Code, Regulations & Policy
Wholesale
Part 13 of the Code provides for processes by which:
- purchasers and generators submit and revise bids and offers for electricity, grid owners submit and revise information, ancillary service agents submit reserve offers and the system operator collects information;
- the System Operator prepares the pre-dispatch schedules, prepares and implements the dispatch schedules and prepares and publishes forecast prices, forecast reserve prices, dispatch prices and real time prices;
- the clearing manager holds must-run dispatch auctions; the pricing manager collects data and produces provisional prices and final prices;
- generators apply for approval from the Board to have co-generator status; and
- information about risk management contracts is disclosed.
Part 14 of the Code provides for:
- the process for setting and administering prudential requirements of payers;
- the processes for the settlement of ex post balances in relation to the sale and purchase of electricity and ancillary services under the rules;
- how contracts for the sale and purchase of electricity are to be formed, the payments to the clearing manager for electricity purchased by purchasers and the payments from the clearing manager to generators for their supply of electricity;
- payments to the clearing manager for ancillary services purchased by payers, and payments from the clearing manager to ancillary service agents for their supply of ancillary services, and payments from the clearing manager to the system operator for ancillary service administrative costs; and
- further payments that may be received or paid by the clearing manager, such as the settlement of hedge settlement agreements lodged with the clearing manager.
Retail
Part 6 of the Code contains provisions relating to the connection of distributed generation.
Part 10 of the Code sets out the obligations of participants in relation to metering standards.
Part 14 of the Code provides for the management of information held by the registry; and a process for switching customers and embedded generators between retailers.
Part 15 of the Code sets out:
- how reconciliation participants must gather, store and provide information about electricity conveyed;
- how reconciliation participants must prepare and provide submission information;
- how the reconciliation manager must calculate responsibility for that electricity among reconciliation participants;
- how the reconciliation manager must pass information to the clearing manager, for the calculation of invoices;
- the obligations of the reconciliation manager to pass the information to reconciliation participants, the registry and the Board;
- the requirements for the creation, approval and maintenance of profiles; and
- the requirements for audits, auditors, approvals and certifications.
This page is related to: Retail and Wholesale Market.