14CDefinitions

14C Definitions

14C Definitions

In this Part—

contract position day—see section 14K(4)(b)(i);

forecast reliability gap—see section 14G(1);

forecast reliability gap period—see section 14G(2);

Ministerial reliability gap and Ministerial reliability gap period—see section 14JA(1)(b);

net contract position—see section 14O(3);

one-in-two year peak demand forecast, for a region during a specified period, means the peak demand forecast in accordance with the Rules—

(a) to occur for the region during the period; and

(b) where the likelihood is that the forecast amount will be exceeded once in any two-year period;

peak demand, for a period in a region, means the maximum electricity demanded, in megawatts, in the region during the period, determined in accordance with the Rules;

region means a region of the national electricity market determined under the Rules;

reliability gap period, in relation to a T-1 reliability instrument, means the forecast reliability gap period stated in the instrument;

reliability instrument means a T-3 reliability instrument or a T-1 reliability instrument;

reporting day—see section 14K(4)(b)(ii);

T-1 cut off day—see section 14G(4);

T-1 reliability instrument means a reliability instrument for a forecast reliability gap made by the AER under section 14K that relates to the T-1 cut-off day for the forecast reliability gap;

T-3 cut off day—see section 14G(3);

T-3 reliability instrument means—

(a) a reliability instrument for a forecast reliability gap made by the AER under section 14K that relates to the T-3 cut-off day for the forecast reliability gap; or

(b) a reliability instrument for a Ministerial reliability gap period made by a Minister of a participating jurisdiction under section 14JA;

trading interval means a period prescribed by the Rules to be a trading interval for the wholesale exchange;

wholesale exchange means the wholesale exchange for electricity operated and administered by AEMO under this Law and the Rules.

s 14C: Ins 2019 No 10, sec 7. Am 2023 No 8, sec 5.