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Settlement residue committee

Under clause 3.18.5 of the National Electricity Rules, AEMO must establish a Settlement Residue Committee (SRC).

The functions of the SRC are defined in this clause to be:

  • Approve any suspension, or removal of a suspension, imposed by AEMO on the conducting of auctions.
  • Approve proposed amendments to the auction rules developed by AEMO.
  • Monitor, review and report on the auctions conducted by AEMO under this clause 3.18.
  • Approve the costs and expenses incurred by AEMO in conducting auctions under this clause 3.18
    and in entering into and administrating auction participation agreements and settlements residue distribution (SRD) agreements under this clause 3.18.

The clause says membership of the SRC will comprise:

  • An employee of AEMO, appointed by AEMO, who will act as chair of the committee.
  • A person representing Generators.
  • A person representing Market Customers.
  • A person representing Transmission Network Service Providers (TNSPs).
  • A person representing Traders.
  • A person appointed jointly by the relevant Ministers of the participating jurisdictions.
  • A person appointed by AEMC to represent end-use customers of electricity.

Terms of Reference

Group membership

Group membership as at 22 July 2019 is:

Member

Name

Company

Generator

Panos Priftakis
Regulation Manager - Trading

Snowy Hydro Ltd

Generator

Alternate:
John Cooper

Hydro Tasmania

Jurisdiction

Vince Duffy
Acting Director Electricity

SA Department for Energy and Mining

Jurisdiction

Alternate:
Jonathan Wills

NSW Department of Water and Energy

AEMO

Stephen Harrison
Manager, Prudentials & Gas Retail

AEMO

AEMO 

Alternate:
Christine Kang
Principal Analyst

AEMO

Market Customer

James Barton

Simply Energy

Market Customer

Alternate:
John Gourlay

Origin Energy

TNSP

Bill Jackson
Pricing Manager

Electranet

TNSP

Alternate:
David Conroy

TransGrid

Trader

Connell Burke
Manager Trading Westpac Energy

Westpac Banking Corporation

Trader

Alternate:
Poh Tham

Westpac Banking Corporation

End Use Customer

Greg Zooeff
Regional Energy Portfolio Manager

Nyrstar Australia

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