An undesirable trading situation (UTS) in the electricity market is an extraordinary event which threatens, or may threaten confidence in, or the integrity of, the wholesale market that cannot be resolved under the Code.

Undesirable trading situation (UTS) provisions are adopted by market operators because they cannot foresee all future eventualities and provide specific rules to deal with all future possibilities. Additionally, some practices are difficult to specify in rules.

We investigate any potential undesirable trading situation and can take any action if we consider it appropriate. This could include suspending Code requirements and imposing new requirements on industry participants.

The guidelines have more information about the background and framework we use to manage any potential undesirable trading situation.