Final reconciliation
10 Final reconciliation
The reporting officer must determine whether the IMO had, immediately before repeal day —
a surplus or deficit in relation to the recovery of the costs of performing its functions under the Electricity Industry (Wholesale Electricity Market) Regulations 2004; and
a surplus or deficit in relation to the recovery of the costs of performing its functions under the Gas Services Information Regulations 2012.
The reporting officer must do so in accordance with the WEM rules and the GSI rules.
The determination of a surplus or deficit is not to take into account the equity of the State.
The WEM rules and the GSI rules may provide for a surplus to be distributed to, or a deficit to be recovered from, market participants, whether directly or indirectly.
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