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Rule Change: RC_2008_35

Type: Standard Rule Change Process

Submitter: Griffin Energy

Title: Capacity Refund Mechanism – New Generators

Market Rules Affected: Clause 4.26

Date Submitted: 14 November 2008

Date First Published on the IMO Website: 26 November 2008

Current Status: Closed.

Event Date Comments
Notification Published 26/11/2008  
First Submission Period 26/11/2008 – 13/02/2009
The submission period has been extended as advised in the extension notice below
Draft Report Published 25/03/2009
Must be published within 20 B-Days after the end of the submission period
Second Submission Published 26/03/2009 – 24/04/2009
The submission period is 20 B-Days from the date the IMO published the Draft Report
Final Report Published 22/05/2009
Must be published within 20 B-Days after the end of the second submission period
Commencement Not applicable The Rule Change Proposal was rejected by the IMO

Documents related to this Rule Change Proposal

Original submission [144kB]

Independent Market Operator (IMO)'s Notification [581kB]

Independent Market Operator (IMO)’s Notification updated with revised timelines [577kB]

Draft Rule Change Report [351kB]

MMA Report [647kB]

Final Rule Change Report [778kB]

Submissions received during the first submission period

Alinta [74kB]

Griffin [38kB]

Landfill Gas and Power [46kB]

Synergy [42kB]

Submissions received in the second submission period

Alinta [51kB]

Griffin [54kB]

Landfill Gas and Power [34kB]

Synergy [45kB]

Perth Energy [505kB]

Notice under Clause 2.5.12

5 January 2009

In accordance with clause 2.5.10 of the Market Rules, the IMO has extended the first submission period for the Rule Change Proposal titled " Capacity Refund Mechanism – New Generators " (Ref: RC_2008_35). The submission period is extended until Friday 13 February 2008. As a consequence of this extension, the remaining timelines for processing the proposal have been

adjusted as follows:

  • Draft Report published - 25 March 2009
  • Second Submission Period ends - 24 April 2009
  • Final Report Published - 22 May 2009

Reason for the extension

The proposal is currently being assessed by the Reserve Capacity Refund Mechanism Working Group (Working Group) and the submission periods needs to be extended in order to allow the Working Group time to complete its deliberations on the proposal and produce a report for the IMO to take into account when producing the Draft Rule Change Report on the proposal.

Views from Rule Participants consulted on the extension

When deciding to extend the submission period, the IMO consulted with the Rule Participants in the Working Group. These participants were:

  • Alinta
  • Economic Regulation Authority
  • Griffin Energy
  • Landfill Gas and Power
  • NewGen Power
  • Perth Energy
  • Premier Power
  • Synergy
  • System Management
  • Transalta
  • Verve Energy

No participant consulted expressed any objections to the IMO regarding the proposed extension of the first submission period.

Proposed Work Program

  • Working Group members assess the proposal against the Wholesale Market Objectives and provide their assessments to the IMO
  • The IMO analyses the assessments and collate them in a report to the Working Group
  • The Working Group meets to assess the IMO’s report and make its recommendation on the Rule Change Proposal
  • The IMO prepares a draft Working Group report
  • The Working Group meets to assess the draft report
  • The IMO prepares a final Working Group report and provide this to the Market Advisory Committee
Page last updated: 07 May 2017