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Rule Change: RC_2017_06

Type: Standard Rule Change Process

Submitter: AEMO

Title: Reduction of the prudential exposure in the Reserve Capacity Mechanism

Market Rules Affected: 1.21.1, 1.21.2, 1.21.3, 1.25.1, 1.25.2, 1.25.3, 1.25.4, 1.25.5, 1.25.6, 1.25.7, 1.25.8, 1.31.13, 2.33.5, 4.1.23A, 4.1.23B, 4.1.23C, 4.1.24, 4.1.25, 4.1.28, 4.14.1, 4.14.1A, 4.14.5, 4.15.1, 4.20.5B, 4.21, 4.21.1, 4.25.4C, 4.25.4CA, 4.26.2CA, 4.28.1, 4.28.2, 4.28.3, 4.28.6, 4.28.7, 4.28.7A, 4.28.7B, 4.28.8, 4.28.8A, 4.28.8B, 4.28.8C, 4.28.9, 4.28.10, 4.28.11, 4.28.11A, 4.28.11B, 4.28.12, 4.28A.1, 4.28B.8, 4.28C.14, 4.29.3, 4.29.5, 4.29.6, 9.3.6, 9.4.1, 9.4.2, 9.4.3, 9.4.4, 9.4.5, 9.4.6, 9.4.7, 9.4.8, 9.4.9, 9.4.10, 9.4.11, 9.4.12, 9.4.13, 9.4.14, 9.4.15, 9.4.16, 9.4.17, 9.4.18, 9.4A.1, 9.4A.2, 9.4A.3, 9.5.1, 9.5.2, 9.5.3, 9.7.1A, 9.7.1B, 9.16.2, 9.18.3,  10.5.1, Chapter 11 (Glossary), Appendix 1, Appendix 4A, Appendix 5 and Appendix 5A.

Date Submitted: 17 July 2017

Current Status: The second submission period has been extended to 5:00pm on 19 January 2018 in accordance with the Extension Notice published on 15 January 2018. The timeframe for publishing the Final Rule Change Report has not been extended.

Timeline:

Event Date Comments
Notification Published 26/07/2017
First Submission Period 26/07/2017– 13/09/2017 The submission period has been extended in accordance with the Extension Notice published on 26 July 2017.
Draft Rule Change Report Published 30/11/2017 The timeframe for publishing the Draft Rule Change Report has been extended in accordance with the Extension Notice published on 24 October 2017.
Second Submission Period 30/11/2017 – 19/01/2018 The submission period has been extended in accordance with the Extension Notice published on 15 January 2018.
Final Rule Change Report Published 28/02/2018 The timeframe for publishing the Final Rule Change Report has been extended in accordance with the Extension Notice published on 21 December 2017.
Ministerial Approval 29/03/2018
The Minister requires at least 20 B-Days to review the Final Rule Change Report and advise the Rule Change Panel of a decision.
Commencement 01/10/2018
The commencement date is provisional and may be subject to change in the Final Rule Change Report

Documents related to this Rule Change Proposal

Rule Change Notice and Proposal [977kB PDF]

Extension Notice (26 July 2017) [136kB PDF]

Extension Notice (24 October 2017) [150kB PDF]

Draft Rule Change Report [1.2 MB PDF]

Extension Notice (30 November 2017) [130 kb]

Extension Notice (21 December 2017) [149 kB]

Extension Notice (15 January 2018) [150 kb]

Submissions Received in first submission period

AEMO [57kB PDF]

Alinta Energy [41kB PDF]

Bluewaters [233kB PDF]

Change Energy [404kB PDF]

Perth Energy [66kB PDF]

Community Electricity [40kB PDF]