Compensation following directions consultation Alternative formats available on request to PIAC - Contact PIAC
PIAC made a submission to the Australian Energy Market Commission (AEMC) regarding a rule change to alter how affected participants are compensated for services other than energy and market ancillary services.
PIAC broadly supports the rule change, which we consider may benefit consumers while having having limited impact on household consumers’ bills as it does not seek to change the types of directions for which parties may be compensated.
PIAC supports the proposed assessment framework for considering the rule change but recommends the rule-change is also assessed with regard to whether costs are allocated to those who benefit from them.
We support the AEMC’s proposal to amend clause 3.15.7A to allow the independent expert to consider ‘loss of revenue and net direct cost’ information and a move towards assessing compensation claims in house by AEMO.