Commercial market making

Hedge market enhancements: permanent market-making backstop

Upcoming Open Closed Decision
View submissions Submissions closed 18 January 2021
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Consultation

From 24 November 2020 to 18 January 2021, we sought stakeholders’ views on the merits of introducing a permanent mandatory market-making backstop into the Electricity Industry Participation Code (2010).

We released a decision paper on this consultation on 30 March 2021.

Decision paper

Hedge market enhancements permanent market-making backstop - decision paper

Hedge market enhancements permanent market-making backstop - decision paper

We decided to amend the Code to include provisions for a permanent mandatory market making backstop.

The amendment provides for a dormant scheme that would only be triggered into effect for one or more market makers, if the performance standards set out in the Code amendment are not met.

Consultation paper

Hedge market enhancements permanent market-making backstop - consultation paper

Hedge market enhancements permanent market-making backstop - consultation paper

We proposed to amend the Code to secure better data about participants’ activity on exchange platforms (like the ASX), reduce compliance costs for industry participants, and reduce administration costs for the Electricity Authority.

Submissions

Download all submissions (.zip)