Energy Consumers Australia has supported all aspects of the Australian Energy Market Commission’s (AEMC) Draft Rule Determination for the National Electricity Amendment (Five Minute Settlement) Rule 2017. Energy Consumers Australia was involved in the Working Group formed for this project and the Public Forum, and in our submission on the Directions Paper we noted that the work of the AEMC had demonstrated that the proposed rule is likely to contribute to the achievement of the National Electricity Objective.
We commend the AEMC on the thoroughness of its approach to this Rule Change Request. The decision proposed in the Draft demonstrates that the AEMC has properly considered the changing nature of the electricity system and the need for considered reform.
The full submission can be read here.