Gas Transmission Pipeline Capacity Trading Rule Change Request (March 2015)
Publication date: Monday, 30th March 2015.
On 13 December 2013, the COAG Energy Council, formerly known as the Standing Council on Energy and Resources, endorsed the Transmission Pipeline Capacity Trading Decision Regulation Impact Statement and agreed to pursue a range of measures aimed at reducing transaction costs to facilitate pipeline capacity trading. Specifically, it was agreed to pursue the following measures:
- Mandate the provision of enhanced capacity trading information for publishing on the National Gas market Bulletin Board (NGMBB);
- Improve the functionality and usability of the NGMBB and develop an eastern market capacity listing service; and
- Develop and publish voluntary standard contractual terms and conditions for eastern gas market capacity trade.
Officials undertook stakeholder consultation to inform mandating the provision of enhanced gas transmission pipeline capacity trading information. This initiative would require gas market participants to provide the Australian Energy Market Operator (AEMO) with additional information that would be published on the NGMBB website. A consultation paper was developed seeking stakeholders' views and examined what appropriate additional information could be provided to AEMO.
Following the completion of that consultation process, the Council agreed to submit a rule change request to the Australian Energy Market Commission to implement the necessary changes.
- Energy Market Reform Bulletin No. 26 - Gas Transmission Pipeline Capacity Trading: Enhanced Information Consultation Paper
- Gas Transmission Pipeline Capacity Trading - Decision Regulation Impact Statement
- Standing Council on Energy and Resources Bulletin No. 5 - Gas Transmission Pipeline Capacity Trading - Consultation Regulation Impact Statement Release