Wholesale Market Operation Procedures (Victoria) - Approved for distribution and use by:

Revocation of accreditation AEMO may revoke the accreditation of a controllable quantity by written notice to the relevant Market Participant specifying the effective date of the revocation, in the following circumstances: (a) if requested or agreed by the Market Participant in writing; or (b) if AEMO reasonably considers that the requirements of rule 210(7) of the NGR are no longer met in respect. [...] Exceeding cumulative price The administered price period AEMO will declare the administered price period threshold commences from the start of the to be at an end: scheduling interval in which a cumulative • at the end of the gas day following the gas price is greater than or equal to the day on which the cumulative price falls below cumulative price threshold in and remains below the cumulative p. [...] This means the last approved operating schedule for the scheduling horizon commencing at the start time of the next scheduling interval prior to the commencement of that scheduling interval, the latest version of the very first schedule for a scheduling interval. [...] Calculating the cumulative price The cumulative price for scheduling intervals up to and including schedule “s” on gas day “d” is the summation of the LAOS marginal clearing prices (MCP(s,d,LAOS)) over the previous (CPP-1) scheduling intervals plus the LAOS’ marginal clearing price (MCP(s,d,LAOS’)) for the next scheduling interval with a start time equal to the commencement time of the next schedu. [...] This means the last approved operating schedule for the scheduling horizon commencing at the start time of the next scheduling interval prior to the commencement of that scheduling interval, the latest version of the very first schedule for a scheduling interval.