Parts 1, 3, 7, 8 and 13 of the Code each have been amended to:

  • require the system operator to perform its Code obligations in a way that is consistent with assisting us to give effect to our statutory objective
  • require the system operator to perform its Code obligations to the standard of a reasonable and prudent operator
  • clarify and update the system operator’s principle performance obligations 
  • improve and align the system operator’s annual performance review and reporting processes so that they align with and are complementary to the contractual and financial year
  • require a conflict of interest policy to be expressly part of the system operator’s policy statement
  • move the decision-making associated with the determination of under frequency causer investigations from the system operator to the Authority.

Part 3 has also been amended to require all other market operations service providers, to perform their Code obligations in a way that is consistent with assisting us to give effect to our statutory objective.

The amendments will promote the efficient operation of the electricity industry by improving the alignment of our service providers with the statutory objective. The amendments will also provide more effective provision of services and ensure that the Authority is meeting its statutory requirements when purchasing the services under section 16(h) of the Act.

We have published a paper outlining the reasons for the decision and a paper summarising the submissions received.

It is expected that the new amendments will come into force on 19 May 2016.

Consultation paper and submissions