Source: http://gmrg.coagenergycouncil.gov.au/publications/capacity-trading-reform-package-legal-and-regulatory-framework-%E2%80%93-consultation-paper
Timestamp: 2018-12-18 17:28:10
Document Index: 697862259

Matched Legal Cases: ['art 15', 'art 18', 'art 22', 'art 24', 'art 25', 'art 26']

Capacity Trading Reform Package Legal and Regulatory Framework – Consultation paper | Gas Market Reform Group
Legal and Regulatory Framework - consultation_0.PNG
Capacity Trading Reform Package Legal and Regulatory Framework – Consultation paper
The Gas Market Reform Group (GMRG) undertook a public consultation on the legal and regulatory framework required to implement the capacity trading reform package. Before the reforms can be implemented, a number of amendments will need to be made to the National Gas Law (NGL), the Regulations made under the NGL and the National Gas Rules (NGR). Further, a new regulatory instrument, the Operational Transportation Service Code (Code), will need to be developed.
The proposed changes to the NGL, Regulations and NGR, as well as the draft initial Code and Consultation Paper can be found below. With the exception of a small number of refinements to the design of individual reforms that the GMRG consulted upon through this process, the proposed legal and regulatory framework reflects the GMRG’s final recommendations on the design of the capacity trading reform package, which were endorsed by the COAG Energy Council (Energy Council). The draft package of legal and regulatory changes should therefore be read in conjunction with the GMRG’s final recommendations.
The purpose of the consultation process was to obtain stakeholder feedback on the draft package of legal and regulatory changes, which included:
the proposed amendments to the NGL and Regulations (National Gas Laws Amendments (Capacity Trading and Auctions));
the proposed amendments to the NGR, which include:
changes to existing parts of the NGR and, in particular, to Part 15A: Registered participants, Part 18: Natural Gas Services Bulletin Board and Part 22: Gas Trading Exchange;
the insertion of new parts into the NGR, including Part 24: Facilitating capacity trades and the capacity auction, Part 25: Capacity Auctions and Part 26: Standard market timetable;
a number of transitional rules, which are set out in Schedule 5: Transitional provisions for the introduction of the capacity trading reforms; and
the proposed Operational Transportation Service Code.
The GMRG also sought feedback on a number of refinements that were made to the design of the reforms, which Energy Council will need to agree to.
The draft package of legal and regulatory changes included an outline of the matters expected to be dealt with in the Capacity Transfer and Auction Procedures, which the Australian Energy Market Operator (AEMO) will consult upon. The outline was provided for stakeholder reference during their consideration of the proposed changes to the NGL, Regulations and NGR, but was not intended to be consulted upon in this process.
To help inform the consultation process, the GMRG hosted a public forum on the proposed legal and regulatory framework implementing the capacity trading reform package. The presentation from this forum is available below.
All stakeholder submissions received in response to this consultation process are available below, excluding where stakeholders clearly indicated that a submission should remain confidential, either in whole or in part. Submissions were received on a confidential basis from the following stakeholders:
North Queensland Gas Pipeline Pty Ltd (partially confidential)
Tasmanian Gas Pipeline Pty Ltd (partially confidential)
Legal and Regulatory Framework - Consultation Paper 1.42 MB
Legal and Regulatory Framework - Consultation Paper 2.03 MB
Draft Package of Legislative and Regulatory Changes - Attachment 1 2.67 MB
Stakeholder Feedback Template - Attachment 2 108.22 KB
Legal and Regulatory Framework - Public Forum Presentation 1.11 MB
AGIG response - Legal and Regulatory Framework Consultation 287.48 KB
AGL response - Legal and Regulatory Framework Consultation 209.98 KB
Alinta response - Legal and Regulatory Framework Consultation 271.62 KB
APA cover letter - Legal and Regulatory Framework Consultation 146.46 KB
APA response - Legal and Regulatory Framework Consultation 944.33 KB
APGA response - Legal and Regulatory Framework Consultation 751.48 KB
APLNG cover letter - Legal and Regulatory Framework Consultation 173.77 KB
APLNG response - Legal and Regulatory Framework Consultation 574.27 KB
Chemistry Australia response - Legal and Regulatory Framework Consultation 674.08 KB
ECA cover letter - Legal and Regulatory Framework Consultation 337.27 KB
ECA response - Legal and Regulatory Framework Consultation 140.3 KB
EnergyAustralia response - Legal and Regulatory Framework Consultation 337.5 KB
Epic Energy cover letter - Legal and Regulatory Framework Consultation 496.92 KB
Epic Energy response - Legal and Regulatory Framework Consultation 554.99 KB
ERM Power response - Legal and Regulatory Framework Consultation 311.92 KB
EUAA response - Legal and Regulatory Framework Consultation 166.3 KB
GLNG response - Legal and Regulatory Framework Consultation 2.85 MB
GPV response - Legal and Regulatory Framework Consultation 2.49 MB
Jemena response - Legal and Regulatory Framework Consultation 558.68 KB
MEU response - Legal and Regulatory Framework Consultation 53.29 KB
NQGP response - Legal and Regulatory Framework Consultation 493.4 KB
Origin response - Legal and Regulatory Framework Consultation 282.79 KB
PIAC response - Legal and Regulatory Framework Consultation 277.58 KB
PWC response - Legal and Regulatory Framework Consultation 3.66 MB
Shell response - Legal and Regulatory Framework Consultation 527.58 KB
Snowy Hydro response - Legal and Regulatory Framework Consultation 180.86 KB
TGP response - Legal and Regulatory Framework Consultation 498.44 KB