AEMO has not submitted to the AER a proposed pricing methodology for a period beyond the expiry of AEMO’s current approved pricing methodology for the period 1 July 2014 to 30 June 2019.
Instead AEMO sought to have the current approved pricing methodology continue to apply to allow AEMO more time to consider the impact on transmission network services and prices of the many recent changes to the way in which electricity is produced, supplied and consumed in the Victorian declared shared network and across the National Electricity Market (NEM). AEMO intends to consult with relevant stakeholders before submitting a new pricing methodology that accounts for these issues.
Accordingly, AEMO proposed an Undertaking to the AER under section 59A of the National Electricity Law to continue to set prices for shared transmission services in accordance with the terms of the approved pricing methodology for the period 1 July 2014 to 30 June 2019, for the period commencing 1 July 2019 and ending on 30 June 2021.
The AER has approved AEMO’s proposed Undertaking. It has been signed by:
- AER General Manager Mr Chris Pattas
- AEMO A/g Chief Finance Officer Mr Mark Briglia