Reliability And Emergency Reserve Trader (RERT) - AEMO's External Procedure Amendment

Final Report and Determination

Date of Notice: 27 October 2017

The publication of this Final Report and Determination (Final Report) completes the Rules consultation process conducted by AEMO to consider proposed changes to the Procedure for the Exercise of Reliability and Emergency Reserve Trader under the National Electricity Rules (NER).

This consultation was conducted under clauses 3.6.1, 3.6.2, and 3.6.2A of the National Electricity Rules (NER), in accordance with the Rules consultation requirements detailed in rule 8.9 of the NER.

Matter under Consultation

The matter for consultation was proposed changes to the Procedure for the Exercise of Reliability and Emergency Reserve Trader.

The Australian Energy Market Commission (AEMC) National Electricity Amendment Rule 2016 No. 5 repealed the expiry of Reliability and Emergency Reserve Trader (RERT), and reduced the maximum period where AEMO can enter into, or renegotiate, a reserve contract from nine months to ten weeks, effectively eliminating the “long notice” reserves.

This Rules change also required AEMO to amend its RERT procedures in accordance with clause 3.20.7(e) by 1 November 2017, to reflect the Amending Rule and the amended RERT guidelines.

The Consultation Process

The stages and timing for the completed consultation are below.

The publication of this Final Report marks the completion of the consultation. 

Final Determination

AEMO did not receive any submissions in regards to the first or second stages of this consultation; therefore AEMO will amend the Procedure for the Exercise of Reliability and Emergency Reserve Trader in the form published with the first stage of Rules consultation on 13 April 2017.