RERT Panel Agreement and Request for Expressions of Interest
AEMO is extending the due date for expression from interested parties to join the RERT Panel in readiness for summer 2016-17. Please send expressions of interest by 4pm (EST), 16 December 2016.
AEMO is currently conducting a request for expressions of interest in order to recruit members for the RERT Panel in readiness for summer 2016-17. The “Request for Expressions of Interest” and “RERT Panel Agreement” documents are provided below.
The closing date for expressions of interest is 16 December 2016. AEMO will then assess the expressions of interest received with the intention of entering into “RERT Panel Agreements” with RERT Panel members by 30 December 2016. However, the timing of this will depend on the complexity of the submissions received.
The National Electricity Rules enable AEMO to maintain a panel of approved potential reserve providers (RERT Panel) by conducting a request for expressions of interest. Key requirements for this process and the resulting contractual arrangements are contained in the Reliability Panel’s RERT Guidelines and AEMO’s “Procedure for the Exercise of Reliability and Emergency Reserve Trader (RERT)”.
These documents are available at:
- AEMC - Consultation on the Amended RERT Guidelines
- AEMO - Procedure for the Exercise of Reliability and Emergency Reserve Trader RERT
The framework within which AEMO must conduct these processes requires the entry into RERT Panel Agreements that will govern how AEMO might source reserve in circumstances where AEMO will have:
- Less than 10 weeks’ but more than 7 days’ notice (Medium Notice Situations); and
- Less than 7 days’, but more than 3 hours’ notice (Short Notice Situations).
Once AEMO forecasts a reserve shortfall in these limited timeframes, AEMO is required to carry out an invitation to tender for offers of reserve.
Where this occurs in Medium Notice Situations, offers can be made only by RERT Panel members who qualify for providing reserve in Medium Notice Situations, and where this occurs in Short Notice Situations offers can be made only by RERT Panel members who qualify for providing reserve in Short Notice Situations.
A “Reserve Contract” will be entered into where acceptable offers are made by RERT Panel members.
2016 -17 RERT Panel RFEOI
12 October 2016 | filesize: 1.2 MB (.pdf)
2016 - 17 RERT Panel RFEOI
12 October 2016 | filesize: 301 kB (.docx)
RERT Panel Agreement
12 October 2016 | filesize: 757 KB (.pdf)
RERT Panel Agreement
12 October 2016 | filesize: 306 KB (.docx)
For further information please contact James Lindley, Manager Systems Performance and Commercial, Systems Capability.