The ERA monitors participants’ compliance with the Electricity System and Market (ESM) Rules, investigates potential breaches of the ESM Rules and takes enforcement action where appropriate. Enforcement action can include applying to the Electricity Review Board for fines or other orders.
The Compliance Framework and Strategy describes how the ERA undertakes its compliance activities, including its detection and deterrent activities and its current priorities.
WEM Monitoring Priorities
Effective from 1 October 2023, the ERA’s WEM monitoring priorities are:
| Mandatory | Risk Based | Trend Based |
|---|---|---|
Market Power Mitigation Essential System Services Generator Performance Standards & Generator Monitoring Plans AEMO compliance Network Operator compliance | Under development | Under development |
From time to time these monitoring priorities will be updated as required. Updates to the monitoring priorities will be announced via a published Notice.