This amendment to the Electricity Industry Participation Code 2010 (Code) comes into force on 1 July 2026.

The amendment amends Parts 1 and 13 of the Code.

The amendment inserts a new subpart 5C to Part 13 of the Code, which imposes non-discrimination obligations on gentailers in respect of the supply and pricing of risk management contracts to buyers. It provides:

a. gentailers must not discriminate between buyers or between its own internal business units and buyers when supplying or pricing risk management contracts;

b. gentailers must engage in good faith, carry out objective credit assessments, provide equal access to commercial information and protect buyer confidential information;

c. gentailers must establish, maintain and keep records that demonstrate compliance with the non-discrimination obligations; and

d. for other matters to support the non-discrimination obligations, including a requirement that gentailers undertake retail price consistency assessments.

The amendment also amends the internal transfer prices and retail gross margin reporting obligations in Part 13 of the Code, by:

a. removing clause 13.256 – 13.258 of the Code in relation to internal transfer pricing information;

b. removing the requirements on gentailers to provide retail gross margin reports to the Authority; and

c. requiring gentailers to provide certain cost information to the Authority.