91ADAEMO’s east coast gas system reliability and supply adequacy functions

91AD AEMO’s east coast gas system reliability and supply adequacy functions

91AD AEMO’s east coast gas system reliability and supply adequacy functions

(1) AEMO’s east coast gas system reliability and supply adequacy functions are as follows—

(a) to monitor trends in the supply of, and demand for, covered gas in the east coast gas system and factors affecting, or that may potentially affect, the reliability or adequacy of the supply of gas within that system;

(b) to identify and communicate actual or potential risks or threats to the reliability or adequacy of the supply of covered gas within the east coast gas system;

(c) to report to and advise the MCE, including a member of the MCE, on matters relating to the reliability or adequacy of the supply of covered gas within the east coast gas system;

(d) to publish information relating to the reliability or adequacy of the supply of covered gas within the east coast gas system;

(e) to give directions to relevant entities to the extent AEMO considers necessary to maintain and improve the reliability or adequacy of the supply of covered gas within the east coast gas system;

(f) to trade in covered gas or to purchase pipeline services or services provided by a compression service provider, blend processing service provider or a storage provider to the extent AEMO considers necessary to maintain and improve the reliability or adequacy of the supply of covered gas within the east coast gas system;

(g) other functions conferred on AEMO by the Rules for the purposes of this section;

(h) to make, amend or revoke Procedures (East Coast Gas System Procedures) relating to a function specified in paragraphs (a) to (g).

(2) AEMO must not exercise the function specified in subsection (1)(f) unless AEMO is of the opinion that the trade or purchase is necessary to prevent, reduce or mitigate an actual or potential threat identified by AEMO in the exercise of the function specified in subsection (1)(b).

(3) AEMO must, within 3 months after the commencement of this section—

(a) prepare, in accordance with the Rules, guidelines relating to the exercise or performance of the functions specified in subsection (1)(e) and (f); and