EUAA Submission: Market Making Requirements in the NEM
Emily Wood | October 19, 2018
The debate around the competitiveness of the NEM has continued for many years. Consumers claim that generators have been “manipulating” the market and generators respond that they are “operating within the rules”. Change have been introduced eg “good faith bidding” rules in 2015 that were designed to address the perceived market manipulation. Consumers argue that the changes have had little impact of generator behaviour, generators again argue “they are operating within the rules of an energy only market”. There is back and forth debate around what are the factors contributing to rising wholesale prices with the AEMC[1] recently taking issue with the Grattan analysis[2] of the contribution of “gaming”.
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