18ADefinitions

18A Definitions

18A Definitions

In this Division—

effective competition—see section 18B;

electricity contract means an agreement, entered into by a Registered participant, however described and whether coming into existence before or after the commencement of this section, that relates to a wholesale electricity market and includes an agreement—

(a) to supply electricity; or

(b) to purchase electricity; or

(c) for the transmission, distribution or storage of electricity; or

(d) relating to fuel and other inputs used in the generation of electricity; or

(e) relating to emissions produced or avoided in the generation of electricity; or

(f) to supply a wholesale demand response service;

financial risk management product means a contract or other arrangement, entered into by a Registered participant, to manage financial risk including, without limitation, risks associated with the following—

(a) price volatility in a wholesale electricity market;

(b) volatility in supply and demand in a wholesale electricity market;

(c) volatility in the price of fuels and other inputs used in the generation of electricity;

monitored market means—

(a) a wholesale electricity market; and

(b) a market for financial risk management products; and

(c) a market prescribed by the Regulations;

relevant agreement means—

(a) an electricity contract; and

(b) a financial risk management product.

s 18A: Ins 2016 No 56, sec 6. Am 2024 No 12, sec 6.