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Rule Change: RC_2008_34

Type: Standard Rule Change Process

Submitter: IMO

Title: Funding of SRC in the event of capacity credit cancellation

Market Rules Affected: Clauses 4.28.4, 4.28.4A, 4.28.4B and 4.28.4C.

Date Submitted: 02 October 2008

Date First Published on the IMO Website: 07 November 2008

Current Status: The second round of public submissions has now closed. The Final Rule Change Report will be published 26 June 2009.

Timeline

Event Date Comments
Notification Published 7/11/2008  
First Submission Period 10/11/2008 – 22/12/2008
The submission period is 6 weeks from the date the IMO published the notification
Draft Report Published 20/03/2009
This period has been extended in accordance with the notice of extension published on 12 March 2009.
Second Submission Published 23/03/2009 - 20/05/2009
The submission period is 20 B-Days from the date the IMO published the Draft Report
Final Report Published 26/06/2009
Must be published within 20 B-Days after the end of the second submission period.
Commencement To Be Advised

Documents related to this Rule Change Proposal

Original submission [126kB]

Independent Market Operator (IMO)'s Notification [508kB]

Independent Market Operator (IMO)’s Notification updated with revised timelines (fifth revision) [515kB]

MMA Report - 12 March 2009 [231kB]

Draft Rule Change Report - 20 March 2009 [268kB]

Draft Rule Change Report with revised timelines amended 11 May 2009 [273kB]

Addendum to Draft Rule Change Report [117kB]

MMA Report – 11 May 2009 [249kB]

Final Rule Change Report [692kB]

Submissions received during the first submission period

Landfill Gas and Power [40kB]

Alinta [88kB]

Griffin Energy [70kB]

Verve Energy [105kB]

Synergy [42kB]

Submissions received in the first submission period - out of session

Perth Energy [479kB]

Submissions received in the second submission period

Alinta [109kB]

ANZ Infrastructure Services Ltd [109kB]

ATCO Power [181kB]

AVIVA [109kB]

Chamber of Commerce and Industry Western Australia [411kB]

Griffin [70kB]

Landfill Gas and Power [38kB]

NewGen [121kB]

Newmont and NP Kalgoorlie Pty Ltd [113kB]

NP Power and RPV Developments [130kB]

Perth Energy [450kB]

Synergy [49kB]

TransAlta [743kB]

Verve [105kB]

Documents relating to public workshop

Agenda [92kB]

MMA Report – 11 May 2009 [249kB]

Notice under Clause 2.5.12

11 May 2009

In accordance with clause 2.5.10 of the Market Rules, the IMO has extended the timeframe for the second submission period for the Rule Change Proposal titled "Funding of SRC in the Event of Capacity Credit Cancellation" (Ref: RC_2008_34).

The end date for the second submission period is extended from Wednesday, 13 May 2009 until 5.00pm Wednesday, 20 May 2009. As a consequence of this extension, the remaining timeline for processing the proposal has been adjusted as follows:

  • Final Report Published - Friday, 26 June 2009

Reason for the extension

Today, 11 May 2009, the IMO published the McLellan Maganasik and Associates (MMA) report “Review of Rule Change 34 - issues arising from the public forum 28 April 2009”. The MMA report summarises the discussions held at the forum and provides a number of conclusions and recommendations for the IMO to consider.

At the public forum for RC_2008_34 a Market Participant requested that the IMO consider releasing a preliminary final decision on this Rule Change Proposal following the results of the MMA report.

The IMO has considered this request and the IMO is of the view that the established rule change process works well and that this process should be adhered to. Given the fact that the IMO is just publishing the MMA report today, the IMO considers that there is benefit in further extending the timeframe for the second submission period to allow stakeholders to appropriately consider the material and make submissions.

Proposed Work Program

  • Interested parties submit on the Draft Rule Change Report and
  • The IMO presents the outcomes and its decision in the Final Rule Change Report
Page last updated: 07 May 2017