Code amendment omnibus

Code amendment omnibus #5

Upcoming Open Closed Decision
View submissions Submissions closed 4 March 2025
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Decision

We’ve decided to amend the Electricity Industry Participation Code 2010 as part of our Code amendment omnibus #5 to:

  • Update the stress test regime to reduce risk to consumers and security of supply (Parts 1 and 13) – effective 15 May 2025
  • Extend trader default provisions to all retailers to protect customers (Parts 1, 11 and 14) – effective 15 May 2025
  • Introduce a back-up means of calculating wholesale prices to improve market confidence (Part 13) – effective 1 July 2025

These changes will:

  • enable retailers to respond to stress test scenarios when longer-term price risk events occur, in line with the 2023 MDAG recommendations.
  • strengthen consumer protections when a retailer goes out of business
  • improve rules in the wholesale market to ensure pricing information is available in the event of a large nationwide outage, and

Thank you to all submitters who provided feedback on this consultation.

Decision paper

Code amendment omnibus #5 - Decision paper

Code amendment omnibus #5 - Decision paper

Consultation

This consultation sought feedback on three discrete amendments to the Electricity Industry Participation Code on security of supply:

  1. Updating the stress test regime to reduce risk to consumers and security of supply (Parts 1 and 13)
  2. Extending trader default provisions to all retailers to protect customers (Parts 1, 11 and 14)
  3. Introducing a back-up means of calculating wholesale prices to improve market confidence (Part 13)

Each proposal is set out in a separate section of our consultation paper, along with the associated regulatory statement. The draft Code wording is set out in the appendices.

Consultation paper

Consultation paper - Code amendment omnibus #5

Consultation paper - Code amendment omnibus #5

Submissions

Download all submissions (.zip)