30AADefinitions

30AA Definitions

30AA Definitions

In this Division—

bilateral trading agreement means an agreement, entered into outside a wholesale gas market, to supply covered gas—

(a) to a wholesale gas market participant; or

(b) to an end user—

(i) other than by a retailer; or

(ii) by a retailer in a quantity exceeding the amount prescribed by the wholesale market monitoring guidelines;

effective competition has the meaning given by section 30AB;

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

(a) volatility in the price for 1 or more covered gases in a wholesale gas market;

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

(c) volatility in the price of services involved in the extraction, refinement or processing, transportation or storage of 1 or more covered gases;

gas contract means an agreement, entered into by a wholesale gas market participant, however described and whether coming into existence before or after the commencement of this section that relates to 1 or more of the following—

(a) the supply of covered gas;

(b) the purchase of covered gas;

(c) the transportation of covered gas;

(d) the storage of covered gas;

(e) the refining or processing, including compression and blending, of covered gas;

(f) relating to emissions produced or avoided in the extraction, refining or processing, supply or use of covered gas;

(g) a function or process prescribed by the Regulations or the Rules;

relevant agreement means the following—

(a) a bilateral trading agreement;

(b) a financial risk management product;

(c) a gas contract;

wholesale gas market means—