This note is not part of the amendment but is intended to indicate its general effect.

This amendment to the Electricity Industry Participation Code 2010 (Code) comes into force on 1 July 2025.

The amendment amends subpart 4 of Part 13 of the Code as part of the Authority’s Code amendment omnibus number five to provide a backup method for calculating spot prices for electricity and instantaneous reserves in the wholesale electricity market when market schedules have not been published for 36 hours or more.

The amendment is to the method for calculating interim prices and interim reserve prices. Interim prices and interim reserve prices become final prices and final reserve prices (the spot prices for electricity and instantaneous reserves in the wholesale electricity market) if there is no price error claim.