Agenda Item Discussion Actions Decision/views 1 Recap on Some members suggested a Circulate draft of previous few amendments to the Operational GTA when meeting minutes from meeting #8. available. Update on Standardisation Circulate minutes from group: recently analysed the meeting #8 with the issue of flexibility when using suggested amendments. zones. Retained JWS to Circulate re-issued provide legal advice for the Energy Edge report group. when available. Update on Capacity trading platform (CTP) group: AEMO is currently developing a straw man of the capacity trading platform. The project team was informed that NERA has been selected as the consultant that will provide expert advice on auction design and that they will participate in the next meetings. The Energy Edge report presented on meeting #8 will be re-issued based on feedback from members of the group. 2 Update from The COAG Energy Council GMRG to add to COAG Energy met on the 14 July. parking lot: Council and The Council agreed that Cost recovery of the implications for AEMO will be the operator of auction needs further auction the capacity trading platform consideration. and the auction How the Gas Supply platform. Guarantee (for gas The Council directed the generation) will GMRG to ensure the impact in the information disclosure and auction (DAA). commercial arbitration rules Consider whether the commence by 1 August 2017 Australian Domestic (instead of 1 September). Gas Security The Council also tasked SCO Mechanism could to report by the end of the have implications to year on further regulatory the DAA. options to strengthen pipeline regulation. It is not clear what this work will cover, but it is likely to have an impact on the AEMC’s review of parts 8-12 of the NGR. 3 Legal and Amanda Seaton (JWS) presented Amanda (JWS) to create on how the overall a list of the issues that governance arrangements architecture is expected to work need to be captured required for the for both the CTP and DAA: somewhere in the auction governance The team noted the hierarchy arrangements. of the governance framework: law, regulations,
Agenda Item Discussion Actions Decision/views 1 Recap on previous meeting Some members suggested a few amendments to the minutes from meeting #8. Update on Standardisation group: recently analysed the issue of flexibility when using zones. Retained JWS to provide legal advice for the group. Update on Capacity trading platform (CTP) group: AEMO is currently developing a straw man of the capacity trading platform. The project team was informed that NERA has been selected as the consultant that will provide expert advice on auction design and that they will participate in the next meetings. The Energy Edge report presented on meeting #8 will be re-issued based on feedback from members of the group. Circulate draft of Operational GTA when available. Circulate minutes from meeting #8 with the suggested amendments. Circulate re-issued Energy Edge report when available. 2 Update from COAG Energy Council and implications for auction The COAG Energy Council met on the 14 July. The Council agreed that AEMO will be the operator of the capacity trading platform and the auction platform. The Council directed the GMRG to ensure the information disclosure and commercial arbitration rules commence by 1 August 2017 (instead of 1 September). The Council also tasked SCO to report by the end of the year on further regulatory options to strengthen pipeline regulation. It is not clear what this work will cover, but it is likely to have an impact on the AEMC’s review of parts 8-12 of the NGR. GMRG to add to parking lot: Cost recovery of the auction needs further consideration. How the Gas Supply Guarantee (for gas generation) will impact in the auction (DAA). Consider whether the Australian Domestic Gas Security Mechanism could have implications to the DAA. 3 Legal and governance arrangements required for the auction Amanda Seaton (JWS) presented on how the overall architecture is expected to work for both the CTP and DAA: The team noted the hierarchy of the governance framework: law, regulations, Amanda (JWS) to create a list of the issues that need to be captured somewhere in the governance arrangements.