Electricity Industry Participation Code Amendment (Late and Revised Data) 2015

This amendment to the Electricity Industry Participation Code 2010 (Code) comes into force on 24 March 2015.

The amendment makes changes to the Code under section 39(3) of the Electricity Industry Act 2010 that are of a technical and non-controversial nature.

The amendment:

(a) corrects a cross reference in clause 14.2;

(b) carries over to the new Part 14 changes that were made to the Code by the Electricity Industry Participation (Time Frames for Invoicing) Code Amendment 2014, including clarifying how those provisions relate to the requirement to conduct washups in certain situations;

(c) makes changes to clause 14.26 to allow the clearing manager to correct amounts owing and payable, to take into account the resolution of a volume dispute resolved in time for the clearing manager to advise participants 2 business days or more before payment is due;

(d) makes changes to clause 14.28 to provide that, in cases where disputes are resolved after that time, the clearing manager must refer the matter to the Authority and comply with the Authority's direction on the matter;

(e) carries over to the new Part 14 changes that will be made to the Code by the Electricity Industry Participation Code Amendment (Trader Default) 2014;

(f) makes a minor change to the new clause 14.59, to remove an impractical requirement on the clearing manager to attempt to recover money by 1530 hours on the day of settlement; and

(g) removes clause 15.29(14) because it contradicts a provision in the new Part 14.