Electricity Industry Participation Code (Improving Prudential Security Arrangements) Amendment 2026

This amendment to the Electricity Industry Participation Code 2010 comes into force on 30 November 2026.

The amendment amends Parts 11, 14 and 14A of the Code to:

a. reduce the post-default exit period from 18 to 14 trading days for retailers recorded in the registry as being responsible for 1,000 or fewer ICPs, with associated changes to the process to be followed for an event of default involving a trader or retailer; and

b. reallocate residual funds held in the clearing manager’s operating accounts to wholesale market purchasers of electricity, in direct proportion to the amount each purchaser has paid the clearing manager in the applicable period.