Electricity Industry Participation Code Amendment (Trader Default) 2014

This amendment to the Electricity Industry Participation Code 2010 ("Code") comes into force on 28 February 2015, except clauses 6(3), 12(4), 13, and 15, which come into force on 28 August 2015.

The amendment amends clause 14.55(h) so that it refers to a "trader's use-of-system agreement" rather than a "retailer's use-of-system agreement". That reflects that traders rather than retailers have use-of-system agreements with distributors.

In addition, the amendment amends the retailer default provisions in Part 11 of the Code by replacing all references to "retailers" with references to "traders". The retailer default provisions in Schedule 11.5 are triggered only by an event of default. The change reflects the position that only a trader can commit an event of default under the Code.

The amendment also:

(a) inserts a new clause 4A of Schedule 11.5, which will require traders to provide information about NSPs and ICPs at which they cannot trade for specified reasons, if requested to do so by the Authority after a trader commits an event of default:

(b) inserts a new clause SA of Schedule 11.5, which provides that if a trader is assigned ICPs of a defaulting trader, the trader assigned the ICPs does not, for the first 3 months after the assignment, breach the requirement in clause 10.24(a) to ensure that there is at least 1 metering installation at each ICP. This will enable traders that are assigned ICPs to make the necessary arrangements to comply with that clause:

(c) makes a number of minor drafting improvements to clauses in Part 11.