Reserve Capacity timetable
The Reserve Capacity timetable shows the key dates in Year 1 of the relevant Reserve Capacity Cycle. This timetable is intended to help Market Participants keep track of important dates under the Reserve Capacity Mechanism.
2020 Reserve Capacity timetable
On 9 April 2020, AEMO published an issues paper requesting stakeholder feedback on a deferral of the 2020 Reserve Capacity Cycle.
AEMO would like to thank stakeholders for their submissions in response to the issues paper. After careful consideration of the 12 submissions received as part of this consultation process, AEMO has decided to exercise its discretion under clause 4.1.1C of the WEM Rules to extend multiple dates set under section 4.1 of the WEM Rules by two months (see the table below).
This decision accounts for the deferral impact on the WEM, in line with AEMO's longstanding practice to only modify or extend a date or time set under section 4.1 of the WEM Rules when necessary, and for the shortest duration possible. This approach mitigates potential risks to both AEMO and Market Participants.
On balance, this two-month extension:
- Will provide Market Participants certainty on capacity revenue, which is a key decision-making factor for their organisations and investors.
- Should allow Market Participants sufficient time to finalise documentation that has been delayed due to COVID-19 restrictions that have disrupted business activities.
- Incorporates a balanced view of the impacts on the WEM, and addresses feedback raised by both generators and retailers who will be impacted by a deferral.
|
Event |
Clause of the WEM Rules |
Previous date and time |
Extended date and time |
|
AEMO ceases to accept lodgement of applications for Certified Reserve Capacity |
4.1.11 |
5:00 pm on 1 July 2020 |
5:00 pm on 1 September 2020 |
|
AEMO notifies applicants for certification of Reserve Capacity of the Certified Reserve Capacity to be assigned to each Facility |
4.1.12 |
5:00 pm on 19 August 2020 |
5:00 pm on 19 October 2020 |
|
Market Participants provide Reserve Capacity Security and DSM Reserve Capacity Security |
4.1.13 |
5:00 pm on 2 September 2020 |
5:00 pm on 2 November 2020 |
|
Each Market Participant holding Certified Reserve Capacity notifies AEMO as to how the Certified Reserve Capacity will be dealt with |
4.1.14 |
5:00 pm on 2 September 2020 |
5:00 pm on 2 November 2020 |
|
AEMO confirms with Market Participants the amount of Certified Reserve Capacity that can be traded bilaterally from its Facilities |
4.1.15 |
5:00 pm on 3 September 2020 |
5:00 pm on 3 November 2020 |
|
AEMO publishes the Certified Reserve Capacity for each Facility |
4.1.15A |
5:00 pm on 4 September 2020 |
5:00 pm on 4 November 2020 |
|
AEMO publishes information required by clauses 4.15.1 and 4.15.2 of the WEM Rules pertaining to whether a Reserve Capacity Auction is required |
4.1.16 |
5:00 pm on 4 September 2020 |
5:00 pm on 4 November 2020 |
|
AEMO assigns Capacity Credits and makes a determination under clause 4.20.5A(aA) of the WEM Rules |
4.1.16A |
5:00 pm on 4 September 2020 |
5:00 pm on 4 November 2020 |
|
AEMO publishes the information required under clause 4.20.5AA of the WEM Rules. |
4.1.18A |
5:00 pm on 4 September 2020 |
5:00 pm on 4 November 2020 |
|
AEMO accepts lodgement of Reserve Capacity Offers (if Reserve Capacity auction required) |
4.1.17(a) |
9:00 am on 7 September 2020 |
9:00 am on 5 November 2020 |
|
AEMO ceases to accept lodgement of Reserve Capacity Offers (if Reserve Capacity auction required) |
4.1.17(b) |
5:00 pm on 14 September 2020 |
5:00 pm on 13 November 2020 |
|
Market Participants provide Reserve Capacity Security and DSM Reserve Capacity Security (if Reserve Capacity auction required) |
4.1.13 |
5:00 pm on 14 September 2020 |
5:00 pm on 13 November 2020 |
|
AEMO runs the Reserve Capacity Auction and publishes the results (if Reserve Capacity auction required) |
4.1.18 |
5:00 pm on 15 September 2020 |
5:00 pm on 16 November 2020 |
|
Market Participants notify AEMO how many Capacity Credits each Facility will provide (if Reserve Capacity auction required) |
4.1.20 |
5:00 pm on 21 September 2020 |
5:00 pm on 20 November 2020 |
|
A Market Participant may apply to AEMO for a recalculation of Reserve Capacity Security or DSM Reserve Capacity Security |
4.1.21 |
5:00 pm on 24 September 2020 |
5:00 pm on 24 November 2020 |
|
AEMO assigns Capacity Credits (if Reserve Capacity auction required) |
4.1.21A |
5:00 pm on 24 September 2020 |
5:00 pm on 24 November 2020 |
The 2020 Reserve Capacity timetable has been updated accordingly and is available below.
2019 Reserve Capacity Cycle Timetable
2018 Reserve Capacity Cycle Timetable
On 27 June 2018, the Minister for Energy implemented a Rule Change to extend all remaining dates in the 2018 Reserve Capacity Cycle. This Rule Change has been executed under the Minister for Energy’s temporary Rule Change powers under the Electricity Industry (Wholesale Electricity Market) Regulation 2004. The relevant Government Gazette can be found here.
The updated timetable for the 2018 Reserve Capacity Cycle is available below:
AEMO will advise Market Participants should any of the dates in the timetable change.