The National Electricity Market occasionally experiences sustained high regional reference prices. The National Electricity Rules provide for short-term relief through a price capping mechanism that is invoked when the cumulative price reaches $187,500.
This briefing paper provides an overview of Market operation and settlement under the administered price provisions of the National Electricity Rules. It includes the changes to the administered price compensation arrangements, effective from 1 January 2009.
For information regarding this document, please contact Basilisa Choi, Electricity Market Performance.