WAG recommendations paper published
The Wholesale Advisory Group (WAG) has completed its review of the exclusions from making wholesale market information readily available to the public (WMI disclosure regime).
The purpose of the review was to assess which exclusions, if any, may be leading to information disclosure that does not optimally encourage competition, reliability and operational efficiency in the electricity industry for the long-term benefit of consumers.
The WAG recommends amending the Code to replace the existing ‘commercial disadvantage’ exclusion with a ‘reasonable person’ exclusion. Other key recommendations by the WAG include amending the WMI disclosure guidelines, and increasing monitoring and enforcement of the WMI disclosure regime.