Improved Demand Forecasting Rule Change Request (December 2013)
Publication date: Tuesday, 03rd December 2013.
As part of its demand side participation (DSP) work program, the former Standing Council on Energy and Resources tasked officials with developing a rule change proposal for consideration by the Australian Energy Market Commission (AEMC). The Rule Change Proposal seeks to allow the Australian Energy Market Operator (AEMO) to collect better information on DSP in the National Electricity Market for its market operational functions.
Specifically, the proposed rule seeks to amend the National Electricity RUles to create a new provision that:
- requires registered participants to provide AEMO information on contracted and price responsive DSP specified by AEMO in new demand side participation guidelines;
- requires AEMO to develop guidelines in accordance with consultation procedures, for the collection and management of information provided by registered participants; and
- requires AEMO to take into account the DSP information it receives under the Rules when developing or using load forecasts in relation to its market operational functions.
The rule change proposal was submitted to the AEMC for consideration on 3 December 2013.