The ERA monitors Rule Participants' compliance with the Wholesale Electricity Market Rules and the Gas Service Information (GSI) Rules. A range of tools and mechanisms is used to monitor compliance with the WEM and GSI Market Rules and Market Procedures. We do this through a compliance reporting framework put in place under these Rules.
The ERA maintains a Monitoring Protocol Market Procedure which provides further details on how the ERA monitors Rule Participants' compliance.
The ERA’s Compliance Framework and Strategy describes how the ERA undertakes its compliance activities, including its detection and deterrent activities and its 2017/18 strategic priorities.