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 12 September 2024 and expires on the date that is 9 months after the date on which it comes into force.

The amendment amends Subpart 5B of Part 13 of the Code (relating to market-making arrangements in the hedge market) to introduce a new threshold daily settlement price. Where that threshold daily settlement price is exceeded, the amendment provides for changes to the bid-ask spread which participants subject to this Subpart must comply with when providing quotes during a market-making period.