Consultation
AEMO has completed its consultation on the Credit Limit Procedures under clause 8.9 of the Rules and published a final report and determination.
Background
On 18 October 2012 the AEMC published its final determination and Rule as made. Under this Rule, clause 3.3.8 of the Rules requires AEMO to make credit limits procedures in accordance with the Rules consultation procedures. The Rule sets the framework for development of the credit limit procedures which will be used to determine each Market Participant’s credit support requirements in the NEM.
On 21 November 2012 AEMO published its draft determination on the credit limit procedures which take into account the final Rule and submissions made to the first round of consultation.
One submission was received in response to the second round of consultation and is published on this web page.
Final Determination
On 29 January 2013 AEMO published its final report and determination on the Credit Limit Procedures.
Changes from the draft determination include:
| • An implementation date of 28 November 2013 • Editorial changes to avoid repetition and unnecessary text |
The following documentation is provided:
| • Final determination and Report • Credit Limit Procedures (clean and change marked) |
The following documentation is provided from the second round of consultation.
| • Second Stage Notice of Rules Consultation • Draft determination and Report • Draft Credit Limit Procedures (clean and change marked) • Updated seasonal MCL calculators • Participant submissions to the first round of consultation. |
Supporting Documentation from the first round of consultation is also available on this webpage:
| • A supporting information document which is intended to provide further explanation of the approach and calculations in the credit limits procedure. • An MCL calculator for the three seasons: winter 2011, shoulder 2011 and summer 2011-12 that will allow participant’s to assess the impact of the proposed credit limit procedures to their energy and reallocations data. • An indicative data set of key variables that will allow participants to analyse the outcomes of the proposed credit limit procedures and compare these with the key variables under the current methodology (note that this data has not been modified to take into account the carbon price) . • A powerpoint presentation on the Credit Limit Procedures. |
| Credit Limit Procedures - Final Determination and Report 29 Jan 2013 | filesize: 164 kb (.pdf) |
| Credit Limit Procedures 29 Jan 2013 | filesize: 164 kb (.pdf) |
| Credit Limit Procedures (change marked) 29 Jan 2013 | filesize: 164 kb (.pdf) |
Second Stage of Consultation
| Notice of Second Stage of Rules Consultation 21 Nov 2012 | filename: 0538-0035.pdf |
| Draft Determination and Report 21 Nov 2012 | filename: 0538-0029.pdf |
| Draft Credit Limits Procedure - clean 21 Nov 2012 | filename: 0538-0031.pdf |
| Draft Credit Limits Procedure - changed marked 21 Nov 2012 | filename: 0538-0030.pdf |
| MCL Shoulder Calculator - Draft Determination 21 Nov 2012 | filename: 0538-0041.pdf |
| MCL Summer Calculator - Draft Determination 21 Nov 2012 | filename: 0538-0040.xlsx |
| MCL Winter Calculator - Draft Determination 21 Nov 2012 | filename: 0538-0039.xlsx |
Second Stage Participant Responses
| Origin |
First stage of consultation
| Notice of First Stage of Rules Consultation - Credit Limit Procedures 18 Jun 2012 | filename: 0538-0019.pdf |
| Credit Limit Procedures Consultation Supporting Information 18 Jun 2012 | filename: 0538-0025.pdf |
| Credit Limits Procedure Data v1.1 12 Jul 2012 | filename: 0538-0028.xlsx |
| MCL Shoulder Calculator - First round of consultation 18 Jun 2012 | filename: 0538-0024.pdf |
| MCL Winter Calculator - First round of consultation 18 Jun 2012 | filename: 0538-0023.pdf |
| MCL Summer Calculator - First round of consultation 18 Jun 2012 | filename: 0538-0022.pdf |
First Stage Participant Responses
| Origin |
| Ergon Energy |
| Progressive Green |
| Progressive Green - Retailer A Example of PRAF Calculations |
| Ergon Energy (2) |