO has worked closely with gas market participants to improve the functionality of the NGMBB, with a focus on useability, availability, and reliability of gas data for all participants in the south-east and east coast gas markets.
"In improving information and transparency for gas market participants, the NGMBB should in the long term, lead to efficiency benefits in upstream and downstream gas commodity markets," said Mr Zema.
Consultation commenced at the NGMBB redevelopment project scoping stage with a report delivered to COAG in June 2014, right through to site development and industry testing which was completed in late November.
AGL Gas Market Development Manager George Foley said the NGMBB redevelopment was an important project for the industry.
"AGL has a significant and growing upstream gas business and supplies a large amount of data to the NGMBB. As such we were keen to participate in the NGMBB redevelopment project to ensure the updated website met industry needs and expectations," said Mr Foley.
Benefits of the new NGMBB include enriched data quality, better functioning submission and transacting processes for facility operators, and stronger investment signals for future supply infrastructure projects.
The new NGMBB provides enhanced functionality for users to access, present, and upload information via features including:
• An interactive, information-rich map, driven by Google Maps;
• Upgraded reporting features including a new graph and chart tool, and advanced data search and export functionality; and,
• Improved user functionality including new web forms to submit data, and streamlined login systems.
Visit the NGMBB online at http://gbb.aemo.com.au
AEMO Media Ph: 0409 382 121Ph: 0409 382 121
AEMO operates the National Electricity Market (NEM) and power system, supporting 19 million people across Australia’s eastern and south-eastern seaboard. AEMO operates the Victorian Declared Wholesale Gas Market as well as the Victorian gas transmission system. It also manages the wholesale gas Short Term Trading Market (STTM) hubs in South Australia, New South Wales and Queensland.