Settlement Residue Committee

Under clause 3.18.5 of the National Electricity Rules, NEMMCO is required to establish a Settlement Residue Committee. The functions and membership of this committee are detailed below.

For further information on these documents, please contact: John Wormald, Head of Market Operations Performance.

Functions and Membership

Under clause 3.18.5 of the National Electricity Rules, NEMMCO must establish a Settlement Residue Committee (SRC).

The functions of the SRC are defined in this clause to be - 

1. approve any suspension, or removal of a suspension, imposed by NEMMCO on the conducting of auctions;

2. approve proposed amendments to the auction rules developed by NEMMCO;

3. monitor, review and report on the auctions conducted by NEMMCO under this clause 3.18; and

4. approve the costs and expenses incurred by NEMMCO in conducting auctions under this clause 3.18 and in entering into and administrating auction participation agreements and SRD agreements under this clause 3.18.

The membership of the SRC will comprise - 

1. an employee of NEMMCO appointed by NEMMCO, who will act as chairman of the committee;

2. a person representing Generators;

3. a person representing Market Customers;

4. a person representing Transmission Network Service Providers;

5. a person representing Traders;

6. a person appointed jointly by the relevant Ministers of the participating jurisdictions; and

7. a person appointed by AEMC to represent end use customers of electricity.

Group Membership:

Group membership as at 10 November 2008:

 

Generator	Roger Whitby GM Trading	Snowy Hydro Ltd
	Alternate: David Bowker	Hydro Tasmania
Jurisdiction	Vince Duffy Acting Director, Electricity	SA Department of Treasury & Finance
	Alternate: Julia Finn Policy Officer Energy Markets	Ministry of Energy and Utilities (NSW)
NEMMCO	Murray Chapman Acting General Manager Market Operations	NEMMCO
Retailer	Alex Cruickshank Manager NEM Development	AGL Energy Sales & Marketing
	Alternate: Con Van Kemenade Regulatory Strategy Manager	Origin Energy Electricity
TNSP	Phillip Gall Manager/Regulatory Affairs	TransGrid
Trader	Connell Burke Manager Trading, Westpac Energy	Westpac Banking Corporation
	Alternate: TBA
End Use Customer	Ron Hardwick Group Technical Manager	Visy Pulp and Paper