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 |
Submissions received during the first submission period
Submissions received during the second submission period
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 3 February 2008. Due to 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
