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 30 October 2024.

This amendment amends clause 1.1 and subpart 5 of Part 13 of the Code to support effective risk management by improving transparency in the contracts market and enhancing market performance during the transition to a highly renewable, electrified economy.

This amendment:

a. broadens the scope of information participants must disclose to the approved system about risk management contracts

b. broadens the specified information published about risk management contracts

c. changes the publication arrangements for specified information about risk management contracts, to require this information to be published by the Authority on its website rather than on the approved system

d. provides for the disclosure of information about novel risk management contracts to increase the Authority's visibility of these kinds of contracts

e. future-proofs the hedge disclosure obligations by enabling the Authority to prescribe additional information about risk management contracts, and additional categories of risk management contracts, that are subject to the disclosure provisions

g. otherwise updates and clarifies the hedge disclosure obligations, including clarifying the purpose of subpart 5 of Part 13 of the Code, the Authority's power to use information disclosed under this subpart, the requirement to maintain confidentiality by only disclosing certain information in anonymised or consolidated form, and updating the audit process that applies to participants under this subpart, and

h. makes consequential amendments related to the above.