The Code

The Code sets out industry participant responsibilities, including our own duties and responsibilities.

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Last updated: 14 October 2020

Part 1 - Preliminary provisions

Part 1 contains the interpretation section which sets out the definitions of the bolded words used in the Code.

Part 2 - Availability of Code information

Part 2 sets out a Participant’s right to request Code information from the Authority. Part 2 includes obligations on the Authority and on Participant’s to respond to requests for Code information and includes rights to appeal where a request is refused.

Part 3 - Market operation service providers

Part 3 sets out certain terms relating to arrangements between the Authority and market operation service providers.

Part 4 - Force majeure provisions relating to ancillary service agents

Part 4 sets out the terms on which force majeure relief will be available to ancillary service agents.

Part 5 - Regime for dealing with undesirable trading situations

Part 5 sets out how the Authority will deal with undesirable trading situations. It includes criteria for investigating undesirable trading situations and details directions the Authority may order to be taken to correct an undesirable trading situation.

Part 6 - Connection of distributed generation

Part 6 sets out provisions relating to the connection of distributed generation. It provides a framework to enable the connection of distributed generation and sets out the regulated terms that will apply unless parties have agreed otherwise.

Part 7 - System operator

Part 7 sets out the principal performance obligations and the functions of the system operator.

Part 8 - Common quality

Part 8 relates to common quality. It sets out the performance obligations of the system operator and asset owners, arrangements concerning ancillary services, extended reserve, and technical codes.

Part 9 - Security of supply

Part 9 relates to security of supply. It sets out provisions relating to the management and co-ordination of planned outages as an emergency measure during energy shortages.

Part 10 - Metering

Part 10 sets out certain obligations of participants in relation to metering. It also sets out responsibilities for existing and new metering installations, including processes and procedures for testing, calibrating and certifying metering installations.

Part 11 - Registry information management

Part 11 sets out obligations in relation to the management of information held by the registry, switching of customers, embedded generators, metering equipment providers, and distributors, and management of events of trader default.

Part 12 - Transport

Part 12 relates to transmission. It includes provisions about transmission agreements, grid reliability and industry information, the transmission pricing methodology, interconnection asset services, and the preparation of an Outage Protocol.

Part 12A - Distributor agreements and arrangements

Part 12A sets out provisions relating to distributor agreements and arrangements.  

Part 13 - Trading arrangements

Part 13 provides for processes including those that apply when: purchasers and generators submit and revise bids and offers for electricity, grid owners submit and revise information, ancillary service agents submit reserve offers and the system operator collects information; the system operator prepares schedules and issues dispatch instructions; the clearing manager holds must-run dispatch auctions; the pricing manager collects data and produces provisional prices and final prices; generators apply for approval from the Authority Board to have co-generator status; and information about risk management contracts is disclosed; and financial transmission rights are created and allocated.

Part 14 - Clearing and settlement

Part 14 provides for: the sale and purchase of electricity to and from the clearing manager; how the clearing manager calculates and invoices amounts owing to and by the clearing manager for electricity, ancillary services, FTRs and other payments; the settlement of amounts payable under this Part; processes and remedies for an event of default; and the obligations of the clearing manager in relation to clearing and settlement, including washups, reporting and the operation of an operating account.

Part 14A - Prudential requirements

Part 14A sets out the requirements for prudential security to be provided by participants, and how they are administered by the clearing manager.

Part 15 - Reconciliation

Part 15 sets out obligations in relation to reconciliation of the electricity market. It includes provisions around data collection, preparation and submission of information to the reconciliation manager and how the reconciliation manager processes submission information.  It also sets out obligations around certification of reconciliation participants and approval of profiles used in the reconciliation process.

Part 16 - Special provisions relating to Rio Tinto agreements

Part 16 was revoked on 16 December 2013 by the Electricity Industry Participation (Revocation of Part 16) Code Amendment 2013.

Part 16A - Audits

Part 16A sets out provisions relating to participant audits to support the accurate settlement and operation of the wholesale electricity market and the use of the registry.

Part 17 - Transitional provisions

Part 17 includes the transitional provisions. It addresses the transition from the Electricity Governance Rules 2003 to the Code, and the transition to new arrangements for settlement and prudential security put in place in March 2015.