This amendment to the Electricity Industry Participation Code 2010 (Code) comes into force on 6 November 2017.

The amendment amends clause 13.236E of the Code to provide that, if a disclosing participant is not exposed to spot price risk in a particular quarter, the spot price risk disclosure statement it submits for that quarter need not contain all the information ordinarily required in a spot price risk disclosure statement.

In accordance with section 39(3)(c) of the Electricity Industry Act 2010, the Electricity Authority has not prepared and publicised a regulatory statement or consulted on the amendment and regulatory statement, because it is satisfied that there has been adequate prior consultation so that all relevant views have been considered.