AGL - Compliance with the good faith rebidding provision

Sector: 
Segment: 
Category: 
Compliance review
Release date: 
12 May 2009
Related provisions: 

Clause 3.8.22A of the National Electricity Rules.

Event date: 
19 February 2008
Outcome: 

No further action.

Overview

The Australian Energy Regulator (AER) has issued an investigation report into the compliance of AGL Energy Limited (AGL) with the good faith rebidding provision of the National Electricity Rules (Rules).

This report completes the AER's comprehensive investigation into the rebidding behaviour of AGL during February 2008. The investigation is now closed and no further action will be taken.

The investigation focused on AGL's rebidding of its Torrens Island Power Station, located in the South Australia, for the trading day of 19 February 2008. The detailed investigation did not produce sufficient evidence to support a breach of the Rules.