New Market Price Cap
The NEM Market Price Cap (formerly known as Value of Lost Load, or VoLL) is to increase from the current $10,000/MWh to $12,500/MWh with effect from 1 July 2010. The new rule ammendment was passed in May 2009.
Electricity Articles
July 2010 ETEF Rolloff
The NSW Government’s Electricity Tariff Equalisation Fund (ETEF) will now continue until 30th June 2011. Originally it was to be abolished after June 2010, however the latest privatisation plan from the Government extends the date another year.
ETEF Deferred in Privatisation Plan
As part of its latest electricity privatisation plan, the NSW Government has again extended the Electricity Tariff Equalisation Scheme (ETEF).
The latest plan has ETEF being phased out between 1 July 2010 and 30 June 2011, with a quarterly 20% roll-off. The exact dates of the roll-offs have not been specified.
Most recently, ETEF was set to run until June 2010, although the end of the scheme was left open-ended.
New Announcement on NSW Electricity Sale Process
The NSW Government has re-announced its electricity sale plans with some updates. While the ‘International Market Testing Update’ planned for expressions of interest in July / August, the new plan now sets the date from late September until mid-November 2009.
