Type: Standard Rule Change Process
Submitter: Independent Market Operator (IMO)
Title: Changes to the Reserve Capacity Price and the dynamic Reserve Capacity refund regime
Market Rules Affected: Clauses 1.4.1, 2.26.1, 2.26.2, 2.26.3, 4.1.19, 4.3.1, 4.13.2, 4.16.1, 4.16.2, 4.16.3, 4.16.5, 4.16.6, 4.16.7, 4.16.8, 4.18.2, 4.22.2, 4.26.1, 4.26.1A, 4.26.3, 4.26.3A, 4.26.4, 4.26.6(new), 4.26.7(new), 4.28.4, 4.28A.1, 4.28C.9, 4.29.1, 4.29.3, 9.7.1, 10.5.1 and the Glossary
Date Submitted: 10 January 2014
Current Status: Closed
| Event | Date | Comments |
|---|---|---|
| Notification Published | 10/01/2014 | |
| First Submission Period | 13/01/2014- 24/02/2014 | The submission period is 30 B-Days from the date the IMO published the Rule Change Notice |
| Draft Report Published | 31/03/2014 | The timeframe for preparing the Draft Rule Change Report was extended in accordance with the Extension Notice published on 25 March 2014 |
| Second Submission Published | 01/04/2014-01/05/2014 | The submission period is at least 20 B-Days from the date the IMO published the Draft Report |
| Further Submission Period | 23/03/2015- 02/04/2015 | The IMO undertook a further round of consultation in accordance with the Call for Further Submissions published on 23 March 2015 |
| Final Report Published | 15/04/2015 | The date for publication of the Final Rule Change Report was brought forward to 15 April 2015 |
| Ministerial Approval | 14/05/2015 | The Minister requires 20 B-Days to review the Final Rule Change Report and advise the IMO of a decision. The IMO notes that for the proposed Amending Rules to apply for the 2014 Reserve Capacity Cycle, the Minister's approval should be provided by 30 April 2015 |
| Commencement | Not applicable | On 13 May 2015 the Minister notified the IMO of his decision to not approve the proposed Amending Rules |
