On 2 May 2010, AEMO announced that the Gas Short Term Trading Market (STTM). This represents a three-month delay from the previous go-live date of 4 June 2010. The market trial will now continue until 31 August 2010.
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.
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.
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