Summary of AEMC Recommendations The table below contains a summary of the recommendations contained in the AEMC’s Stage 2 Final Report which have been categorised by the AEMC as follows: required outcomes these recommendations were described by the AEMC as outcomes that must be progressed by the GMRG – and are necessary to the implementation of the reforms; preferred outcomes recommendations were described by the AEMC as outcomes that should be pursued by the GMRG – unless it is clear there are greater benefits in alternative approaches; and suggested outcomes recommendations were described by the AEMC as outcomes that have in-principle benefits but need – to be considered further by the GMRG. AEMC Recommendations Recommendation Required outcomes Preferred outcomes Suggested outcomes Standardisation of Standardisation of key primary and secondary Shippers provided greater flexibility to change their n.a. key primary and capacity contractual terms for pipeline and for hub receipt and delivery points services. secondary capacity Where possible and appropriate apply across the contractual terms eastern Australian gas market. Standards to be developed are for key operational, prudential and other contractual provisions in GTAs, CTAs and Operational GTAs, and provisions in contracts used for exchange based trading on the capacity trading platform. Counterparties to existing contracts should not be materially disadvantaged through the standardisation process
Summary of AEMC Recommendations The table below contains a summary of the recommendations contained in the AEMC’s Stage 2 Final Report which have been categorised by the AEMC as follows: required outcomes – these recommendations were described by the AEMC as outcomes that must be progressed by the GMRG and are necessary to the implementation of the reforms; preferred outcomes – recommendations were described by the AEMC as outcomes that should be pursued by the GMRG unless it is clear there are greater benefits in alternative approaches; and suggested outcomes – recommendations were described by the AEMC as outcomes that have in-principle benefits but need to be considered further by the GMRG. AEMC Recommendations Recommendation Required outcomes Preferred outcomes Suggested outcomes Standardisation of key primary and secondary capacity contractual terms Standardisation of key primary and secondary capacity contractual terms for pipeline and for hub services. Where possible and appropriate apply across the eastern Australian gas market. Standards to be developed are for key operational, prudential and other contractual provisions in GTAs, CTAs and Operational GTAs, and provisions in contracts used for exchange based trading on the capacity trading platform. Counterparties to existing contracts should not be materially disadvantaged through the standardisation process Shippers provided greater flexibility to change their receipt and delivery points n.a.