The rule change is officially labelled as ‘temporary’ and has an end date of June 30th, 2025. During this period, it is expected that longer-term changes to the APC and associated mechanisms will be considered by the AEMC’s Reliability Panel.
Dan is a Market Analyst, who joined Global-Roam in June 2013.
He departed (and returned) for a couple of brief stints overseas, before rejoining the team permanently in late 2019. Alongside his work at Global-Roam, he has undertaken short-term contract roles as an analyst and researcher in various areas of the energy sector. Dan graduated from the Master of Sustainable Energy program at the University of Queensland in 2024.
Two earlier articles today prompt this follow-on piece, specifically focusing on what’s being requested by ERM Power in two separate rule change requests relating to the MT PASA process.
Last week, the AEMO submitted a rule change request to the AEMC for a redevelopment of the ST PASA process (and data sets published – to facilitate what would be a great increase in market transparency).
High Contingency FCAS prices (Raise 6 second) in response to what’s happened at Callide Power Station drove the Cumulative Price to (6 times) the Cumulative Price Threshold. Administered Pricing began Saturday evening for QLD.
2 Commentson "The Administered Price Cap has increased to $600/MWh as of today 1st December 2022"
Thanks for covering this Dan. Just noting that the Reliability Panel has completed the 2022 Reliability Standard and Settings Review and recommended an APC of $500/MWh for the period 1 July 2025 to 30 June 2028 (along with recommended changes to the MPC and CPT).
The Reliability Panel will now need to submit a rule change request to the AEMC in order to implement the recommended changes to the settings. The AEMC would consider any proposed changes through the usual rule change process, allowing further opportunities for stakeholder input and consultation.
Thanks for covering this Dan. Just noting that the Reliability Panel has completed the 2022 Reliability Standard and Settings Review and recommended an APC of $500/MWh for the period 1 July 2025 to 30 June 2028 (along with recommended changes to the MPC and CPT).
The Reliability Panel will now need to submit a rule change request to the AEMC in order to implement the recommended changes to the settings. The AEMC would consider any proposed changes through the usual rule change process, allowing further opportunities for stakeholder input and consultation.
Thanks for the additional information Ryan