153G
In forceProhibited conduct—electricity spot market (basic case)
Volume 3Chapter 6, Part X to Chapter 8, Part XIII (sections 10.01 to 194)
Chapter 7Further provisions relating to particular industries etc.
Part XICAThe Electricity Industry
Division 2Prohibited conduct
153G Prohibited conduct—electricity spot market (basic case)
A corporation contravenes this section if:
(a)
the corporation:
(i)
bids or offers to supply electricity in relation to an electricity spot market; or
(ii)
fails to bid or offer to supply electricity in relation to an electricity spot market; and
(b)
the corporation does so:
(i)
fraudulently, dishonestly or in bad faith; or
(ii)
for the purpose of distorting or manipulating prices in that electricity spot market.
Note 1:
The Treasurer cannot make a contracting order in respect of a contravention of this section (see paragraph 153W(e)).
Note 2:
The Treasurer cannot apply for a divestiture order in respect of a contravention of this section (see paragraph 153ZA(e)).
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