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s 128

Review of wholesale electricity market operation

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Part 9Electricity system and electricity markets
Division 11Review of wholesale electricity market operation

128 Review of wholesale electricity market operation

(1)

The Coordinator must review the operation of the wholesale electricity market, and prepare a report based on the review —

(a)

as soon as practicable after the 3rd anniversary of the day on which the Electricity Industry Amendment (Distributed Energy Resources) Act 2024 section 3 comes into operation; and

(b)

after that, at intervals of not more than 3 years.

(2)

The purpose of the review is to assess the extent to which the State electricity objective has been or is being met.

(3)

The Coordinator must give the Minister a written report based on the review not later than 3 years and 6 months after —

(a)

for the first review, the day on which the Electricity Industry Amendment (Distributed Energy Resources) Act 2024 section 3 came into operation; or

(b)

for a subsequent review, the last preceding report was laid before each House of Parliament under subsection (5)(a).

(4)

If the Coordinator considers that the State electricity objective has not been and is not being met in whole or in part, the report must set out recommendations as to how the State electricity objective can be met.

(5)

As soon as practicable after receiving the report, the Minister must —

(a)

cause the report to be laid before each House of Parliament; and

(b)

prepare a response to the report and cause the response to be laid before each House of Parliament.

(6)

As soon as practicable after the report is laid before each House of Parliament, the Coordinator must post a copy of the report on a website maintained by the Coordinator.

[Section 128 amended: No. 9 of 2020 s. 22; No. 1 of 2024 s. 34.]

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