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Credit Limit Procedures Consultation

26/08/2019
Market National Electricity Market
StageFinal Report
ConvenorAEMO NEM
Initiated18/03/2016
Accepting submissions?No
Submissions close27/05/2016
Consultation

AEMO has completed its consultation on the Credit Limit Procedures under clause 8.9 of the Rules and published a final report and determination.

Background

On 18 October 2012 the AEMC published its final determination and Rule as made. Under this Rule, clause 3.3.8 of the Rules requires AEMO to make credit limits procedures in accordance with the Rules consultation procedures. The Rule sets the framework for development of the credit limit procedures which will be used to determine each Market Participant’s credit support requirements in the NEM.

On 21 November 2012 AEMO published its draft determination on the credit limit procedures which take into account the final Rule and submissions made to the first round of consultation.

One submission was received in response to the second round of consultation and is published on this web page.

Final Determination

On 29 January 2013 AEMO published its final report and determination on the Credit Limit Procedures.

Changes from the draft determination include:

• An implementation date of 28 November 2013
• Editorial changes to avoid repetition and unnecessary text 



The following documentation is provided:

• Final determination and Report
• Credit Limit Procedures (clean and change marked)

The following documentation is provided from the second round of consultation.

• Second Stage Notice of Rules Consultation
• Draft determination and Report
• Draft Credit Limit Procedures (clean and change marked)
• Updated seasonal MCL calculators
• Participant submissions to the first round of consultation.

Supporting Documentation from the first round of consultation is also available on this webpage:

• A supporting information document which is intended to provide further explanation of the approach and calculations in the credit limits procedure.
• An MCL calculator for the three seasons: winter 2011, shoulder 2011 and summer 2011-12 that will allow participant’s to assess the impact of the proposed credit limit procedures to their energy and reallocations data.
• An indicative data set of key variables that will allow participants to analyse the outcomes of the proposed credit limit procedures and compare these with the key variables under the current methodology (note that this data has not been modified to take into account the carbon price) .
• A powerpoint presentation on the Credit Limit Procedures.
Credit Limit Procedures - Final Determination and Report
29 Jan 2013 | filesize: 164 kb (.pdf)
Credit Limit Procedures
29 Jan 2013 | filesize: 164 kb (.pdf)
Credit Limit Procedures (change marked)
29 Jan 2013 | filesize: 164 kb (.pdf)

Second Stage of Consultation 

Notice of Second Stage of Rules Consultation
21 Nov 2012 | filename: 0538-0035.pdf
Draft Determination and Report
21 Nov 2012 | filename: 0538-0029.pdf
Draft Credit Limits Procedure - clean
21 Nov 2012 | filename: 0538-0031.pdf
Draft Credit Limits Procedure - changed marked
21 Nov 2012 | filename: 0538-0030.pdf
MCL Shoulder Calculator - Draft Determination
21 Nov 2012 | filename: 0538-0041.pdf
MCL Summer Calculator - Draft Determination
21 Nov 2012 | filename: 0538-0040.xlsx
MCL Winter Calculator - Draft Determination
21 Nov 2012 | filename: 0538-0039.xlsx
Second Stage Participant Responses
Origin

First stage of consultation

Notice of First Stage of Rules Consultation - Credit Limit Procedures
18 Jun 2012 | filename: 0538-0019.pdf
Credit Limit Procedures Consultation Supporting Information
18 Jun 2012 | filename: 0538-0025.pdf
Credit Limits Procedure Data v1.1
12 Jul 2012 | filename: 0538-0028.xlsx
 
MCL Shoulder Calculator - First round of consultation
18 Jun 2012 | filename: 0538-0024.pdf
MCL Winter Calculator - First round of consultation
18 Jun 2012 | filename: 0538-0023.pdf
MCL Summer Calculator - First round of consultation
18 Jun 2012 | filename: 0538-0022.pdf
First Stage Participant Responses
Origin
Ergon Energy
Progressive Green
Progressive Green - Retailer A Example of PRAF Calculations
Ergon Energy (2) 
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