Amending Rules for new Wholesale Electricity Market (WEM) arrangements were gazetted on 24 December 2020 to implement a new security constrained market design and changes to the Reserve Capacity Mechanism to support the implementation of a constrained network access framework as part of the Energy Transformation Strategy.
Only sections 1.36A-1.36C of the new WEM Rules were commenced on publication of the notice. These sections provide for the deferral of the 2021 and 2022 Reserve Capacity Cycles and require AEMO to publish the revised timetables by 1 March 2021.
The bulk of the Amending Rules will commence operation on 1 October 2022; however some parts of the Amending Rules will need to be commenced progressively through to 1 October 2022 to enable the Australian Energy Market Operator (AEMO) and other responsible entities to undertake the activities associated with the commencement of the new market.
The Energy Transformation Implementation Unit (ETIU) has been working through the commencement dates for the Amending Rules. Different dates will be specified for different provisions where relevant.
Commencement dates for several activities associated with Year 1 of the Reserve Capacity Cycle have been determined and will commence as per the dates in the notice.
To see the Government Gazette please see the State Law Publish Gazette (PDF)