The amendment resolves six issues that would otherwise impede the regime’s ability to operate in a correct and predictable way, which promotes the efficient operation of the industry for the long-term benefit of consumers.

The amendment also assists delivery of the positive net benefits identified for the scarcity pricing regime in the cost-benefit analysis when we first introduced the regime in 2013.

We have published a decision and reasons paper and summary of submissions relating to this Code amendment.

To enable greater understanding of the process the scarcity pricing regime follows, we have also published a flowchart showing each step in the process.