Amongst the many things we’ve noticed in the past couple of weeks was that the AEMC has commenced the formal process to consider Delta’s proposed rule change (that was initially flagged on 8th October in ‘Delta Electricity submits ‘relatively urgent’ Rule Change Proposal for December 2024 credit support deadline’).
It’s been given the project reference ERC0403 by the AEMC, with materials available at the sub-site here.
The key dates appear to be as follows:
| Date | Milestone |
|---|---|
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1st October 2024. |
On 1 October 2024, the AEMC received a rule change request from Delta Electricity to amend the National Electricity Rules and National Gas Rules. This is what we noted (a week later) in ‘Delta Electricity submits ‘relatively urgent’ Rule Change Proposal for December 2024 credit support deadline’. |
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17th October 2024. |
On 17 October 2024, Delta Electricity resubmitted the rule change request to clarify that the proposed changes only relate to the National Electricity Rules. |
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24th October 2024 |
On 24th October, the AEMC produced this Consultation Paper:
At this point the AEMC commenced its process (their news release is here), noting that: ‘Stakeholders can object to this expedited process by lodging a written objection with us by 7 November 2024. Any objection should detail reasons why the rule change is not urgent. We will switch to the standard rule change process if we receive a valid objection. See below for more information on how to object to the expedited process’. … and also that: ‘Due date: Written submissions responding to this consultation paper must be lodged with Commission by 21 November 2024. ’
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7th November 2024 |
On 7th November, AGL Energy submitted this objection to the proposed use of the expedited process:
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Thursday 21st November 2024 (i.e. today) |
So today, the AEMC weekly email notes that: ‘We will use the standard rules consultation process to assess Delta Electricity’s proposal to allow cash as credit support. We received a valid objection to the proposed use of the expedited process, meaning the standard approach will be used instead.’ Also today was the closure date for submissions (as noted in the Consultation Paper above) … but the AEMC have not yet uploaded any submissions to their website here. |
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Next? |
What happens next? I don’t know the details… |
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31st December 2024 (under 6 weeks away) |
This date appears to be a central one to the process, as the AEMC site notes that … ‘Delta’s current credit support arrangements expire at the end of 2024, and to date, it has been unsuccessful in securing new arrangements with an acceptable credit support provider.’
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2033 |
As noted in this article on 14th July 2023, the currently planned closure date for Vales Point is sometime in 2033. |
That’s all for now…
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