Authorisation of the National Electricity Code
Industry Commission submission
This submission was released in February 1997. The National Electricity Code (the Code) has been developed by the National Grid Management Council (NGMC) following a decision by Heads of Government in February 1994 that the proposed national electricity market (NEM) be regulated by way of a code of conduct.
The NGMC has submitted the Code to the Australian Competition and Consumer Commission (ACCC) for authorisation because the provisions of the Code will require market participants to act in a manner which may be in breach of the Trade Practices Act.
This submission addresses three of the issues raised in the ACCC's comments and issues arising paper:
- the efficacy of the proposal to operate a gross market pool;
- the disclosure of market operation information; and
- a lack of clarity in the division of regulatory responsibilities.
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Role of the Code and market power in generation
Gross pooling arrangements
Disclosure of information
Access to distribution networks
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