14GMeaning of forecast reliability gap, forecast reliability gap period, T-3 cut off-day and T-1 cut-off day

14G Meaning of forecast reliability gap, forecast reliability gap period, T-3 cut off-day and T-1 cut-off day

14G Meaning of forecast reliability gap, forecast reliability gap period, T-3 cut off-day and T-1 cut-off day

(1) A forecast reliability gap occurs when the amount of electricity forecast for a region, in accordance with the Rules, does not meet the reliability standard to an extent that, in accordance with the Rules, is material and a reference in this Part to a forecast reliability gap includes, where the context requires, a reference to a Ministerial reliability gap.

(2) A forecast reliability gap period is the period during which a forecast reliability gap is forecast to occur and a reference in this Part to a forecast reliability gap period includes, where the context requires, a reference to a Ministerial reliability gap period.

(3) The T-3 cut-off day for a forecast reliability gap is the day that is 3 years before the day the forecast reliability gap period for the forecast reliability gap starts.

(4) The T-1 cut-off day for a forecast reliability gap is the day that is 1 year before the day the forecast reliability gap period for the forecast reliability gap starts.

(5) In this section—

reliability standard means the standard prescribed by the Rules for the reliability of electricity for the national electricity market.

s 14G: Ins 2019 No 10, sec 7. Am 2023 No 8, sec 6.