sec.14KAER may make reliability instrument for a region

sec.14K AER may make reliability instrument for a region

This section applies if— AEMO makes a request under section 14I in relation to a forecast reliability gap for a region; and where AEMO’s request is for a T-1 reliability instrument for the region, the AER has made a related T-3 reliability instrument or the Minister of the participating jurisdiction in which the region is located has made a related T-3 reliability instrument for the region. The AER must, within the period required by the Rules— consider the request; and decide whether or not to make a reliability instrument for the region in relation to the forecast reliability gap. The AER may decide to make a reliability instrument only— if the AER is satisfied— a forecast reliability gap is forecast, in accordance with the Rules, to occur in the region; and it is appropriate in the circumstances, having regard to the criteria stated in the Rules, to make the reliability instrument; and for the region, forecast reliability gap period and trading intervals as stated in AEMO’s request, without modification. A reliability instrument must state— the information mentioned in section 14I (4) (c) , as stated in AEMO’s request; and for a T-1 reliability instrument— the day (the contract position day ) on which liable entities are required under section 14R to hold a sufficient net contract position for the reliability gap period; and the day (the reporting day ) on which liable entities must report their net contract position as at the contract position day under section 14P . The reliability instrument takes effect when it is published on the AER’s website. The AER must publish its decision to make or refuse to make a reliability instrument, and the reasons for the decision, on the AER’s website before— in the case of a T-3 reliability instrument—the T-3 cut-off day or an earlier day prescribed by the Rules; or in the case of a T-1 reliability instrument—the T-1 cut-off day or an earlier day prescribed by the Rules. If a request made under section 14I was corrected under section 14J , a reference in this section to the request is a reference to the request as corrected. s 14K ins 2019 No. 10 (SA) s 7 amd 2023 No. 8 (SA) s 10 (sec.14K-ssec.1) This section applies if— AEMO makes a request under section 14I in relation to a forecast reliability gap for a region; and where AEMO’s request is for a T-1 reliability instrument for the region, the AER has made a related T-3 reliability instrument or the Minister of the participating jurisdiction in which the region is located has made a related T-3 reliability instrument for the region. (sec.14K-ssec.2) The AER must, within the period required by the Rules— consider the request; and decide whether or not to make a reliability instrument for the region in relation to the forecast reliability gap. (sec.14K-ssec.3) The AER may decide to make a reliability instrument only— if the AER is satisfied— a forecast reliability gap is forecast, in accordance with the Rules, to occur in the region; and it is appropriate in the circumstances, having regard to the criteria stated in the Rules, to make the reliability instrument; and for the region, forecast reliability gap period and trading intervals as stated in AEMO’s request, without modification. (sec.14K-ssec.4) A reliability instrument must state— the information mentioned in section 14I (4) (c) , as stated in AEMO’s request; and for a T-1 reliability instrument— the day (the contract position day ) on which liable entities are required under section 14R to hold a sufficient net contract position for the reliability gap period; and the day (the reporting day ) on which liable entities must report their net contract position as at the contract position day under section 14P . (sec.14K-ssec.5) The reliability instrument takes effect when it is published on the AER’s website. (sec.14K-ssec.6) The AER must publish its decision to make or refuse to make a reliability instrument, and the reasons for the decision, on the AER’s website before— in the case of a T-3 reliability instrument—the T-3 cut-off day or an earlier day prescribed by the Rules; or in the case of a T-1 reliability instrument—the T-1 cut-off day or an earlier day prescribed by the Rules. (sec.14K-ssec.7) If a request made under section 14I was corrected under section 14J , a reference in this section to the request is a reference to the request as corrected.