The Independent audit on the effectiveness of the Procedure Change Process is conducted under clause 2.16.13F of the WEM Rules. Under this clause the Coordinator of Energy must ensure that an independent person carries out an audit of the effectiveness of the Procedure Change Process no less than every three years.
The Independent audit is part of the Procedure Change Review, undertaken in three stages:
Stage 1: Procedure Change Process audit
Stage 2: Procedure Change Process design
Stage 3: WEM Amending Rules and procedure changes
ACIL Allen has been engaged by the Coordinator to undertake Stage 1 of the review and recommend any changes necessary.
Further information on the Procedure Change Process Review can be found at: Wholesale Electricity Market Procedure Change Process Review
ACIL Allen’s Consultation Paper was published 6 May 2024 and sets out the initial recommendation and observations on the effectiveness of the Procedure Change Process.
Public submissions on the Consultation Paper close at 5:00pm (AWST) on 30 May 2024.
