WEM Metering Settlement and Prudential Calculations Formulation v060 Certified

WEM Metering, Settlement & Prudential Calculations
Australian Energy Market Operator
Applicable Trading Days: 13 December 2023

Version 6.0
Version published: 19 December 2023
Disclaimer:
This document or the information in it may be subsequently updated or amended. This document does not constitute
legal or business advice, and should not be relied on as a substitute for obtaining detailed advice about the Wholesale
Electricity Market Rules or any other applicable laws, procedures or policies. AEMO has made every effort to ensure
the quality of the information in this document but cannot guarantee its accuracy or completeness.
Accordingly, to the maximum extent permitted by law, AEMO and its officers, employees and consultants involved in
the preparation of this document:
• make no representation or warranty, express or implied, as to the currency, accuracy, reliability or completeness
of the information in this document; and
• are not liable (whether by reason of negligence or otherwise) for any statements or representations in this
document, or any omissions from it, or for any use or reliance on the information in it.
1
Version Control
A major version change occurs when the WEM Rules or WEM Procedures require changes to the equations from a
particular Trading Day onward.
A minor version change may occur for editorial changes, manifest errors or implementation changes that will apply to
the same Trading Day period as dictated by the major version.
Version Changes Author(s) Approver

1.0 Original publication consistent with WEM Rules effec- Stuart MacDougall Mark
tive 1 September 2019. Katsikandarakis
1.1 New functionality added to distinguish between pruden- Stuart MacDougall Mark
tials and settlements. Katsikandarakis
Update of Interest formulae for settlements.
Inclusion of Additional Repaid Amounts to be compli-
ant with WEM Rule 9.24.2(b).
Correction of SOMS F I(f, i) formulae for the Notional
Wholesale Meter.
Minor changes in formulae or invocation to improve per-
formance.
2.0 Consequential changes due to new WEM Rules effective Stuart MacDougall Mark
22 February 2020. Katsikandarakis
3.0 Consequential changes due to Coordinator fees in new Lisa Laurie Mark
WEM Rules effective 1 July 2021. Katsikandarakis
4.0 Consequential changes due to new WEM Rules effective Stuart MacDougall Mark
1 October 2021. Katsikandarakis
4.1 Inclusion of Default Levy Adjustment to be compliant Lisa Laurie Mark
with WEM Rule 9.24.9(e). Katsikandarakis
5.0 Publication consistent with WEM Reform Rules effec- Stuart MacDougall Nicholas Nielsen
tive 1 October 2023. Lisa Laurie
5.1 Consequential changes due to Market Suspension WEM Lisa Laurie Nicholas Nielsen
Amending Rules effective 1 October 2023.
5.2 Inclusion of Reserve Capacity Obligation Quantity Lisa Laurie Nicholas Nielsen
(RCOQ) estimation for prudentials.
Minor changes to Variable Categorisation to include In-
voice line item descriptions and moved to new section.
6.0 Consequential changes due to WEM Amendment (Re- Lisa Laurie Nicholas Nielsen
serve Capacity Reform) Rules 2023 Schedule 1 effective
13 December 2023: Capacity Rebate removed, SRCC
charges updated and Capacity Provider Payment up-
dated.
2
Contents
1 Introduction 5
2 Defined Terms, Sets and Associations 7

2.1 Participant Sets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
2.1.1 Axiomatic Participant Sets in AEMO systems . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
2.1.2 Sets of Rule Participant classes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
2.2 Facility Sets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
2.2.1 Axiomatic Facility Sets in AEMO systems . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
2.2.2 Sets of Facility Technology Types and Facility Classes . . . . . . . . . . . . . . . . . . . . . . . 9
2.2.3 Other Facility Sets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
2.3 Other Sets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
2.4 Associations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
2.4.1 Primary Associations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
2.4.2 Additional Associations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
3 Metering Calculation Engine 17

3.1 Invocation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
3.2 Connection Point Energy Quantities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
3.3 Metered Schedules (including estimation) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
3.3.1 Standard Metered Schedules (including estimation) . . . . . . . . . . . . . . . . . . . . . . . . . 20
3.3.2 Intermittent Load Metered Schedules (including estimation) . . . . . . . . . . . . . . . . . . . . 22
3.3.3 Data Statuses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27
3.3.4 Like Day, Like Period (LDLP) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
3.3.5 Scaling Factors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
3.4 Metering Aggregations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
3.4.1 Invocation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
3.4.2 CCQNDL P I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
3.4.3 ABSNDL P I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
3.4.4 MSNDL P I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
3.4.5 DSPL F I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
3.4.6 SOMS G I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
4 Calculation Engine 32
4.1 Invocation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
4.2 Daily Aggregations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
4.2.1 Net Settlement Amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
4.3 STEM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
4.3.1 STEM Payments and Charges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
4.4 Real-Time Energy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
4.4.1 Energy Payments and Charges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
4.4.2 Energy Uplift Payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35
4.4.3 Energy Uplift Charges (Recoverable) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37
4.4.4 Consumption Share . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38
4.5 Changed Outage Compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38
4.5.1 Outage Compensation Payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
4.5.2 Outage Compensation Charges (Recoverable) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
4.6 RTM Suspension Compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40
4.6.1 RTM Suspension Compensation Payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40
4.6.2 RTM Suspension Compensation Charges (Recoverable) . . . . . . . . . . . . . . . . . . . . . . 41
4.7 Essential System Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41
4.7.1 Contingency Raise Payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43
4.7.1.1 SESSM Award Availability Payments . . . . . . . . . . . . . . . . . . . . . . . . . . . 44
4.7.1.2 SESSM Award Refunds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45
4.7.1.3 SESSM Award Refund Exempt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46
4.7.2 Contingency Raise Charges (Recoverable) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48
4.7.2.1 Total Runway Share . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48
4.7.2.2 Facility Runway Share . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50
4.7.2.3 Network Runway Share . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51
4.7.2.4 RTM Suspension Share . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53
4.7.3 Contingency Lower Payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54
3
4.7.4 Contingency Lower Charges (Recoverable) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55
4.7.5 RoCoF Control Service Payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56
4.7.6 RoCoF Control Service Charges (Recoverable) . . . . . . . . . . . . . . . . . . . . . . . . . . . 57
4.7.6.1 Minimum RoCoF Control Service Charges . . . . . . . . . . . . . . . . . . . . . . . . 58
4.7.6.2 Share of Minimum RoCoF Charges . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59
4.7.6.3 Additional RoCoF Control Service Charges . . . . . . . . . . . . . . . . . . . . . . . . 61
4.7.7 Regulation Raise Payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62
4.7.8 Regulation Raise Charges (Recoverable) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 63
4.7.9 Regulation Share . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64
4.7.10 Regulation Lower Payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64
4.7.11 Regulation Lower Charges (Recoverable) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65
4.7.12 System Restart Service Payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66
4.7.13 System Restart Service Charges (Recoverable) . . . . . . . . . . . . . . . . . . . . . . . . . . . 67
4.7.14 NCESS Payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67
4.7.15 NCESS Charges (Recoverable) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68
4.7.16 FCESS Uplift Payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68
4.7.17 FCESS Enablement Losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 69
4.7.17.1 Contingency Reserve Raise Enablement Losses . . . . . . . . . . . . . . . . . . . . . . 69
4.7.17.2 Contingency Reserve Lower Enablement Losses . . . . . . . . . . . . . . . . . . . . . . 70
4.7.17.3 RoCoF Control Service Enablement Losses . . . . . . . . . . . . . . . . . . . . . . . . 71
4.7.17.4 Regulation Raise Enablement Losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . 72
4.7.17.5 Regulation Lower Enablement Losses . . . . . . . . . . . . . . . . . . . . . . . . . . . 73
4.7.18 FCESS Uplift Shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 74
4.8 Reserve Capacity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75
4.8.1 Capacity Payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 76
4.8.2 Capacity Credit Over-Allocations Payment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 77
4.8.3 TRCC Charges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 77
4.8.3.1 Targeted Reserve Capacity Cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 79
4.8.4 SRCC Charges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80
4.8.5 Capacity Cost Refunds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 82
4.8.5.1 Refund Aggregations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 82
4.8.5.2 Refund Caps . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 84
4.8.5.3 Net STEM Refund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 84
4.8.5.4 DSP Capacity Shortfall Refund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 87
4.8.5.5 Facility Reserve Capacity Deficit Refund . . . . . . . . . . . . . . . . . . . . . . . . . 87
4.8.5.6 MAX2 F D . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 91
4.8.5.7 Intermittent Load Refunds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 92
4.8.5.8 Refund Rates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 93
4.8.6 Intermittent Load Refunds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 96
4.9 Market Participant Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 97
4.9.1 Market Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 97
4.9.2 Participant Contribution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 97
4.9.3 Regulator Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 98
4.9.4 Coordinator Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 98
4.10 Service Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 98
4.10.1 Market Fee Payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 99
4.10.2 Regulator Fee Payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 99
4.10.3 Coordinator Fee Payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 99
4.11 Default Levy Adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 99
4.12 GST . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100
4.13 Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 101
4.14 Estimation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 103
5 Payments and Charges 106

5.1 Variable Categorisation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 106
5.2 Zero Sum Groups . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 107
6 Settlements 108
6.1 Weekly Settlement Amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 108
7 Prudentials 109
7.1 Trading Margin . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 109
4
1 Introduction
The purpose of this document is to:
• outline WEM Metering, Settlement and Prudential calculations as equations;
• provide additional context or structure equations in such a way that assists in understanding; and
• outline the formulation of a system that could be used to perform both settlement and prudential functions.
This document defines many variables that are used in equations. Each variable will have the following attributes
stated to assist in understanding:
Attribute Explanation Example

Variable The name of the variable ST EM P G I
Units $, {}, MW, MWh, MWs, $/MW, $/MWh, Flag, °C, $/MWh
Hz/500ms
Scope (SC) Tranche (T), Channel (CH), NMI (N), Contract(C), SESSM G
Award (SA), Essential System Service (E), Facility-Essential
System Service (FE), Network Contingency (NC), Facility-
Network Contingency (FNC), Capacity Credit Allocation
(A), Separately Certified Component (SCC), Facility (F),
Participant (P), Global (G)
Granularity (GR) Dispatch Interval (DI), Trading Interval (I), Trading Day I
(D), Trading Week (W*), Trading Month (M), Capacity Year
(CY), Financial Year (FY), Independent from time (X)
Rule WEM Rule reference 6.9.7
Description A description of the variable STEM Clearing Price for
Trading Interval i
Ref Either the equation number where it is defined in this docu- I
ment, or ’I’ to denote an input
* Trading Week granularity will include a numeric suffix that indicates on which day of the week the Trading Week
commences on i.e. 0 = Sunday, 1 = Monday, ... 4 = Thursday etc. This suffix will be included where the granular-
ity is used but not in the variable name e.g. EST IM AT ION F lag G W (w) and not EST IM AT ION F lag G W 0(w).
Granularity has a strict hierarchy: a Capacity Year is comprised of Trading Months which are comprised of Trading
Days which are comprised of Trading Intervals which are comprised of Dispatch Intervals. Some variables have no
time component, for example, they relate purely to a contract. In this instances the granularity is denoted as X. This
hierarchy is represented in Figure 1.
When defining a variable, it will always be defined for its granularity. For example, the variable IRCR P M (p, m) is
defined for a particular Trading Month m. It will only be defined by variables with a granularity of Trading Month
or coarser. However, when the variable is used to define other equations it may be expressed using a granularity finer
than its granularity, for example IRCR P M (p, d). When the variable is expressed like this, it is implicit that it refers
to the Trading Month m, in which Trading Day d falls.
A similar hierarchy (and convention) is adopted for scopes as illustrated by Figure 2.
5
Figure 1: Granularity hierarchy
Figure 2: Scope hierarchy
6
2 Defined Terms, Sets and Associations
Defined terms are used throughout the rules. These defined terms often convey specific information, for example
the term Scheduled Facility requires the facility to be registered with AEMO as outlined in the definition. Similarly,
some specific calculations only apply, or are interpreted based on these defined terms. In the implementation, these
defined terms are often represented as a set of Facilities (or Participants) that meet the definition of the defined term.
Furthermore, there are often associations between defined terms within the rules, for example Facilities are associated
to participants through registration.
This document defines all sets with the following conventions:
• The definition of each set variable is always Global and for a Trading Day and therefore the variable name
omits information about scope and granularity. For example the set of Scheduled Facilities in Trading Day d is
represented as SF (d), rather than being named SF G D(d).
• Subsets are defined by adding a scope argument. For example SF (p, d) represents the subset of SF (d) associated
with participant p.
2.1 Participant Sets

2.1.1 Axiomatic Participant Sets in AEMO systems
Calculations defined in the rules depend on different sets of participants. The participant sets outlined below are
considered to be axiomatic, or the base sets, upon which all other sets will be created. These base sets are defined in
terms of how AEMO’s systems have been created. Sets which are calculated later are often sets of participants which
are defined in the rules, and in these instances the rule reference is provided.
Variable Units SC GR Rule Description Ref

WEMS MP(d) {} G D Set of participants with MP participant I
class in WEMS in Trading Day d
WEMS NO(d) {} G D Set of participants with NO participant I
WEMS PREG(d) {} G D Set of participants registered in WEMS I
in Trading Day d
2.1.2 Sets of Rule Participant classes

The following are classes of Rule Participants [MR 2.28.1]:
• Network Operator (NO)
• Market Participant (MP)
• AEMO (AEMO)
The diagram below shows the relationship between Rule Participant classes (purple) and other sets of participants
(green).
7
These sets are defined as follows:
[
P M (m) = P (d) (1)
d∈D(m)
[
P CY (cy) = P (d) (2)
d∈D CY (cy)
P (d) = COORDIN AT OR(d) ∪ ERA(d) ∪ RP (d) (3)
COORDIN AT OR(d) = {COE} (4)
ERA(d) = {ERA} (5)
W P N T W K(d) = {W P N T W K} (6)
RP (d) = M P (d) ∪ N O(d) ∪ AEM O(d) (7)
M P (d) = W EM S P REG(d) ∩ W EM S M P (d) (8)
AEM O(d) = {IM OW A} (9)
N O(d) = W EM S P REG(d) ∩ W EM S N O(d) (10)

P M(m) {} G M Set of participants (Rule Participants, (1)
ERA and the Coordinator) in Trading
Month m
P CY(cy) {} G CY Set of participants (Rule Participants, (2)
ERA and the Coordinator) in Capacity
Year cy
P(d) {} G D Set of participants (Rule Participants, (3)
Day d
COORDINATOR(d) {} G D 11 Set containing the Coordinator (4)
ERA(d) {} G D 11 Set containing the ERA (5)
WPNTWK(d) {} G D 11 Set containing Western Power (6)
RP(d) {} G D 11 Set of Rule Participants in Trading Day (7)
d
MP(d) {} G D 11 Set of Market Participants in Trading (8)
Day d
AEMO(d) {} G D 11 Set containing the AEMO (9)
NO(d) {} G D 11 Set containing Network Operators in (10)
Trading Day d
WEMS MP(d) {} G D Set of participants with MP participant I
WEMS NO(d) {} G D Set of participants with NO participant I
WEMS PREG(d) {} G D Set of participants registered in WEMS I
in Trading Day d
D(w) {} G W0 Set of Trading Days in Trading Week w I
D CY(cy) {} G CY Set of Trading Days in Capacity Year I
cy
8
2.2 Facility Sets
2.2.1 Axiomatic Facility Sets in AEMO systems
Calculations defined in the rules depend on different sets of Facilities. The Facility sets outlined below are considered
to be axiomatic, or the base sets, upon which all other sets will be created. These base sets are defined in terms of
how AEMO’s systems have been created. Sets which are calculated later are often sets of Facilities which are defined
in the rules, and in these instances the rule reference is provided.

WEMS DSP(d) {} G D Set of Facilities with a DSP WEMS I
Type in Trading Day d
WEMS SF(d) {} G D Set of Facilities with a SF WEMS Type I
in Trading Day d
WEMS SSF(d) {} G D Set of Facilities with a SSF WEMS I
WEMS NSF(d) {} G D Set of Facilities with a NSF WEMS I
WEMS IL(d) {} G D Set of Facilities with a IL WEMS Type I
in Trading Day d
WEMS N(d) {} G D Set of Facilities with a N WEMS Type I
in Trading Day d
WEMS NDL(d) {} G D Set of Facilities with a NDL WEMS I
NDL MTR(d) {} G D Set of Non-Dispatchable Loads with in- I
terval meters that are not in WEMS in
Trading Day d
WEMS FREG(d) {} G D Set of Facilities with a registered status I
in WEMS in Trading Day d
WEMS IM(d) {} G D Set of Facilities with an intermittent I
load status in WEMS in Trading Day
d
WEMS EG(d) {} G D Set of Facilities in WEMS that serve an I
Intermittent Load in Trading Day d
NOINTMETER(d) {} G D Set of Facilities in WEMS for which no I
interval meter exists in Trading Day d
CCF(d) {} G D Set of Facilities with Capacity Credits I
on Trading Day d
NMI(d) {} G D Set of all connection points in Trading I
Day d
RCM SF(d) {} G D Set of Facilities with an indicative SF I
RCM Type in Trading Day d
RCM SSF(d) {} G D Set of Facilities with an indicative SSF I
RCM NSF(d) {} G D Set of Facilities with an indicative NSF I
RCM DSP(d) {} G D Set of Facilities with an indicative DSP I
2.2.2 Sets of Facility Technology Types and Facility Classes

The following are Facility Technology Types [MR 2.29.1]:
• distribution system (DX)

• transmission system (TX)
• Intermittent Generating System (IG)
• Non-Intermittent Generating System (NIG)

• Electric Storage Resource (ESR)
• Load (LOAD)
The following are Facility Classes [MR 2.29.1A]:
9
• Network (NTWK)
• Scheduled Facility (SF)
• Semi-Scheduled Facility (SSF)
• Non-Scheduled Facility (NSF)
• Interruptible Load (IRL)

• Demand Side Programme (DSP)
These sets are defined as follows.
DSP (d) = W EM S F REG(d) ∩ W EM S DSP (d) (11)
indDSP (d) = W EM S F REG(d) ∩ RCM DSP (d) (12)
SF (d) = W EM S F REG(d) ∩ W EM S SF (d) (13)
indSF (d) = W EM S F REG(d) ∩ RCM SF (d) (14)
SSF (d) = W EM S F REG(d) ∩ W EM S SSF (d) (15)
indSSF (d) = W EM S F REG(d) ∩ RCM SSF (d) (16)
N SF (d) = W EM S F REG(d) ∩ W EM S N SF (d) (17)
indN SF (d) = W EM S F REG(d) ∩ RCM N SF (d) (18)
IRL(d) = W EM S F REG(d) ∩ W EM S IL(d) (19)
N DL W EM S(d) = W EM S F REG(d) ∩ W EM S N DL(d) (20)
N OT ION AL(d) = {N OT ION AL} (21)
N T W K(d) = W EM S F REG(d) ∩ W EM S N (d) (22)

DSP(d) {} G D 11 Set of Demand Side Programmes in (11)
Trading Day d
indDSP(d) {} G D 11 Set of unregistered Facilities with an in- (12)
dicative Facility Class of Demand Side
Programme in Trading Day d
SF(d) {} G D 11 Set of Scheduled Facilities in Trading (13)
Day d
indSF(d) {} G D 11 Set of unregistered Facilities with an in- (14)
dicative Facility Class of Scheduled Fa-
cility in Trading Day d
SSF(d) {} G D 11 Set of Semi-Scheduled Facilities in (15)
Trading Day d
indSSF(d) {} G D 11 Set of unregistered Facilities with (16)
an indicative Facility Class of Semi-
Scheduled Facility in Trading Day d
NSF(d) {} G D 11 Set of Non-Scheduled Facilities in Trad- (17)
ing Day d
10
indNSF(d) {} G D 11 Set of unregistered Facilities with (18)
an indicative Facility Class of Non-
Scheduled Facility in Trading Day d
IRL(d) {} G D 11 Set of Interruptible Loads in Trading (19)
Day d
NDL WEMS(d) {} G D Set of Non-Dispatchable Loads in (20)
WEMS registration in Trading Day d
NOTIONAL(d) {} G D 11 Set containing the Notional Wholesale (21)
Meter
NTWK(d) {} G D 11 Set of Networks in Trading Day d (22)
WEMS DSP(d) {} G D Set of Facilities with a DSP WEMS I
RCM DSP(d) {} G D Set of Facilities with an indicative DSP I
WEMS SF(d) {} G D Set of Facilities with a SF WEMS Type I
in Trading Day d
RCM SF(d) {} G D Set of Facilities with an indicative SF I
WEMS SSF(d) {} G D Set of Facilities with a SSF WEMS I
RCM SSF(d) {} G D Set of Facilities with an indicative SSF I
WEMS NSF(d) {} G D Set of Facilities with a NSF WEMS I
RCM NSF(d) {} G D Set of Facilities with an indicative NSF I
WEMS IL(d) {} G D Set of Facilities with a IL WEMS Type I
in Trading Day d
WEMS N(d) {} G D Set of Facilities with a N WEMS Type I
in Trading Day d
WEMS NDL(d) {} G D Set of Facilities with a NDL WEMS I
Trading Day d
2.2.3 Other Facility Sets

Additional sets of Facilities are required by the rules and are defined below.
REG F (d) = DSP (d) ∪ SF (d) ∪ SSF (d) ∪ N SF (d) ∪ IRL(d) ∪ N T W K(d) (23)
N DL(d) = N DL W EM S(d) ∪ N DL M T R(d) ∪ N OT ION AL(d) (24)
T ypical REGF (d) = (SF (d) ∪ SSF (d) ∪ N SF (d)) ∩ EG(i) (25)
IM L(d) = (IRL(d) ∪ N DL W EM S(d)) ∩ W EM S IM (d) (26)
EG(d) = W EM S F REG(d) ∩ W EM S EG(d) (27)

REG F(d) {} G D 11 Set of Registered Facilities in Trading (23)
Day d
NDL(d) {} G D 11 Set of Non-Dispatchable Loads in Trad- (24)
ing Day d
11
Typical REGF(d) {} G D Set containing SFs, SSFs and NSFs, ex- (25)
cluding any associated with an Inter-
mittent Load for Trading Day d
IML(d) {} G D 2.30B.1 Set of Loads which have an Intermittent (26)
Load component in Trading Day d
EG(d) {} G D 2.30B.2(a) Set of Registered Facilities that serve an (27)
Trading Day d
IRL(d) {} G D 11 Set of Interruptible Loads in Trading (19)
Day d
Trading Day d
NDL WEMS(d) {} G D Set of Non-Dispatchable Loads in (20)
WEMS registration in Trading Day d
Meter
ing Day d
NTWK(d) {} G D 11 Set of Networks in Trading Day d (22)
Day d
Trading Day d
WEMS EG(d) {} G D Set of Facilities in WEMS that serve an I
WEMS IM(d) {} G D Set of Facilities with an intermittent I
load status in WEMS in Trading Day
d
2.3 Other Sets

on Trading Day d
COP(d) {} G D Set of Facilities that are in Commercial I
Operation in Trading Day d
ESR(d) {} G D Set of Electric Storage Resources in I
Trading Day d
LegacyIML(d) {} G D 1.48.2 Set of Intermittent Loads that were I
treated by AEMO as an Intermittent
Load on the day before New WEM
Commencement Day, and continue to
retain this status on Trading Day d
NIMG(d) {} G D Set of Non-Intermittent Generating I
Systems in Trading Day d
PureLoad(d) {} G D App 2B 2.2(c)i Set of Scheduled Facilities, Semi- I
Scheduled Facilities or Non-Scheduled
Facilities that comprise only Loads in
Trading Day d

ARL(d) {} G D Set of SESSM Awards for Regulation I
Lower on Trading Day d
ACR(d) {} G D Set of SESSM Awards for Contingency I
Reserve Raise on Trading Day d
12
ACL(d) {} G D Set of SESSM Awards for Contingency I
Reserve Lower on Trading Day d
ARCS(d) {} G D Set of SESSM Awards for RoCoF Con- I
trol Service on Trading Day d
ARR(d) {} G D Set of SESSM Awards for Regulation I
Raise on Trading Day d
SRS(d) {} G D Set of System Restart Service Contracts I
in Trading Day d
NCESS(d) {} G D Set of NCESS Contracts in Trading Day I
d
SESSMDI(sa) {} SA X App 2C 2.3(c)i Set of all Dispatch Intervals in the I
SESSM Service Timing for SESSM
Award sa

B(d) {} G D Set of all generation metering channels I
associated with NMIs in Trading Day d
E(d) {} G D Set of all consumption metering chan- I
nels associated with NMIs in Trading
Day d
NS(d) {} G D 2.30B.10(a)ii Set of all connection points (NMIs) I
measuring an Intermittent Load which
are separately metered (and settled) in
Trading Day d
DSPNMI(d) {} G D Set of connection points which comprise I
a Demand Side Programme on Trading
Day d

CCAM(f, d) {} F D Set of Capacity Credit Allocations I
made by Facility f in Trading Day d
CCAR(p, d) {} P D Set of Capacity Credit Allocations re- I
ceived by participant p (from Facility
f) in Trading Day d

PGST(d) {} G D Set of all variables which are payments I
to which GST applies in Trading Day d
CGST(d) {} G D Set of all variables which are charges to I
which GST applies in Trading Day d

AF DI(di) {} G DI App 2A 2.3 Set of applicable facilities in Dispatch (156)
Interval di
AFadditional DI(di) {} G DI App 2A 2.4 Set of additional applicable facilities in (157)
Dispatch Interval di
App2AF DI(di) {} G DI App 2A 2.1 Set of facilities (identified in Appendix (160)
2A 2.1) to be included in the runway
share calculation in Dispatch Interval di
App2AFa(d) {} G D App 2A 2.1(a) Set of facilities (identified in Appendix (161)
2A 2.1(a)) to be included in the runway
share calculation in Trading Day d
App2AFbc(d) {} G D App 2A 2.1(b), Set of facilities (identified in Appendix (162)
App 2A 2.1(c) 2A 2.1(b) and 2.1(c)) to be included in
the runway share calculation in Trading
Day d
13
App2AFb DI(di) {} G DI App 2A 2.1(b) Set of facilities (identified in Appendix (163)
2A 2.1(b)) to be included in the runway
App2AFc DI(di) {} G DI App 2A 2.1(c) Set of facilities (identified in Appendix I
2A 2.1(c)) to be included in the runway
App2AIML DI(di) {} G DI App 2A 2.1A Set of facilities (identified in Appendix (159)
2A 2.1A) to be included in the runway

NC DI(di) {} G DI App 2A 4.1 Set of Network Contingencies that were I
taken into account when setting the
Contingency Reserve Raise requirement
in Dispatch Interval di
CF NC DI(nc, di) {} NC DI App 2A 4.5(a) Set of causer facilities that are appli- (170)
cable facilities or additional applicable
facilities associated with Network Con-
tingency nc in Dispatch Interval di
F NC DI(nc, di) {} NC DI App 2A 4.5(a) Set of Registered Facilities included in I
the Network Risk associated with Net-
work Contingency nc in Dispatch Inter-
val di
LCSC(di) {} G DI Set of Network Contingencies that set I
the Largest Credible Supply Contin-
gency in Dispatch Interval di

BDRR(di) {} G DI 7.2.4(c) Set of Registered Facilities whose EOI I
Quantity is higher than it would have
been otherwise as a result of a binding
ramp rate constraint applied in Dispatch
Interval di
BESSEM(di) {} G DI 7.8.5(b)(i) Set of Registered Facilities whose EOI I
Quantity is constrained to its Enablement
Minimum value as a result of a binding
Essential System Service Minimum con-
straint applied in Dispatch Interval di
BNCESS(di) {} G DI 9.9.9(g), Set of Registered Facilities whose EOI I
5.9.1(b) Quantity is higher than it otherwise
would have been as a result of a bind-
ing Constraint Equation relating to an
NCESS Contract in Dispatch Interval di

I(d) {} G D Set of Trading Intervals in Trading Day d I
DI(i) {} G I Set of Dispatch Intervals in Trading In- I
terval i
D M(m) {} G M Set of Trading Days in Trading Month m I
D CY(cy) {} G CY Set of Trading Days in Capacity Year cy I
PI4320a(i) {} G I Set of Trading Intervals within the 90th I
Trading Day prior to Trading Interval i’s
Trading Day that form part of the 4320
Trading Intervals prior to and including
Trading Interval i
14
PI4320b(i) {} G I Set of Trading Intervals within Trading I
Interval i’s Trading Day that form part
of the 4320 Trading Intervals prior to and
including Trading Interval i
PD89(d) {} G D Set of 89 Trading Days prior to Trading I
Day d
PI1440(i) {} G I Set of 1440 Trading Intervals prior to and I
including Trading Interval i
PITD(i) {} G I Set of Trading Intervals in the same Trad- I
ing Day as, but prior to, Trading Interval
i
PDITD(di) {} G DI Set of Dispatch Intervals in the same I
Trading Day as, but prior to, Dispatch
Interval di
PD1000(d) {} G D Set of 1000 Trading Days preceding (and I
excluding) Trading Day d
ESROI(d) {} G D Set of Electric Storage Resource Obliga- I
tion Intervals applicable on Trading Day
d
INTDAYS1(w) {} G W0 9.1.4 Set of days from (and including) the set- I
tlement day associated with the original
Settlement Statement up to (but exclud-
ing) settlement day for adjustment 1 Set-
tlement Statement for Trading Week w
EXPDAYS(d) {} G D Set of Trading Days that have not yet had I
a Settlement Statement issued, up to and
including Trading Day d-1
2.4 Associations
Associations are used to link two entities to each other. These associations are used in the document for the following
purposes:
• To reference a variable or attribute that applies to the parent of a child by relying on the primary or additional
associations listed below e.g. U OOM F I(t, i) is referring to the U OOM F I quantity for the Facility that is
associated with tranche t.
• To reference a Facility or NMI associated with an Intermittent Load by relying on the additional associations
listed below e.g. N M I(IM L2RG(f, i), i) is referring to the set of NMIs that are associated with the Remote
Generator that is associated with Intermittent Load f.
2.4.1 Primary Associations
Association Child SC Parent SC Description

F2P F P Association between Facility f and participant p
N2F N F Association between NMI n and Facility f (excluding
DSPs)
SCC2F SCC F Association between Separately Certified Compo-
nent scc and Facility f
CH2N CH N Association between channel ch and NMI n
C2P C P Association between contract c and participant p
15
A2F A F Association between a Capacity Credit Allocation a
and Facility f
SA2FE SA FE Association between a SESSM Award sa and a Fa-
cility f and Essential System Service e
2.4.2 Additional Associations

IML2EG F F Association between Intermittent Load f and any em-
bedded generator
IML2NS N F Association between Intermittent Load f and any
separately metered NMI that is measured by another
connection point
A2PM A P Association between Capacity Credit Allocation a
and the Market Participant making the allocation
A2PR A P Association between Capacity Credit Allocation a
and the Market Participant receiving the allocation
T2F T F Association between a price-quantity pair and the
Facility associated with the price-quantity pair
T2P T P Associations between a price-quantity pair and the
participant associated with the price-quantity pair
16
3 Metering Calculation Engine
Metering calculations are fundamental to settlement and prudential calculations. Due to the large volumes of data,
metering calculations are separated from the main calculation engine.
Metered Schedules are calculated for:

• Non-Dispatchable Loads (excluding those represented by the Notional Wholesale Meter)
• Scheduled Facilities
• Semi-Scheduled Facilities
• Non-Scheduled Facilities
• Notional Wholesale Meter
In order to determine these Metered Schedules the following information is required:
• Connection point energy quantities

• Facility category
• Facility aggregation requirements
The purpose of this section is to define Sent Out Metered Schedules (non-loss adjusted energy) and Metered Schedules
(loss adjusted energy) for each category of facility defined in the registration chapter. The Metered Schedules and Sent
Out Metered Schedules for unregistered NDLs are the same as the connection point’s Metered Schedules as defined
previously. Intermittent Load facilities Metered Schedules do not use the same variables as all other facilities. These
Metered Schedules are detailed in their own section.
The equations in the following sections incorporate the concept of Aggregated Facilities [MR 2.30], which is a Regis-
tered Facility with more than one connection point.
When estimating meter data, AEMO uses more general metering equations to incorporate estimation methodology.
When actual data is available, the equations simplify to the previously outlined metering equations. The more general
metering equations are detailed in the subsequent subsections.
3.1 Invocation
The following table outlines the invocation for the high-level calculations.
Variable Scope Set

M S F I(n, i) ∀f ∈ SF (i) ∪ SSF (i) ∪ N SF (i) ∪ N DL(i)
SOM S F I(f, i) ∀f ∈ SF (i) ∪ SSF (i) ∪ N SF (i) ∪ N DL(i)

MS F I(f, i) MWh F I 9.5.2, Metered Schedule for Facility f in Trad- (31)
2.30B.10, ing Interval i
2.30B.11
SOMS F I(f, i) MWh F I Sent Out Metered Schedule for Facility (32)
f in Trading Interval i
ing Day d
ing Day d
Day d
Trading Day d
17
3.2 Connection Point Energy Quantities
Western Power is a Metering Data Agent and provides AEMO with:
• Meter energy data (kWh); and
• Meter standing data (Participant, TLF, DLF).
Each connection point is assigned a NMI (National Meter Identifier).
For any single Trading interval, a NMI may have multiple meter channels that measure and store energy data. The
type of data varies; however, the channels containing energy data relevant to AEMO are B channels which measure
generation; and E channels which measure consumption.
The image below shows a sample of energy data received from Western Power. In this example it shows that NMI
8001000347 had 9.600 kWh of consumption for Trading Interval 03:30 on its E1 channel.
The image below shows a sample of standing data received from Western Power. In this example it shows that NMI
8001000266 had a TLF of TSAV, a DLF of QRT6, and a Financially Responsible Market Participant (FRMP) of
ERMPOWER.
18
Some specific items of note:
• Standing Data only provides data at a specific point in time - i.e. no historical data is stored in the file. Therefore
AEMO’s databases must consider how it will maintain historical information.
• The TLF is sent to AEMO against the TransmissionNodeIdentifier attribute. Market Participants (other than
AEMO) receive files with the Transmission Network Identifier (TNI) in this field, and they do not receive TLFs.
A TLF can be derived from a TNI and historical metering data.
Each NMI n has a non-loss adjusted energy quantity associated with it for every Trading Interval i.
Facilities without an interval meter (i.e. SCADA-only facilities) have the identical NMI name and Facility name in
AEMO’s systems (e.g. n = COLLIE G1, f = COLLIE G1).
(
SCADA F I(n, i) for n ∈ N OIN T M ET ER(i)
M eterData N I(n, i) = (28)
netM Q N I(n, i) for n ∈
/ N OIN T M ET ER(i)
X X
netM Q N I(n, i) = M Q CH I(ch, i) − M Q CH I(ch, i) (29)
ch∈B(n,i) ch∈E(n,i)
estM eterData N I(n, i) = M eterData N I(n, LDLP N I(n, i)) × SF N I(n, i) (30)
19
MeterData N I(n, i) MWh N I Non-loss adjusted energy quantity for (28)
NMI n in Trading Interval i
netMQ N I(n, i) MWh N I Net energy measured by NMI n in Trad- (29)
ing Interval i, non-loss adjusted
estMeterData N I(n, i) MWh N I Non-loss adjusted energy quantity (in- (30)
cluding estimation) for NMI n in Trad-
ing Interval i
Day d
MQ CH I(ch, i) MWh CH I Energy measured by metering channel I
ch in Trading Interval i, non-loss ad-
justed
Interval meter exists in Trading Day d
SCADA F I(f, i) MWh F I 9.9.13 Net generation measured by SCADA I
for Facility f in Trading Interval i, non-
loss adjusted
3.3 Metered Schedules (including estimation)

Metered Schedules are required to be estimated for the purposes of determining a Market Participant’s Outstanding
Amount.
When a Metered Schedule does not exist because data is yet to be provided by the Meter Data Agent, an estimation
methodology is used to scale data from a similar period, depending on what data is available. The following sections
outline:
• the estimation methodology consistent with the requirements in WEM Procedure: Prudential Requirements.
• how data statuses are used to indicate if data exists;
• how a similar interval is determined using a ’Like Day, Like Period’ methodology; and
• how scaling factors are used.
3.3.1 Standard Metered Schedules (including estimation)

Meter Schedules are determined or estimated based on what data is available. The general philosophy for what data
to use is based on the following hierarchy as dictated by the WEM Procedure: Prudential Requirements:
1. Use M eterData N I data for the entire Facility, if M eterData N I data exists for any NMI associated with
Facility f, for Trading Interval i
2. Use SCADA energy data if it exists for Facility f, for Trading Interval i
3. Use EOI Quantity if it exists for Facility f, for Trading Interval i
4. Scale M eterData N I data for Facility f in the most recent similar interval of Trading Interval i
M S F I(f, i)


 SOM S N I(f, i) × T LF N D(f, i) × DLF N D(f, i) for f ∈ N DL M T R(i)

SOM S F I(f, i) × T LF F D(f, i) × DLF F D(f, i)



 for f ∈ T ypical REGF (i) ∪ (N DL W EM S(i) ∩ IM L(i))

M SIL F I(f, i) + M SEL F I(f, i) for f ∈ IM L(i)



= M SEG F I(EG2IM L(f, i), i) for f ∈ EG(i)

 X
−1 × M S F I(f, i) for f ∈ N OT ION AL(i)





f ∈SF (i)∪SSF (i)∪N SF (i)∪N DL∩N OT ION AL(i)




0 otherwise

(31)
20


SOM S N I(f, i) for f ∈ N DL M T R(i)




SOM Stypical F I(f, i) for f ∈ T ypical REGF (i) ∪ (N DL W EM S(i) ∩ IM L(i))

SOM SIL F I(f, i) + SOM SEL F I(f, i) for f ∈ IM L(i)


SOM S F I(f, i) = for f ∈ EG(i)
SOM SEG F I(EG2IM L(f, i), i)


 M S F I(f, i)

 for f ∈ N OT ION AL(i)
T LF F D(f, i) × DLF F D(f, i)





0 otherwise
(32)
(
M eterData N I(n, i) if Af terIM DF lag G D(i) = 1 or isData N I(n, i) > 0
SOM S N I(n, i) = (33)
estM eterData N I(n, i) otherwise
SOM Stypical F I(f, i)

 X

 M eterData N I(n, i) if Af terIM DF lag G D(i) = 1 or isData F I(f, i) > 0

n∈N M I(f,i)




(34)

SCADA F I(f, i) elseif SCADAN ullF lag G D(i) = 0
=

 0.5h × SCADAEOI F I(f, i) elseif EOIN ullF lag G D(i) = 0

 X




 estM eterData N I(n, i) otherwise
n∈N M I(f,i)

2.30B.11
SOMS N I(n, i) MWh N I Sent Out Metered Schedule (including (33)
estimation) for NMI n in Trading Inter-
val i
SOMStypical F I(f, i) MWh F I Sent Out Metered Schedule (including (34)
estimation) for typical registered Facil-
ity f in Trading Interval i
AfterIMDFlag G D(d) Flag G D Flag that is 1 when the Interval Me- I
ter Deadline has passed for the Trading
Week of Trading Day d, and 0 otherwise
DLF F D(f, d) F D Distribution Loss Factor for Facility f I
for Trading Day d
DLF N D(n, d) N D Distribution Loss Factor for NMI n for I
Trading Day d
EOINullFlag G D(d) Flag G D Flag that is 1 when EOI Quantities are I
unavailable for Trading Day d, and 0
otherwise
ing Interval i
isData F I(f, i) Flag F I Flag that is 1 when Facility f has en- (52)
ergy data in Trading Interval i, and 0
otherwise
isData N I(n, i) Flag N I Flag that is 1 when NMI n has energy (53)
data in Trading Interval i, and 0 other-
wise
21
LDLP N I(n, i) N I The interval used to determine scaled (55)
meter data for NMI n in Trading Inter-
val i
MSEG F I(f, i) MWh F I 9.5.2, Metered Schedule for the embedded (47)
2.30B.10(c) generator associated with Intermittent
i.3, ii.3, Load Facility f in Trading Interval i
iii.3, iv.3
MSEL F I(f, i) MWh F I 9.5.2, Metered Schedule for the embedded (46)
2.30B.10(c) load associated with Facility f in Trad-
i.2, ii.2, ing Interval i
iii.2, iv.2
MSIL F I(f, i) MWh F I 9.5.2, Metered Schedule for the intermittent (48)
i.1, ii.1, ing Interval i
iii.1, iv.1
Trading Day d
Day d
SF N I(n, i) N I Scaling Factor for NMI n in Trading In- (56)
terval i
Meter
SOMSEG F I(f, i) MWh F I Sent Out Metered Schedule for the em- (50)
bedded generator associated with Inter-
mittent Load Facility f in Trading Inter-
val i
SOMSEL F I(f, i) MWh F I Sent Out Metered Schedule for the em- (49)
bedded load associated with Facility f
in Trading Interval i
SOMSIL F I(f, i) MWh F I Sent Out Metered Schedule for the in- (51)
termittent load associated with Facility
loss adjusted
SCADAEOI F I(f, i) MW F I EOI Quantity of Facility f for Trading I
Interval i
SCADANullFlag G D(d) Flag G D Flag that is 1 when net generation I
quantities measured by SCADA are un-
available for Trading Day d, and 0 oth-
erwise
TLF F D(f, d) F D Transmission Loss Factor for Facility f I
for Trading Day d
TLF N D(n, d) N D Transmission Loss Factor for NMI n for I
Trading Day d
Typical REGF(d) {} G D Set containing SFs, SSFs and NSFs, ex- (25)
cluding any associated with an Inter-
mittent Load for Trading Day d
3.3.2 Intermittent Load Metered Schedules (including estimation)

An Intermittent Load comprises the following components that are all measured by the single connection point
associated with the Intermittent Load:
• Intermittent load associated with Load f
• Embedded Load (non-Intermittent Load) that is non-Intermittent Load f
• Generation associated with a Registered Facility IM L2EG(f, d)
22
The Metered Schedule calculations are different depending on whether the Intermittent Load existed prior to New
WEM Commencement Day (Legacy Intermittent Load) or not (New Intermittent Load).
The figure below is a graphical representation of this configuration.
The purpose of this section is to define the Metered Schedule Quantities for each of the components. To do this,
various standing data relating to the Intermittent Load and the embedded generator is used; however, the first step is
to perform the following preliminary calculations to derive AM Q F I.
Note, that the equations (35), (37) and (39) refer to more generalised equations (36), (38) and (40) to handle pruden-
tials as well as settlement.
The net metered quantity associated with the Intermittent Load is calculated:
X
N N M Q F I(f, i) = M eterData N I(n, i) (35)
n∈N M I(f,i)
X
estN N M Q F I(f, i) = estM eterData N I(n, i) (36)
n∈N M I(f,i)
N M Q F I(f, i) = N N M Q F I(f, i) × T LF F D(f, i) × DLF F D(f, i) (37)
estN M Q F I(f, i) = estN N M Q F I(f, i) × T LF F D(f, i) × DLF F D(f, i) (38)
The meter data associated with each individual NMI that is separately metered (and settled) associated with the
Intermittent Load is calculated:
X
N S F I(f, i) = M eterData N I(n, i) × T LF N D(n, i) × DLF N D(n, i) (39)
n∈N S(f,i)
X
estN S F I(f, i) = estM eterData N I(n, i) × T LF N D(n, i) × DLF N D(n, i) (40)
n∈N S(f,i)
Any separately metered (and settled) quantities associated with the Intermittent Load are removed to determine AMQ.
N M Q F I(f, i) − N S F I(f, i)

 if Af terIM DF lag G D(i) = 1 or isData F I(f, i) > 0


SCADA F I(f, i) elseif SCADAN ullF lag G D(i) = 0
AM Q F I(f, i) =

 0.5h × SCADAEOI F I(f, i) elseif EOIN ullF lag G D(i) = 0

estN M Q F I(f, i) − estN S F I(f, i) otherwise

(41)
23
NNMQ F I(f, i) MWh F I 2.30B.10(a)i Non-loss adjusted net metered energy (35)
measured by the connection point for
Facility f in Trading Interval i
estNNMQ F I(f, i) MWh F I 2.30B.10(a)i Non-loss adjusted net metered energy (36)
measured by the connection point (in-
cluding estimation) for Facility f in
Trading Interval i
NMQ F I(f, i) MWh F I 2.30B.10(a)i Loss adjusted net metered energy mea- (37)
sured by the connection point for Facil-
estNMQ F I(f, i) MWh F I 2.30B.10(a)i Loss adjusted net metered energy (in- (38)
cluding estimation) measured by the
connection point for Facility f in Trad-
ing Interval i
NS F I(f, i) MWh F I 2.30B.10(a)ii Net supply that is separately metered (39)
associated with Facility f for Trading
Interval i
estNS F I(f, i) MWh F I 2.30B.10(a)ii Net supply (including estimation) that (40)
is separately metered associated with
Facility f for Trading Interval i
AMQ F I(f, i) MWh F I 2.30B.10(a)vi, Adjusted meter quantity (including es- (41)
2.30B.11(a)iii timation) for Facility f in Trading Inter-
val i
for Trading Day d
DLF N D(n, d) N D Distribution Loss Factor for NMI n for I
Trading Day d
EOINullFlag G D(d) Flag G D Flag that is 1 when EOI Quantities are I
unavailable for Trading Day d, and 0
otherwise
ing Interval i
otherwise
Day d
NS(d) {} G D 2.30B.10(a)ii Set of all connection points (NMIs) I
measuring an Intermittent Load which
are separately metered (and settled) in
Trading Day d
loss adjusted
SCADAEOI F I(f, i) MW F I EOI Quantity of Facility f for Trading I
Interval i
erwise
for Trading Day d
TLF N D(n, d) N D Transmission Loss Factor for NMI n for I
Trading Day d
24
Then the AM Q F I value is split into three components based on whether it existed prior to New WEM Commence-
ment Day, the standing data of the Intermittent Load or its associated embedded generator.
For Legacy Intermittent Loads:
• If AM Q F I is positive (generating), then the generation is attributed to the embedded generator up until its
maximum sent out generation, with any excess generation being attributed to the Intermittent Load Metered
Schedules.
• If AM Q F I is negative (consuming), then the consumption is attributed to the embedded load up until its
maximum non-intermittent consumption, with any excess consumption being attributed to the Intermittent
Load Metered Schedules.
For New Intermittent Loads that are associated with a Registered Facility:
• If AM Q F I is positive (generating), then the generation is attributed to the embedded generator.
• If AM Q F I is negative (consuming), then the consumption is attributed to the embedded load.
For New Intermittent Loads that are not associated with a Registered Facility:
• AM Q F I is attributed to the embedded load.
The diagram below illustrates this concept.
Mathematically, this is achieved by performing the following calculations.
The maximum non-intermittent Load associated with Intermittent load f is determined as:
N L F D(f, d) = −N Lstanding F D(f, d) × T LF F D(f, d) × DLF F D(f, d) (42)
The maximum Sent Out Generation for an embedded generator, e, associated with Intermittent Load f is determined as:
M SGEG F D(f, d) = M SG F D(IM L2EG(f, d), d) (43)
M SG F D(f, d) = 0.5h × SOC F D(f, d) × T LF F D(f, d) × DLF F D(f, d) (44)
SOC F D(f, d) = max(0, M SOC F D(f, d)) (45)
25
Although the equations in the rules for Legacy Intermittent Loads are written differently to the equations below, they
are mathematically equivalent.
min(0, max(N L F D(f, i), AM Q F I(f, i))) for f ∈ IM L(i) ∩ LegacyIM L(i)




min(0, AM Q F I(f, i)) for f ∈ IM L(i) ∩ LegacyIM L(i)



M SEL F I(f, i) = and IM L2EG(f, i) is not NULL (46)





AM Q F I(f, i) for f ∈ IM L(i) ∩ LegacyIM L(i)

and IM L2EG(f, i) is NULL
max(0, min(M SGEG F D(f, i), AM Q F I(f, i))) for f ∈ IM L(i) ∩ LegacyIM L(i)




max(0, AM Q F I(f, i)) for f ∈ IM L(i) ∩ LegacyIM L(i)



M SEG F I(f, i) = and IM L2EG(f, i) is not NULL (47)





 0 for f ∈ IM L(i) ∩ LegacyIM L(i)

AM Q F I(f, i) − M SEL F I(f, i) − M SEG F I(f, i) for f ∈ IM L(i) ∩ LegacyIM L(i)





0 for f ∈ IM L(i) ∩ LegacyIM L(i)



M SIL F I(f, i) = and IM L2EG(f, i) is not NULL


0


 for f ∈ IM L(i) ∩ LegacyIM L(i)

(48)
The non-loss adjusted Metered Schedules for Embedded Load and Embedded Generator and Intermittent Load are
defined as:
M SEL F I(f, i)
SOM SEL F I(f, i) = (49)
M SEG F I(f, i)
SOM SEG F I(f, i) = (50)
M SIL F I(f, i)
SOM SIL F I(f, i) = (51)

NL F D(f, d) MWh F D 2.30B.10(a)iii Maximum possible consumption that is (42)
non-intermittent associated with Facil-
ity f in Trading Day d. This has a neg-
ative value.
MSGEG F D(f, d) MWh F D 2.30B.10(a)v Maximum sent out generation of the (43)
embedded generator serving Intermit-
tent Load Facility f in Trading Day d
MSG F D(f, d) MWh F D 2.30B.10(a)v Maximum sent out generation of Facil- (44)
ity f in Trading Day d
SOC F D(f, d) MW F D 11 Sent Out Capacity of Facility f in Trad- (45)
ing Day d
MSEL F I(f, i) MWh F I 9.5.2, Metered Schedule for the embedded (46)
i.2, ii.2, iii.2, ing Interval i
iv.2
MSEG F I(f, i) MWh F I 9.5.2, Metered Schedule for the embedded (47)
2.30B.10(c) generator associated with Intermittent
i.3, ii.3, iii.3, Load Facility f in Trading Interval i
iv.3
26
MSIL F I(f, i) MWh F I 9.5.2, Metered Schedule for the intermittent (48)
i.1, ii.1, iii.1, ing Interval i
iv.1
SOMSEL F I(f, i) MWh F I Sent Out Metered Schedule for the em- (49)
bedded load associated with Facility f
SOMSEG F I(f, i) MWh F I Sent Out Metered Schedule for the em- (50)
bedded generator associated with Inter-
mittent Load Facility f in Trading Inter-
val i
AMQ F I(f, i) MWh F I 2.30B.10(a)vi, Adjusted meter quantity for Facility f (41)
2.30B.11(a)iii in Trading Interval i
for Trading Day d
MSOC F D(f, d) MW F D App 1 (b)v, Maximum sent out capacity under op- I
(c)v, (d)v timal conditions of Facility f in Trading
Day d
NLstanding F D(f, d) MWh F D App 1 (g)iii Maximum possible consumption that is I
non-intermittent (nominated in stand-
ing data) associated with Facility f in
Trading Day d. This has a positive
value.
for Trading Day d
3.3.3 Data Statuses

Statuses are set up to distinguish between NULL values and 0 values in AEMO’s generic settlement calculation engine.
Although these statuses are defined as equations in this section, they are treated as inputs in the metering calculations.
 X
1
 if isData N I(n, i) > 0
isData F I(f, i) = n∈N M I(f,i) (52)

0 otherwise


1 if n ∈ N OIN T M ET ER(i) and SCADAN ullF lag G D(i) = 0

isData N I(n, i) = 1 if (n ∈
/ N OIN T M ET ER(i) and M QN ullF lag N I(n, i) = 0 (53)

0 otherwise


otherwise
wise
27
Day d
MQNullFlag N I(n, i) Flag N I Flag that is 1 when metering data is I
unavailable for all of the B and E chan-
nels associated with NMI n in Trading
Interval i, and 0 otherwise
Day d
Interval meter exists in Trading Day d
erwise
3.3.4 Like Day, Like Period (LDLP)

A ’Like Day’ of Trading Interval i is defined as follows:
• If i falls on a Trading Day d that is a Public Holiday, then a ’Like Day’ is any Trading Day that is a Sunday.
• If i falls on a Trading Day d that is not a public holiday, then a ’Like Day’ is any Trading Day that is not a
Public Holiday and is the same day of the week as d.
The set of Trading Days that are a ’Like Day’ of Trading Interval i is infinitely large. For the purposes of estimation,
the set of Like Days we will use will be defined as the union of:
• the set of Like Days that occur after the last Trading Day for which the relevant Interval Meter Deadline has
passed; and
• the set containing the most recent Like Day for which the relevant Interval Meter Deadline has passed.
A ’Like Period’ of Trading Interval i is defined as any Trading Interval that is the same time of day as i.
A ’Like Day, Like Period’ of i, is defined as a Trading Interval that both falls on a ’Like Day’ of i and is a ’Like Period’
of i.
LDLP (i) = The set of ’Like Day, Like Periods’ of i as illustrated in the description above and table below. (54)
LDLP (i) set is ordered from most recent interval to least recent interval. LDLP(i)[1] refers to the most recent interval
in the set and LDLP(i)[j] refers to the least recent interval in the set.
Refer to the table below for examples illustrating LDLP(i) for estimating Trading Interval i when the calculation is
performed at time j.
# i@j LDLP(i) @ j Purpose of example

1 20:30 Fri 03 May 2019 cal- {20:30 Fri 26 Apr 2019, 20:30 Fri 19 Apr Shows omission of Public Holidays
culated @ 2019, 20:30 Fri 12 Apr 2019, 20:30 Fri (Good Friday) when i is not a Public
23:59 01 May 2019 05 Apr 2019, 20:30 Fri 29 Mar 2019, Holiday.
20:30 Fri 22 Mar 2019, 20:30 Fri 15 Mar
2019, 20:30 Fri 08 Mar 2019, 20:30 Fri
01 Mar 2019, 20:30 Fri 22 Feb 2019}
2 20:30 Fri 03 May 2019 cal- {20:30 Fri 26 Apr 2019, 20:30 Fri 19 Apr Compare with example 1 to show ef-
culated @ 2019, 20:30 Fri 12 Apr 2019, 20:30 Fri fect of calculating after the Interval
00:00 02 May 2019 05 Apr 2019, 20:30 Fri 29 Mar 2019} Meter Deadline for Trading Month
March 2019 on 8 May 2019.
3 08:00 Thu 25 Apr 2019 {08:00 Sun 21 Apr 2019, 08:00 Sun 14 Shows example when i falls on a
calculated @ Apr 2019, 08:00 Sun 07 Apr 2019, 08:00 Trading Day that is a Public Holi-
13:00 27 Apr 2019 Sun 31 Mar 2019, 08:00 Sun 24 Mar day (ANZAC Day).
2019, 08:00 Sun 17 Mar 2019, 08:00 Sun
10 Mar 2019, 08:00 Sun 03 Mar 2019,
08:00 Sun 24 Feb 2019}
28
# i@j LDLP(i) @ j Purpose of example
4 07:30 Thu 25 Apr 2019 {07:30 Thu 18 Apr 2019, 07:30 Thu 11 Compare with example 3 to show
calculated @ Apr 2019, 07:30 Thu 04 Apr 2019, 07:30 distinction between a Trading Day
13:00 27 Apr 2019 Thu 28 Mar 2019, 07:30 Thu 21 Mar that is a Public Holiday and a cal-
2019, 07:30 Thu 14 Mar 2019, 07:30 endar day that is a Public Holiday.
Thu 07 Mar 2019, 07:30 Thu 28 Feb
2019}
In subsequent sections, LDLP N I(n, i) will be used as the inputs to functions that expect a single Trading Interval
(and not a set of Trading Intervals). The purpose of this variable is to return the interval itself, if data is available,
otherwise to return the most recent interval in the set LDLP(i), for which data exists. This is defined mathematically
in the equations below.
i if isData N I(n, i) = 1 or Af terIM DF lag G D(i) = 1




LDLP (i)[1] elseif isData N I(n, LDLP (i)[1]) = 1




LDLP (i)[2] elseif isData N I(n, LDLP (i)[2]) = 1


LDLP N I(n, i) = . .. (55)

 .. .



LDLP (i)[j − 1] elseif isData N I(n, LDLP (i)[j − 1]) = 1




LDLP (i)[j] otherwise

val i
wise
LDLP(i) {} G I Set of Like Day, Like Periods of Trading (54)
Interval i. LDLP (i)[1] represents the
most recent Like Day, Like Period of
Trading Interval i and LDLP (i)[j] rep-
resents the least recent Like Day, Like
Period of Trading Interval i
3.3.5 Scaling Factors
SF N I(n, i)

LOADF CST G I(i)
ACT IV E N D(n, i) × LOADF CST G I(LDLP N I(n, i)) if LOADF CST G I(i) ̸= 0



=

 and LOADF CST G I(LDLP N I(n, i)) ̸= 0

ACT IV E N D(n, i) otherwise

(56)

SF N I(n, i) N I Scaling Factor for NMI n in Trading In- (56)
terval i
ACTIVE N D(n, d) Flag N D 1 if the NMI n is active and associated I
with a Market Participant in Trading
Day d and 0 otherwise
val i
LOADFCST G I(i) MW G I Load Forecast in Trading Interval i I
29
3.4 Metering Aggregations
3.4.1 Invocation
The following table outlines the preliminary invocation for the high-level calculations.
Variable Scope Set

ABSN DL P I(p, i) ∀p ∈ P (i)
CCQN DL P I(p, i) ∀p ∈ P (i)
DSP L F I(f, i) ∀f ∈ DSP (i)
M SN DL P I(p, i) ∀p ∈ P (i)
SOM S G I(i) N/A

ABSNDL P I(p, i) MWh P I Sum of the absolute value of Metered (58)
Schedules for all Non-Dispatchable
Loads for participant p in Trading In-
terval i
CCQNDL P I(p, i) MWh P I Sum of all Non-Dispatchable Load Me- (57)
tered Schedules that are negative for
participant p in Trading Interval i
DSPL F I(f, i) MWh F I 9.5.4 Demand Side Programme Load for Fa- (60)
cility f in Trading Interval i
MSNDL P I(p, i) MWh P I Sum of all Non-Dispatchable Load Me- (59)
tered Schedules for Market Participant
p in Trading Interval i
SOMS G I(i) MWh G I 11 Total Sent Out Generation in Trading (61)
Interval i
Trading Day d
Day d
3.4.2 CCQNDL P I
X
CCQN DL P I(p, i) = min(0, M S F I(f, i)) (57)
f ∈N DL(p,i)

MS F I(f, i) MWh F I 9.5.2, 9.5.3, Metered Schedule for Facility f in Trad- (31)
2.30B.11
ing Day d
3.4.3 ABSNDL P I
X
ABSN DL P I(p, i) = |M S F I(f, i)| (58)
f ∈N DL(p,i)
30
terval i
2.30B.11
ing Day d
3.4.4 MSNDL P I
X
M SN DL P I(p, i) = M S F I(f, i) (59)
f ∈N DL(p,i)

2.30B.11
ing Day d
3.4.5 DSPL F I
X
DSP L F I(f, i) = −SOM S N I(n, i) (60)
n∈DSP N M I(f,i)

SOMS N I(n, i) MWh N I Sent Out Metered Schedule (including (33)
estimation) for NMI n in Trading Inter-
val i
Day d
3.4.6 SOMS G I
X
SOM S G I(i) = max(0, SOM S F I(f, i)) (61)
f ∈SF (i)∪SSF (i)∪N SF (i)

Interval i
ing Day d
Day d
Trading Day d
31
4 Calculation Engine
AEMO uses the same calculation engine for both settlement and prudentials. Settlement calculations are determined
for a Trading Week; however, prudential calculations are determined for each Trading Day. Therefore, the common
calculation engine has been implemented on a daily basis, and can then be aggregated to achieve the required settlement
outputs.
4.1 Invocation
The following table outlines the invocation for the high-level calculations that occur after the metering calculations.
Variable Scope Set

T OT AL P D(p, d) ∀d ∈ D(w) and ∀p ∈ P (d)
SOM S G I(i) N/A

TOTAL P D(p, d) $ P D Total settlement amount (including (62)
GST and interest) for participant p in
Trading Day d
Interval i
4.2 Daily Aggregations
T OT AL P D(p, d) = N OIN T P D(p, d) + N ET IN T P D(p, d) (62)
N OIN T P D(p, d) = N ET SA P D(p, d) + SF M F SA P D(p, d) (63)

+ SF RF SA P D(p, d) + SF CF SA P D(p, d) + GST P D(p, d)

Trading Day d
NOINT P D(p, d) $ P D Total settlement amount (including (63)
GST, excluding interest) for participant
p in Trading Day d
NETINT P D(p, d) $ P D Net interest paid/charged to partici- (412)
pant p for Trading Day d
NETSA P D(p, d) $ P D 9.6.3 Net settlement amount for participant (64)
p in Trading Day d
SFMFSA P D(p, d) $ P D 9.13.2 Service Fee Settlement Amount paid to (403)
AEMO for Trading Day d
SFRFSA P D(p, d) $ P D 9.13.3 Service Fee Settlement Amount paid to (404)
the ERA for Trading Day d
SFCFSA P D(p, d) $ P D 9.13.4 Service Fee Settlement Amount paid to (405)
the Coordinator for Trading Day d
GST P D(p, d) $ P D Net GST paid/charged to participant p (409)
for Trading Day d
4.2.1 Net Settlement Amount

These equations are based on the equations stated in MR 9.6.
N ET SA P D(p, d) = ST EM SA P D(p, d) + RCSA P D(p, d) + RT ESA P D(p, d) + ESSSA P D(p, d) (64)

+ OCSA P D(p, d) + M P F SA P D(p, d) + DLASA P D(p, d) + M SCSA P D(p, d)
32
NETSA P D(p, d) $ P D 9.6.3 Net settlement amount for participant (64)
p in Trading Day d
STEMSA P D(p, d) $ P D 9.7.2 Settlement amount for energy cleared (65)
in STEM for participant p in Trading
Day d
RCSA P D(p, d) $ P D 9.8.2 Reserve Capacity settlement amount (290)
for participant p in Trading Day d
RTESA P D(p, d) $ P D 9.9.2 Real-Time Energy settlement amount (72)
ESSSA P D(p, d) $ P D 9.10.2 Essential System Services settlement (110)
amount for participant p in Trading
Day d
OCSA P D(p, d) $ P D 9.11.2 Outage compensation settlement (95)
Day d
MPFSA P D(p, d) $ P D 9.12.2 Market Participant Fee Settlement (397)
Amount charged to participant p for
Trading Day d
DLASA P D(p, d) $ P D 9.20.11(e) Default Levy Adjustment settlement (406)
Day d
MSCSA P D(p, d) $ P D 9.11A.3 Market suspension compensation set- (101)
tlement amount for participant p in
Trading Day d
4.3 STEM
ST EM SA P D(p, d) = ST EM SAS P D(p, d) − ST EM SAD P D(p, d) (65)

STEMSA P D(p, d) $ P D 9.7.2 Settlement amount for energy cleared (65)
in STEM for participant p in Trading
Day d
STEMSAS P D(p, d) $ P D 9.7 Settlement amount for energy sold in (66)
STEM for participant p in Trading Day
d
STEMSAD P D(p, d) $ P D 9.7 Settlement amount for energy pur- (67)
chased in STEM for participant p in
Trading Day d
4.3.1 STEM Payments and Charges

These equations are based on the equations stated in 9.7. They have been modified to separate quantities into payments
and charges.
X
ST EM SAS P D(p, d) = ST EM SAS P I(p, i) (66)
i∈I(d)
X
ST EM SAD P D(p, d) = ST EM SAD P I(p, i) (67)
i∈I(d)
(
ST EM P G I(i) × ST EM SQ P I(p, i) SSF G D(i) = 1
ST EM SAS P I(p, i) = (68)
0 SSF G D(i) = 0
(
ST EM P G I(i) × ST EM DQ P I(p, i) SSF G D(i) = 1
ST EM SAD P I(p, i) = (69)
0 SSF G D(i) = 0
ST EM SQ P I(p, i) = max(0, ST EM Q P I(p, i) × SSF G D(i)) (70)
33
ST EM DQ P I(p, i) = −min(0, ST EM Q P I(p, i) × SSF G D(i)) (71)

STEMSAS P D(p, d) $ P D 9.7 Settlement amount for energy sold in (66)
STEM for participant p in Trading Day
d
STEMSAD P D(p, d) $ P D 9.7 Settlement amount for energy pur- (67)
Trading Day d
STEMSAS P I(p, i) $ P I 9.7 Settlement amount for energy sold in (68)
STEM for participant p in Trading In-
terval i
STEMSAD P I(p, i) $ P I 9.7 Settlement amount for energy pur- (69)
Trading Interval i
STEMSQ P I(p, i) MWh P I 6.9.13(c) Energy sold in STEM by participant p (70)
STEMDQ P I(p, i) MWh P I 6.9.13(b) Energy bought in STEM by participant (71)
SSF G D(d) Flag G D 6.21.1(a) Flag that is 0 if STEM was suspended I
in Trading Day d, and 1 otherwise
STEMP G I(i) $/MWh G I 6.21.1(b) STEM Clearing Price declared for I
Trading Interval i
STEMQ P I(p, i) MWh P I 6.21.1(c) Energy purchased (sold) in STEM by I
I(d) {} G D Set of Trading Intervals in Trading Day I
d
4.4 Real-Time Energy

Real-Time Energy is split into the following parts:
• Energy payments and charges
• Energy Uplift payments and charges
RT ESA P D(p, d) = ET SA P D(p, d) − ET DA P D(p, d) + EU P P D(p, d) − EU R P D(p, d) (72)

RTESA P D(p, d) $ P D 9.9.2 Real-Time Energy settlement amount (72)
ETSA P D(p, d) $ P D Energy trading amount for energy sold (73)
in the Real-Time Energy market for
participant p for Trading Day d
ETDA P D(p, d) $ P D Energy trading amount for energy pur- (74)
chased in the Real-Time Energy market
for participant p for Trading Day d
EUP P D(p, d) $ P D Energy uplift amount payable to par- (81)
ticipant p for Trading Day d
EUR P D(p, d) $ P D Energy uplift recoverable amount for (89)
4.4.1 Energy Payments and Charges
X
ET SA P D(p, d) = ET SA P I(p, i) (73)
i∈I(d)
X
ET DA P D(p, d) = ET DA P I(p, i) (74)
i∈I(d)
34
ET SA P I(p, i) = F RT P G I(i) × N T SQ P I(p, i) (75)
ET DA P I(p, i) = F RT P G I(i) × N T DQ P I(p, i) (76)
N T SQ P I(p, i) = max(0, N T Q P I(p, i)) (77)
N T DQ P I(p, i) = −min(0, N T Q P I(p, i)) (78)
X
N T Q P I(p, i) = M S F I(f, i) + M SN DL P I(p, i) − N CP P I(p, i) (79)
f ∈REG F (p,i)
N CP P I(p, i) = N BP P I(p, i) − ST EM DQ P I(p, i) + ST EM SQ P I(p, i) (80)

ETSA P D(p, d) $ P D Energy trading amount for energy sold (73)
ETDA P D(p, d) $ P D Energy trading amount for energy pur- (74)
for participant p for Trading Day d
ETSA P I(p, i) $ P I Energy trading amount for energy sold (75)
participant p for Trading Interval i
ETDA P I(p, i) $ P I Energy trading amount for energy pur- (76)
for participant p for Trading Interval i
FRTP G I(i) $/MWh G I 11 Final Reference Trading Price for Trad- I
ing Interval i
NTSQ P I(p, i) MWh P I Quantity of energy sold in the Real- (77)
Time Energy market for participant p
for Trading Interval i
NTDQ P I(p, i) MWh P I Quantity of energy purchased in the (78)
Real-Time Energy market for partici-
pant p for Trading Interval i
NTQ P I(p, i) MWh P I 9.9.5 Net Trading Quantity for participant p (79)
2.30B.11
NCP P I(p, i) MWh P I 6.9.13 Net Contract Position for participant p (80)
NBP P I(p, i) MWh P I 6.9.2 Net Bilateral Position for participant p I
Day d
d
4.4.2 Energy Uplift Payments

Energy Uplift Payments are made to Market Participants in respect of their Registered Facilities when the marginal
offer price at which they are cleared is greater than the Energy Market Clearing Price (defined at the Reference Node),
35
thereby leaving them out of pocket.
X
EU P P D(p, d) = EU P P I(p, i) (81)
i∈I(d)
X
EU P P I(p, i) = EU P F I(f, i) (82)
f ∈REG F (p,i)
X
EU P F I(f, i) = EU P F DI(f, di) (83)
di∈DI(i)
EU P F DI(f, di) = M ISP RICE F DI(f, di) × U P LIF T P F DI(f, di) × U P LIF T Q F DI(f, di) (84)




 1 for RT ECQ F DI(f, di) > 0 and CREN T F DI(f, di) > 0






 and M OP F DI(f, di) > F EM CP G DI(di)

M ISP RICE F DI(f, di) = (85)

 and f ∈
/ BDRR(di) and f ∈
/ BESSEM (di) and f ∈
/ BN CESS(di)






 or RT M SuspF lag G DI(di) = 1


0 otherwise
U P LIF T P F DI(f, di) = max(0, M OP F DI(f, di) − F RT P G I(di)) (86)
U P LIF T Q F DI(f, di) = max(0, M S F DI(f, di)) (87)

SCADA F DI(f, di)

 × M S F I(f, di) for SCADA F I(f, di) ̸= 0
SCADA F I(f, di)

M S F DI(f, di) = (88)
 M S F I(f, di)
otherwise


6

EUP P D(p, d) $ P D Energy uplift amount payable to par- (81)
EUP P I(p, i) $ P I 9.9.6 Energy uplift amount payable to par- (82)
ticipant p for Trading Interval i
EUP F I(f, i) $ F I 9.9.7 Energy Uplift Payment for Facility f for (83)
Trading Interval i
EUP F DI(f, di) $ F DI 9.9.8 Energy Uplift Payment for Facility f for (84)
MISPRICE F DI(f, di) Flag F DI 9.9.9 Mispricing trigger for Facility f in Dis- (85)
patch Interval di
UPLIFTP F DI(f, di) $/MWh F DI 9.9.10 Energy Uplift Price for Facility f in Dis- (86)
patch Interval di
UPLIFTQ F DI(f, di) MWh F DI 9.9.11 Energy Uplift Quantity for Facility f in (87)
BDRR(di) {} G DI 9.9.9(e), Set of Registered Facilities whose EOI I
7.2.4(c) Quantity is higher than it would have
been otherwise as a result of a bind-
ing ramp rate constraint applied in Dis-
patch Interval di
36
BESSEM(di) {} G DI 9.9.9(f), Set of Registered Facilities whose EOI I
7.8.5(b)(i) Quantity is constrained to its Enable-
ment Minimum value as a result of a
binding Essential System Service Mini-
mum constraint applied in Dispatch In-
terval di
BNCESS(di) {} G DI 9.9.9(g), Set of Registered Facilities whose EOI I
5.9.1(b) Quantity is higher than it otherwise
would have been as a result of a bind-
ing Constraint Equation relating to an
NCESS Contract in Dispatch Interval
di
CRENT F DI(f, di) $/MW F DI 7.13.1EA(b) Congestion Rental for Facility f in Dis- I
patch Interval di
terval i
FEMCP G DI(di) $/MWh G DI 11 Final Energy Market Clearing Price for I
FRTP G I(i) $/MWh G I 11 Final Reference Trading Price for Trad- I
ing Interval i
d
MOP F DI(f, di) $/MWh F DI 9.9.9(c) Marginal Offer Price for Facility f in I
MS F DI(f, di) MWh F DI 9.9.12 Estimated of Injection or Withdrawal (88)
MWh for Facility f in Dispatch Interval
di
2.30B.11
Day d
RTECQ F DI(f, di) MWh F DI 9.9.9(a) Cleared Real-Time Energy Quantity for I
Facility f in Dispatch Interval di
RTMSuspFlag G DI(di) Flag G DI 9.9.8(a) Flag that is 1 if the Real-Time Market I
was suspended in Dispatch Interval di,
and 0 otherwise
loss adjusted
SCADA F DI(f, di) MWh F DI 7.13.1E(a)i Net generation measured by SCADA I
for Facility f in Dispatch Interval di,
non-loss adjusted
4.4.3 Energy Uplift Charges (Recoverable)

The cost of Energy Uplift Payments is allocated according to Consumption Share.
X
EU R P D(p, d) = EU R P I(p, i) (89)
i∈I(d)
EU R P I(p, i) = EU R G I(i) × CS P I(p, i) (90)
X
EU R G I(i) = EU P P I(p, i) (91)
p∈M P (i)
37
EUR P D(p, d) $ P D Energy uplift recoverable amount for (89)
EUR P I(p, i) $ P I 9.9.15 Energy uplift recoverable for partici- (90)
pant p for Trading Interval i
EUR G I(i) $ G I 9.9.14 Total energy uplift recoverable amount (91)
EUP P I(p, i) $ P I 9.9.6 Energy uplift amount payable to par- (82)
CS P I(p, i) P I 9.5.6 Consumption share of participant p in (92)
Trading Interval i
Day d
d
4.4.4 Consumption Share
 CCQ P I(p, i)

for CCQ G I ̸= 0
CS P I(p, i) = CCQ G I(i) (92)

0 for CCQ G I = 0
X
CCQ G I(i) = CCQ P I(p, i) (93)
p∈M P (i)
X
CCQ P I(p, i) = CCQN DL P I(p, i) + min(0, M S F I(f, i)) (94)
f ∈REG F (p,i)

Trading Interval i
CCQ P I(p, i) MWh P I 9.5.7 Consumption Contributing Quantity (94)
for participant p in Trading Interval i
CCQ G I(i) MWh G I 9.5.8 Sum of all Consumption Contributing (94)
Quantities for Trading Interval i
2.30B.11
Day d
Day d
4.5 Changed Outage Compensation

Changed Outage Compensation is split into two parts:
• Compensation paid to a Market Participant to cover the costs of a changed outage.
• Charge to Market Participants to recover the cost of outage compensation.

OCSA P D(p, d) = OCP P D(p, d) − OCR P D(p, d) (95)
38
OCSA P D(p, d) $ P D 9.11.2 Outage compensation settlement (95)
Day d
OCP P D(p, d) $ P D 9.11.3 Outage compensation payment for par- (96)
ticipant p in Trading Day d
OCR P D(p, d) $ P D 9.11.6 Charge to fund outage compensation, (98)
4.5.1 Outage Compensation Payments
X
OCP P D(p, d) = OCP P I(p, i) (96)
i∈I(d)
X
OCP P I(p, i) = OCP F I(f, i) (97)
f ∈REG F (p,i)

OCP P D(p, d) $ P D 9.11.3 Outage compensation payment for par- (96)
OCP P I(p, i) $ P I 9.11.4 Outage compensation payment for par- (97)
ticipant p in Trading Interval i
OCP F I(f, i) $ F I 3.18H.5(a) Outage compensation payment for Fa- I
cility f for Trading Interval i
Day d
d
4.5.2 Outage Compensation Charges (Recoverable)
X
OCR P D(p, d) = OCR P I(p, i) (98)
i∈I(d)
OCR P I(p, i) = OCP G I(i) × CS P I(p, i) (99)
X
OCP G I(i) = OCP P I(p, i) (100)
p∈M P (i)

OCR P D(p, d) $ P D 9.11.6 Charge to fund outage compensation, (98)
OCR P I(p, i) $ P I 9.11.7 Charge to fund outage compensation, (99)
for participant p in Trading Interval i
OCP G I(i) $ G I 9.11.5 Sum of all outage compensation pay- (100)
ments for Trading Interval i
OCP P I(p, i) $ P I 9.11.4 Outage compensation payment for par- (97)
ticipant p in Trading Interval i
Trading Interval i
Day d
d
39
4.6 RTM Suspension Compensation
Real-Time Market Suspension Compensation is split into the following parts:
• Market Participant Deficit Amount paid to a Market Participant to cover a shortfall during a suspension.
• Charge to Market Participants to recover the cost of a Market Suspension Deficit Amount.
• Charge to a Market Participant to recover a Market Participant Excess Amount.

• Market Suspension Excess Amount paid to Market Participants to redistribute the excess paid during a suspen-
sion.
These equations are based on the equations stated in MR 9.11A.
M SCSA P D(p, d) = M P DA P D(p, d) − M P EA P D(p, d) (101)

− M SDAcharge P D(p, d) + M SEArebate P D(p, d)

MSCSA P D(p, d) $ P D 9.11A.3 Market suspension compensation set- (101)
tlement amount for participant p in
Trading Day d
MPDA P D(p, d) $ P D 9.11A.4 Market Participant Deficit Amount (102)
payable to participant p in Trading Day
d
MPEA P D(p, d) $ P D 9.11A.5 Market Participant Excess Amount re- (106)
coverable from participant p in Trading
Day d
MSDAcharge P D(p, d) $ P D 9.11A.6 Market suspension deficit amount re- (107)
Day d
MSEArebate P D(p, d) $ P D 9.11A.9 Market suspension excess amount (103)
payable to participant p in Trading
Day d
4.6.1 RTM Suspension Compensation Payments
X
M P DA P D(p, d) = M P DA P I(p, i) (102)
i∈I(d)
X
M SEArebate P D(p, d) = M SEArebate P I(p, i) (103)
i∈I(d)
M SEArebate P I(p, i) = M SEA G I(i) × CS P I(p, i) (104)
X
M SEA G I(i) = M P EA P I(p, i) (105)
p∈M P (i)

MPDA P D(p, d) $ P D 9.11A.4 Market Participant Deficit Amount (102)
payable to participant p in Trading Day
d
MSEArebate P D(p, d) $ P D 9.11A.9 Market suspension excess amount (103)
Day d
MSEArebate P I(p, i) $ P I 9.11A.10 Market suspension excess amount (104)
Interval i
40
Trading Interval i
d
Day d
MPDA P I(p, i) $ P D 7.11B.1AC(f) Market Participant Deficit Amount I
payable to participant p in Trading In-
terval i
MPEA P I(p, i) $ P I 7.11B.1AB(b) Market Participant Excess Amount re- I
Interval i
MSEA G I(i) $ G I 9.11A.11 Market suspension excess amount re- (105)
coverable in Trading Interval i
4.6.2 RTM Suspension Compensation Charges (Recoverable)

X
M P EA P D(p, d) = M P EA P I(p, i) (106)
i∈I(d)
X
M SDAcharge P D(p, d) = M SDAcharge P I(p, i) (107)
i∈I(d)
M SDAcharge P I(p, i) = M SDA G I(i) × CS P I(p, i) (108)
X
M SDA G I(i) = M P DA P I(p, i) (109)
p∈M P (i)

MPEA P D(p, d) $ P D 9.11A.5 Market Participant Excess Amount re- (106)
Day d
MSDAcharge P D(p, d) $ P D 9.11A.6 Market suspension deficit amount re- (107)
Day d
MSDAcharge P I(p, i) $ P I 9.11A.7 Market suspension deficit amount re- (108)
Interval i
MSDA G I(i) $ G I 9.11A.8 Market suspension deficit amount re- (109)
coverable in Trading Interval i
Trading Interval i
d
Day d
MPDA P I(p, i) $ P D 7.11B.1AC(f) Market Participant Deficit Amount I
payable to participant p in Trading In-
terval i
MPEA P I(p, i) $ P I 7.11B.1AB(b) Market Participant Excess Amount re- I
Interval i
4.7 Essential System Services

Essential System Services (ESS) encompasses all of Frequency Co-optimised Essential System Services (FCESS) and
Non-Co-optimised Essential System Services (NCESS).
Essential System Services is split into the following parts:
41
• Contingency Raise payments, including SESSM Award payments and refunds
• Contingency Raise charges, including runway share
• Contingency Lower payments and charges
• RoCoF Control Service payments and charges, including Minimum RoCoF Requirement and Additional RoCoF
Requirement
• Regulation Raise payments and charges
• Regulation Lower payments and charges
• Regulation Share
• System Restart Service payments and charges

• NCESS payments and charges
• FCESS Uplift payments, including Enablement Losses and FCESS Uplift shares
ESSSA P D(p, d) = ESSpayment P D(p, d) − ESScharge P D(p, d) (110)
ESSpayment P D(p, d) = CRpayment P D(p, d) + CLpayment P D(p, d) + RoCoF payment P D(p, d)

+ RRpayment P D(p, d) + RLpayment P D(p, d) + SRSpayment P D(p, d) (111)
+ N CESSpayment P D(p, d) + F CESSU payment P D(p, d)
ESScharge P D(p, d) = CRcharge P D(p, d) + CLcharge P D(p, d) + RoCoF charge P D(p, d)

+ RRcharge P D(p, d) + RLcharge P D(p, d) (112)
+ SRScharge P D(p, d) + N CESScharge P D(p, d)

ESSSA P D(p, d) $ P D 9.10.2 Essential System Services settlement (110)
Day d
ESSpayment P D(p, d) $ P D 9.10.3 Essential System Service amount (111)
payable to participant p for Trading
Day d
ESScharge P D(p, d) $ P D 9.10.28 Essential System Service amount recov- (112)
erable from participant p for Trading
Day d
CRpayment P D(p, d) $ P D 9.10.4 Contingency Reserve Raise amount (113)
Day d
CLpayment P D(p, d) $ P D 9.10.8 Contingency Reserve Lower amount (175)
Day d
RoCoFpayment P D(p, $ P D 9.10.12 RoCoF Control Service amount payable (188)
d) to participant p for Trading Day d
RRpayment P D(p, d) $ P D Regulation Raise amount payable to (224)
RLpayment P D(p, d) $ P D Regulation Lower amount payable to (240)
SRSpayment P D(p, d) $ P D 9.10.25 System Restart Service amount payable (253)
to participant p for Trading Day d
NCESSpayment P D(p, $ P D 9.10.27A NCESS amount payable to participant (258)
d) p for Trading Day d
FCESSUpayment P D(p, $ P D 9.10.27E FCESS Uplift Payment amount payable (264)
CRcharge P D(p, d) $ P D 9.10.29 Contingency Reserve Raise amount re- (136)
coverable from participant p for Trad-
ing Day d
42
CLcharge P D(p, d) $ P D 9.10.31 Contingency Reserve Lower amount re- (183)
ing Day d
RoCoFcharge P D(p, d) $ P D 9.10.33 RoCoF Control Service amount recov- (196)
Day d
RRcharge P D(p, d) $ P D Regulation Raise amount recoverable (232)
from participant p for Trading Day d
RLcharge P D(p, d) $ P D Regulation Lower amount recoverable (248)
SRScharge P D(p, d) $ P D 9.10.40 System Restart Service amount recov- (255)
Day d
NCESScharge P D(p, d) $ P D 9.10.44 NCESS amount recoverable from par- (261)
4.7.1 Contingency Raise Payments
X
CRpayment P D(p, d) = CRpayment P I(p, i) (113)
i∈I(d)
X
CRpayment P I(p, i) = CRpayment F I(f, i) (114)
f ∈REG F (p,i)
X
CRpayment F I(f, i) = CRpayment F DI(f, di) (115)
di∈DI(i)
CRpayment F DI(f, di) = CRenablement F DI(f, di) + CRavailability F DI(f, di) − CRref und F DI(f, di)
(116)
5
CRenablement F DI(f, di) = h × F CRprice G DI(di) × CRquantity F DI(f, di) × F P F CR F DI(f, di) (117)
60
(
ESSEQCR F DI(f, di) for CRestF lag F DI(f, di) = 0
CRquantity F DI(f, di) = (118)
ESSEQCRest F DI(f, di) for CRestF lag F DI(f, di) = 1
X
CRavailability F DI(f, di) = AP SA DI(sa, di) (119)
sa∈ACR(f,di)
X
CRref und F DI(f, di) = Ref und SA DI(sa, di) (120)
sa∈ACR(f,di)

CRpayment P D(p, d) $ P D 9.10.4 Contingency Reserve Raise amount (113)
Day d
CRpayment P I(p, i) $ P I Contingency Reserve Raise amount (114)
payable to participant p for Trading In-
terval i
CRpayment F I(f, i) $ F I 9.10.5 Contingency Reserve Raise amount (115)
payable to Facility f for Trading Inter-
val i
43
CRpayment F DI(f, di) $ F DI 9.10.6 Contingency Reserve Raise amount (116)
payable to Facility f for Dispatch Inter-
val di
CRenablement F DI(f, $ F DI Contingency Reserve Raise amount (117)
di) payable for enablement to Facility f for
CRavailability F DI(f, $ F DI App 2C Contingency Reserve Raise amount (119)
di) 2.8(a)iii payable for availability to Facility f for
AP SA DI(sa, di) $ SA DI App 2C SESSM Availability Payment under (121)
2.2(c) SESSM Award sa in Dispatch Interval
di
Refund SA DI(sa, di) $ SA DI App 2C SESSM refund under SESSM Award sa (122)
2.6 in Dispatch Interval di
CRrefund F DI(f, di) $ F DI App 2C Facility SESSM Refund for Contin- (120)
2.8(b)iii gency Reserve Raise for Facility f for
FCRprice G DI(di) $/MW/h G DI 11 Final Contingency Reserve Raise Mar- I
ket Clearing Price for Dispatch Interval
di
CRquantity F DI(f, di) MW F DI 9.10.6(c) Contingency Reserve Raise enablement (118)
quantity for Facility f for Dispatch In-
terval di
CRestFlag F DI(f, di) Flag F DI 9.10.6(c)ii Flag that is 1 when AEMO’s reasonable I
estimate of Facility f’s ability to provide
Contingency Reserve Raise in Dispatch
Interval di is used, and 0 otherwise
ESSEQCR F DI(f, di) MW F DI 9.10.6(c)i Essential System Service Enablement I
Quantity for Contingency Reserve
Raise for Facility f for Dispatch Interval
di
ESSEQCRest F DI(f, di) MW F DI 9.10.6(c)ii AEMO’s estimate of capability of Fa- I
cility f to provide Contingency Reserve
Raise for Dispatch Interval di
FPFCR F DI(f, di) F DI 9.10.6(d) Facility Performance Factor for Contin- I
gency Reserve Raise for Facility f for
Day d
ACR(d) {} G D Set of SESSM Awards for Contingency I
Reserve Raise on Trading Day d
d
terval i
4.7.1.1 SESSM Award Availability Payments

A SESSM Award is granted to a Market Participant in relation to a Facility to provide a specific FCESS.
In the first three years of operation of the market, a SESSM Award Duration is restricted to a maximum of 1 year
and a maximum of 3 years thereafter.
A SESSM Award Duration is Trading Day based but may not align with a Trading Week or a Trading Month or a
Capacity Year. A SESSM Award Duration is represented in the formulas as a Trading Day range, where the function
SArange(sa) is used to return the full time range of the relevant SESSM Award i.e. from Trading Day, to Trading Day.
(
P DIAP SA X(sa, SArange(sa)) AQ SA DI(sa, di) > 0
AP SA DI(sa, di) = (121)
0 otherwise
44
di
AQ SA DI(sa, di) MW SA DI 11 SESSM Availability Quantity for I
or SESSM Award sa in Dispatch Interval
MWs di
PDIAP SA X(sa, x) $ SA X App 2C Per-Dispatch Interval Availability Pay- I
2.2(c)i ment for SESSM Award sa for SESSM
Award Duration x
4.7.1.2 SESSM Award Refunds
Ref und SA DI(sa, di)


 0 if isRef undExempt SA DI(sa, di) = 1
(122)

or RT M SuspF lag G DI(di) = 1

=

 min(AP SA DI(sa, di) × Ref undF actor G D(di) × Shortf all SA DI(sa, di), otherwise

P aymentCap SA X(sa, SArange(sa)) − CumRef und SA DI(sa, di))
Ref undF actor G D(d) = 3 (123)
X
CumRef und SA DI(sa, di) = CumRef undStart SA D(sa, di) + Ref und SA DI(sa, j) (124)
j∈P DIT D(di)
Shortf all SA DI(sa, di) (125)

AQ SA DI(sa, di) − max(0, Of f er F E DI(SA2F E(sa), DI) − BaseQuantity SA DI(sa, di))

max 0,

AQ SA DI(sa, di)
= if AQ SA DI(sa, di) ̸= 0


0 otherwise
X
P aymentCap SA X(sa, SArange(sa)) = AP SA DI(sa, di) (126)
di∈SESSM DI(sa)

Refund SA DI(sa, di) $ SA DI App 2C 2.6 SESSM refund under SESSM Award sa (122)
di
RefundFactor G D(d) G D App 2C SESSM refund factor in Trading Day d (123)
2.6(e)
isRefundExempt SA DI(sa, Flag SA DI Flag that is 1 when SESSM Award sa is (127)
di) not subject to refunds in Dispatch In-
terval di, and 0 otherwise
Shortfall SA DI(sa, di) MW SA DI App 2C 2.7 SESSM shortfall for SESSM Award sa (125)
or in Dispatch Interval di
MWs
PaymentCap SA X(sa, x) $ SA X App 2C Total SESSM Availability payments (126)
2.3(c) that would be made over the SESSM
Service Timing if it met its SESSM
Availability Requirement under SESSM
Award sa for SESSM Award Duration
x
CumRefund SA DI(sa, $ SA DI Cumulative SESSM refunds under (124)
di) SESSM Award sa up to, but excluding,
45
CumRefundStart SA D(sa, $ SA D Cumulative SESSM refunds under I
d) SESSM Award sa prior to Trading Day
d
MWs di
Offer FE DI(f, e, di) MW FE DI App 2C Sum of quantities offered (or AEMO’s I
or 2.4(a) reasonable estimate of) by Facility f, for
MWs Essential System Service e in Dispatch
Interval di
BaseQuantity SA DI(sa, MW SA DI 11 Base ESS Quantity for SESSM Award I
di) or sa in Dispatch Interval di
MWs
SESSMDI(sa) {} SA X App 2C Set of all Dispatch Intervals in the I
2.3(c)i SESSM Service Timing for SESSM
Award sa
PDITD(di) {} G DI Set of Dispatch Intervals in the same I
Trading Day as, but prior to, Dispatch
Interval di
4.7.1.3 SESSM Award Refund Exempt
isRef undExempt SA DI(sa, di)

(127)

1 if isSuf f icientlyAvailable SA DI(sa, di) + isAtRef undCap SA DI(sa, di) + isN otObliged SA DI(sa, di) > 0
=
0 otherwise
(
1 AQ SA DI(sa, di) = 0
isN otObliged SA DI(sa, di) = (128)
0 otherwise

1 CumRef und SA DI(sa, di) ≥ P aymentCap SA X(sa, SArange(sa))
isAtRef undCap SA DI(sa, di) = (129)
0 otherwise

1 OutageCount SA DI(sa, di) ≤ M axU navailability SA X(sa, SArange(sa))
isSuf f icientlyAvailable SA DI(sa, di) =
0 otherwise
(130)
isAvailable SA DI(sa, di)


1 if Of f er F E DI(SA2F E(sa), di) ≥ (BaseQuantity SA DI(sa, di) + AQ SA DI(sa, di))

(131)
= or AQ SA DI(sa, di) = 0

0 otherwise

X
OutageCount SA DI(sa, di) = (1 − isAvailable SA DI(sa, j)) (132)
j∈SESSM DI(sa),j≤di
M axU navailability SA X(sa, SArange(sa)) = f loor(N SA X(sa, SArange(sa)) (133)

× (1 − M inAvailability SA X(sa, SArange(sa))))
X
N SA X(sa, SArange(sa)) = isAQpositive SA DI(sa, di) (134)
di∈SESSM DI(sa)
(
1 for AQ SA DI(sa, di) > 0
isAQpositive SA DI(sa, di) = (135)
0 otherwise
46
isRefundExempt SA DI(sa, Flag SA DI Flag that is 1 when SESSM Award sa is (127)
di) not subject to refunds in Dispatch In-
isSufficientlyAvailable SA DI(sa,
Flag SA DI Flag that is 1 when SESSM Award sa (130)
di) has been sufficiently available up to and
including Dispatch Interval di, and 0
otherwise
isAtRefundCap SA DI(sa, Flag SA DI Flag that is 1 when SESSM Award sa (129)
di) has reached its payment cap by Dis-
patch Interval di, and 0 otherwise
isNotObliged SA DI(sa, Flag SA DI Flag that is 1 when SESSM Award sa (128)
di) is not obliged to provide a service in
Dispatch Interval di, and 0 otherwise
OutageCount SA DI(sa, SA DI App 2C 2.5 Number of Dispatch Intervals that the (132)
di) Facility has been unavailable for under
SESSM Award sa, up to and including
MaxUnavailability SA X(sa, SA X App 2C Number of Dispatch Intervals for which (133)
x) 2.3(b) the relevant Facility may be unavailable
under SESSM Award sa for SESSM
Award Duration x
MinAvailability SA X(sa, SA X 11 SESSM Availability Requirement for I
x) SESSM Award sa for SESSM Award
Duration x
isAvailable SA DI(sa, di) Flag SA DI App 2C Flag that is 1 when the Facility associ- (131)
2.5(a) ated with SESSM Award sa was avail-
able in respect of its obligations under
SESSM Award sa to provide the rele-
vant Frequency Co-optimised Essential
System Service in Dispatch Interval di,
and 0 otherwise
BaseQuantity SA DI(sa, MW SA DI 11 Base ESS Quantity for SESSM Award I
di) or sa in Dispatch Interval di
MWs
N SA X(sa, x) SA X App 2C Number of Dispatch Intervals with a (134)
2.3(a) positive SESSM Availability Quantity
for SESSM Award sa for SESSM Award
Duration x
isAQpositive SA DI(sa, Flag SA DI Flag that is 1 when SESSM Availability (135)
di) Quantity is positive for SESSM Award
sa in Dispatch Interval di, and 0 other-
wise
MWs di
PaymentCap SA X(sa, x) $ SA X App 2C Total SESSM Availability payments (126)
2.3(c) that would be made over the SESSM
Service Timing if it met its SESSM
Availability Requirement under SESSM
Award sa for SESSM Award Duration
x
CumRefund SA DI(sa, $ SA DI Cumulative SESSM refunds under (124)
di) SESSM Award sa up to, but excluding,
SESSMDI(sa) {} SA X App 2C Set of all Dispatch Intervals in the I
2.3(c)i SESSM Service Timing for SESSM
Award sa
47
4.7.2 Contingency Raise Charges (Recoverable)
X
CRcharge P D(p, d) = CRcharge P I(p, i) (136)
i∈I(d)
X
CRcharge P I(p, i) = CRcharge P DI(p, di) (137)
di∈DI(i)
CRcharge P DI(p, di)

(
RT M SuspShare P DI(p, di) × CRpayment G DI(di) if RT M SuspF lag G DI(di) = 1 (138)
=
T RS P DI(p, di) × CRpayment G DI(di) otherwise
X X
CRpayment G DI(di) = CRpayment F DI(f, di) + F CESSU ShareCR F DI(f, di) (139)
f ∈REG F (di) f ∈REG F (di)

CRcharge P D(p, d) $ P D 9.10.29 Contingency Reserve Raise amount re- (136)
ing Day d
CRcharge P I(p, i) $ P I 9.10.30 Contingency Reserve Raise amount re- (137)
ing Interval i
CRcharge P DI(p, di) $ P DI Contingency Reserve Raise amount re- (138)
coverable from participant p for Dis-
patch Interval di
CRpayment G DI(di) $ G DI 9.10.7 Contingency Reserve Raise amount (139)
payable for Dispatch Interval di
CRpayment F DI(f, di) $ F DI 9.10.6 Contingency Reserve Raise amount (116)
val di
RTMSuspShare P DI(p, P I 9.10.30A Real-Time Market suspension share for (171)
di) participant p in Dispatch Interval di
TRS P DI(p, di) P DI App 2A 5.3 Total runway share for participant p in (140)
FCESSUShareCR F DI(f, $ F DI 9.10.3K Share of FCESS Uplift Payments to be (285)
di) allocated to Contingency Reserve Raise
for Facility f for Dispatch Interval di
Day d
d
terval i
4.7.2.1 Total Runway Share
T RS P DI(p, di) = F Share P DI(p, di) + N Share P DI(p, di) (140)
X
F Share P DI(p, di) = F Share F DI(f, di) (141)
f ∈AF DI(p,di)
F Share F DI(f, di) = F Share G DI(di) × F RS F DI(f, di) (142)
F Share G DI(di) = 1 − N Share G DI(di) (143)
(
max(0,LN R G DI(di)−LF R G DI(di))
LN R G DI(di) for LN R G DI(di) ̸= 0
N Share G DI(di) = (144)
0 for LN R G DI(di) = 0
48
X X
N Share P DI(p, di) = N Share F N C DI(f, nc, di) (145)
nc∈AN C DI(di) f ∈CF N C DI(p,nc,di)
N Share G DI(di)
N Share F N C DI(f, nc, di) = × N RS F N C DI(f, nc, di) (146)
M G DI(di)
M G DI(di) = |AN C DI(di)| (147)
AN C DI(di) = {nc ∈ N C DI(di) : N Risk N C DI(nc, di) > 0M W } (148)

(
N R N C DI(di) for nc ∈ LCSC(di)
N Risk N C DI(nc, di) = (149)
0 otherwise

FShare P DI(p, di) P DI App 2A Runway share related to the facility (141)
5.3(a) component for participant p in Dis-
patch Interval di
FShare F DI(f, di) F DI Runway share related to the facility (142)
component for Facility f in Dispatch In-
terval di
FShare G DI(di) G DI App 2A Runway share related to the facility (143)
5.1(b) component in Dispatch Interval di
FRS F DI(f, di) F DI App 2A 3.3 Facility runway share for Facility f in (150)
NShare G DI(di) G DI App 2A Runway share related to the network (144)
5.1(a) component in Dispatch Interval di
LNR G DI(di) MW G DI App 2A The largest Network Risk associated I
5.1(i) with the Largest Credible Supply Con-
tingency in Dispatch Interval di
LFR G DI(di) MW G DI App 2A 3.2 The largest runway facility risk asso- (155)
ciated with the applicable facilities in
NShare P DI(p, di) P DI App 2A Runway share related to the network (145)
5.3(b) component for participant p in Dis-
patch Interval di
NShare FNC DI(f, nc, di) FNC DI Runway share for Facility f related to (146)
the Network Contingency nc in Dis-
patch Interval di
M G DI(di) G DI App 2A 4.4 Number of applicable Network Contin- (147)
gencies in Dispatch Interval di
NRS FNC DI(f, nc, di) FNC DI App 2A Network runway share for Facility f in (164)
4.5(c) relation to Network Contingency nc in
NRisk NC DI(nc, di) MW NC DI App 2A 4.2 The runway network risk for Network (149)
Contingency nc in Dispatch Interval di
NR NC DI(nc, di) MW NC DI 7.13.1EA(c)ii.1Network Risk for Network Contingency I
nc in Dispatch Interval di
Interval di
ANC DI(di) {} G DI App 2A 4.3 Set of applicable Network Contingen- (148)
cies in Dispatch Interval di
NC DI(di) {} G DI App 2A 4.1 Set of Network Contingencies that were I
taken into account when setting the
Contingency Reserve Raise requirement
49
CF NC DI(nc, di) {} NC DI App 2A Set of causer facilities that are appli- (170)
4.5(a) cable facilities or additional applicable
LCSC(di) {} G DI Set of Network Contingencies that set I
the Largest Credible Supply Contin-
gency in Dispatch Interval di
4.7.2.2 Facility Runway Share

This section calculates the facility runway shares for Facilities deemed to be causers of Facility Contingencies. Each
Facility is ranked in ascending order of their Facility Risk value and allocated a runway share based on that rank.

F Risk F DI(AF [r],di)−F Risk F DI(AF [r−1],di)
F Rrank F DI(f,di) LF R G DI(di)
X
F RS F DI(f, di) = , where F Risk F DI(AF [0], di) = 0
r=1
M AXr G DI(di) − r + 1
(150)
F Rrank F DI(f, di) = Position of applicable facility f in AF ordered G DI(di) (151)
AF ordered G DI(di) = AF DI(di) ordered by ascending F Risk F DI(f, di) and then alphabetically (152)
The expression AF [r] returns the r-th element of the set AF ordered G DI(di) and the following equation shows the
interaction between AF ordered G DI(di), F Rrank F DI(f, di) and AF [r]:
AF [F Rrank F DI(f, di)] = f (153)
M AXr G DI(di) = |AF DI(di)| (154)
LF R G DI(di) = F Risk F DI(AF [M AXr G DI(di)], di) (155)
AF DI(di) = {f ∈ App2AF DI(di) : F Risk F DI(f, di) ≥ 10M W } (156)
AF additional DI(di) = {f ∈ App2AIM L DI(di) : F Risk F DI(f, di) ≥ 10M W } (157)
F Risk F DI(f, di)



 F R F DI(f, di) for f ∈ App2AIM L DI(di) ∪ App2AF a(di) ∪ App2AF b DI(di)
(158)

 SCADAIM L F DI(f, di − 1)
= for f ∈ App2AF c DI(di)

 5/60h

0 otherwise

Identify which facilities will be included for the purposes of cost allocation:
App2AIM L DI(di) = App2AF bc(d) ∩ App2AF DI(di) (159)
App2AF DI(di) = App2AF a(di) ∪ App2AF b DI(di) ∪ App2AF c DI(di) (160)
App2AF a(d) = (SF (d) ∪ SSF (d)) ∩ EG(d) (161)
App2AF bc(d) = ((SF (d) ∪ SSF (d) ∪ N SF (d)) ∩ EG(d)) ∪ IM L(d) (162)
App2AF b DI(di) = App2AF bc(d) ∩ App2AF c DI(di) (163)
50
FRS F DI(f, di) F DI App 2A 3.3 Facility runway share for Facility f in (150)
FRrank F DI(f, di) F DI App 2A 3.3(b) The element number of Facility f in the (151)
set of applicable facilities, where 1 is the
applicable facility with the lowest Facil-
ity Risk in Dispatch Interval di
AFordered G DI(di) {} G DI App 2A 3.1 Ordered set of applicable facilities in (152)
Dispatch Interval di (ordered by as-
cending Facility Risk)
AF[r] G DI App 2A 3.1 The r-th element of the set (153)
AF ordered G DI in Dispatch In-
terval di
MAXr G DI(di) G DI App 2A 3.3(c) The number of applicable facilities in (154)
LFR G DI(di) MW G DI App 2A 3.2 The largest runway facility risk asso- (155)
ciated with the applicable facilities in
Interval di
AFadditional DI(di) {} G DI App 2A 2.4 Set of additional applicable facilities in (157)
FRisk F DI(f, di) MW F DI App 2A 2.2 The runway facility risk for Facility f in (158)
App2AIML DI(di) {} G DI App 2A 2.1A Set of facilities (identified in Appendix (159)
2A 2.1A) to be included in the runway
App2AF DI(di) {} G DI App 2A 2.1 Set of facilities (identified in Appendix (160)
2A 2.1) to be included in the runway
App2AFa(d) {} G D App 2A 2.1(a) Set of facilities (identified in Appendix (161)
2A 2.1(a)) to be included in the runway
App2AFbc(d) {} G D App 2A Set of facilities (identified in Appendix (162)
2.1(b), 2.1(c) 2A 2.1(b) and 2.1(c)) to be included in
the runway share calculation in Trading
Day d
App2AFb DI(di) {} G DI App 2A 2.1(b) Set of facilities (identified in Appendix (163)
2A 2.1(b)) to be included in the runway
App2AFc DI(di) {} G DI App 2A 2.1(c) Set of facilities (identified in Appendix I
2A 2.1(c)) to be included in the runway
FR F DI(f, di) MW F DI 7.13.1EA(c)i Facility Risk for Facility f in Dispatch I
Interval di
ing Day d
SCADAIML F DI(f, MWh F DI 7.13.1E(a)v Net generation measured by SCADA I
di) for the Energy Producing System sup-
plying Intermittent Load f in Dispatch
Interval di, non-loss adjusted
Day d
Trading Day d
4.7.2.3 Network Runway Share

This section calculates the Network Contingency runway shares for Registered Facilities deemed to be causers of
Network Contingencies. Each Registered Facility that is a member of the set of causer facilities is ranked in ascending
51
order of their Facility Risk value and allocated a runway share based on that rank.
N RS F N C DI(f, nc, di)

F Risk F DI(CF [r],di)−F Risk F DI(CF [r−1],di)
N Rrank F N C DI(f,nc,di)
X LF R N C DI(nc,di) (164)
= , where F Risk F DI(CF [0], di) = 0
r=1
M AXr N C DI(nc, di) − r + 1
N Rrank F N C DI(f, nc, di) = Position of Facility f in CF ordered N C DI(nc, di) (165)
CF ordered N C DI(nc, di) = CF N C DI(nc, di) ordered by ascending F Risk F DI(f, di) and then alphabetically
(166)
The expression CF [r] returns the r-th element of the set CF ordered N C DI(nc, di) and the following equation shows
the interaction between CF ordered N C DI(nc, di), N Rrank F N C DI(f, nc, di) and CF [r]:
CF [N Rrank F N C DI(f, nc, di)] = f (167)
M AXr N C DI(nc, di) = |CF N C DI(nc, di)| (168)
LF R N C DI(nc, di) = F Risk F DI(CF [M AXr N C DI(nc, di)], di) (169)
CF N C DI(nc, di) = {f ∈ F N C DI(nc, di) ∩ (AF DI(di) ∪ AF additional DI(di))} (170)

NRS FNC DI(f, nc, di) FNC DI App 2A 4.5(c) Network runway share for Facility f in (164)
relation to Network Contingency nc in
NRrank FNC DI(f, nc, FNC DI App 2A The element number of Facility f in the (165)
di) 4.5(c)ii set of causer facilities associated with
Network Contingency nc, where 1 is the
causer facility with the lowest Facility
Risk in Dispatch Interval di
FRisk F DI(f, di) MW F DI App 2A 2.2 The runway facility risk for Facility f in (158)
LFR NC DI(nc, di) MW NC DI App 2A 4.5(c) Largest Facility Risk in relation to Net- (169)
val di
MAXr NC DI(nc, di) NC DI App 2A The number of causer facilities associ- (168)
4.5(c)iii ated with Network Contingency nc in
CFordered NC DI(nc, {} NC DI App 2A 4.5(b) Ordered set of causer facilities associ- (166)
di) ated with Network Contingency nc in
Dispatch Interval di (ordered by as-
cending Facility Risk)
CF[r] NC DI App 2A 4.5(b) The r-th element of the set (167)
CF ordered N C DI in Dispatch
Interval di
CF NC DI(nc, di) {} NC DI App 2A 4.5(a) Set of causer facilities that are appli- (170)
cable facilities or additional applicable
F NC DI(nc, di) {} NC DI App 2A 4.5(a) Set of Registered Facilities included in I
the Network Risk associated with Net-
val di
52
4.7.2.4 RTM Suspension Share
When the Real-Time Market is suspended, the Central Dispatch Process is not available to determine the Facility Risk
and Network Risks which input to the runway share determined in Appendix 2A. Instead, the contribution share for
Contingency Reserve Raise is calculated using the Metered Schedules for Facilities with injection greater than 10MW
in the Dispatch Interval.
RT M SuspCQ P DI(p, di)

RT M SuspShare P DI(p, di) = (171)
RT M SuspCQ G DI(di)
X
RT M SuspCQ G DI(di) = RT M SuspCQ P DI(p, di) (172)
p∈M P (di)
X
RT M SuspCQ P DI(p, di) = RT M SuspCQ F DI(f, di) (173)
f ∈App2AF DI(p,di)
RT M SuspCQ F DI(f, di)



 max(0, M S F I(f, di)) for f ∈ App2AIM L DI(di) ∪ App2AF a(di) ∪ App2AF b DI(di)




 and SCADAEOI F DI(f, di) > 10

max(0, SCADAIM L F DI(f, di) for f ∈ App2AF c DI(di)
=
 SCADAIM L F DI(f, di)
×T LF F D(f, di) × DLF F D(f, di)) and > 10


5/60h





0 otherwise

(174)

RTMSuspShare P DI(p, P DI 9.10.30A Real-Time Market suspension share for (171)
di) participant p in Dispatch Interval di
RTMSuspCQ G DI(di) G DI 9.10.30D Sum of all Real-Time Market suspen- (172)
sion contributing quantities in Dispatch
Interval di
RTMSuspCQ P DI(p, di) P DI 9.10.30B Real-Time Market suspension con- (173)
tributing quantity for participant p in
RTMSuspCQ F DI(di) G DI 9.10.30C Real-Time Market suspension con- (172)
tributing quantity for Facility f in Dis-
patch Interval di
App2AIML DI(di) {} G DI App 2A Set of facilities (identified in Appendix (159)
2.1A 2A 2.1A) to be included in the runway
App2AFa(d) {} G D App 2A Set of facilities (identified in Appendix (161)
2.1(a) 2A 2.1(a)) to be included in the runway
App2AFb DI(di) {} G DI App 2A Set of facilities (identified in Appendix (163)
2.1(b) 2A 2.1(b)) to be included in the runway
App2AFc DI(di) {} G DI App 2A Set of facilities (identified in Appendix I
2.1(c) 2A 2.1(c)) to be included in the runway
terval i
for Trading Day d
d
2.30B.11
53
SCADAEOI F DI(f, di) MW F DI EOI Quantity of Facility f for Dispatch I
Interval di
SCADAIMLEOI F DI(f, MW F DI EOI Quantity of the Energy Producing I
di) System supplying Intermittent Load f
for Trading Day d
4.7.3 Contingency Lower Payments
X
CLpayment P D(p, d) = CLpayment P I(p, i) (175)
i∈I(d)
X
CLpayment P I(p, i) = CLpayment F I(f, i) (176)
f ∈REG F (p,i)
X
CLpayment F I(f, i) = CLpayment F DI(f, di) (177)
di∈DI(i)
CLpayment F DI(f, di) = CLenablement F DI(f, di) + CLavailability F DI(f, di) − CLref und F DI(f, di)
(178)
5
CLenablement F DI(f, di) = h × F CLprice G DI(di) × CLquantity F DI(f, di) × F P F CL F DI(f, di) (179)
60
(
ESSEQCL F DI(f, di) for CLestF lag F DI(f, di) = 0
CLquantity F DI(f, di) = (180)
ESSEQCLest F DI(f, di) for CLestF lag F DI(f, di) = 1
X
CLavailability F DI(f, di) = AP SA DI(sa, di) (181)
sa∈ACL(f,di)
X
CLref und F DI(f, di) = Ref und SA DI(sa, di) (182)
sa∈ACL(f,di)

CLpayment P D(p, d) $ P D 9.10.8 Contingency Reserve Lower amount (175)
Day d
CLpayment P I(p, i) $ P I Contingency Reserve Lower amount (176)
terval i
CLpayment F I(f, i) $ F I 9.10.9 Contingency Reserve Lower amount (177)
payable to Facility f for Trading Inter-
val i
CLpayment F DI(f, di) $ F DI 9.10.10 Contingency Reserve Lower amount (178)
val di
CLenablement F DI(f, $ F DI Contingency Reserve Lower amount (179)
di) payable for enablement to Facility f for
CLavailability F DI(f, di) $ F DI App 2C Contingency Reserve Lower amount (181)
2.8(a)iv payable for availability to Facility f for
54
CLrefund F DI(f, di) $ F DI App 2C Facility SESSM Refund for Contin- (182)
2.8(b)iv gency Reserve Lower for Facility f for
di
FCLprice G DI(di) $/MW/h G DI 11 Final Contingency Reserve Lower Mar- I
ket Clearing Price for Dispatch Interval
di
CLquantity F DI(f, di) MW F DI 9.10.10(c) Contingency Reserve Lower enablement (180)
terval di
CLestFlag F DI(f, di) Flag F DI 9.10.10(c)ii Flag that is 1 when AEMO’s reasonable I
Contingency Reserve Lower in Dispatch
Interval di is used, and 0 otherwise
ESSEQCL F DI(f, di) MW F DI 9.10.10(c)i Essential System Service Enablement I
Quantity for Contingency Reserve
Lower for Facility f for Dispatch Inter-
val di
ESSEQCLest F DI(f, di) MW F DI 9.10.10(c)ii AEMO’s estimate of capability of Fa- I
cility f to provide Contingency Reserve
Lower for Dispatch Interval di
FPFCL F DI(f, di) F DI 9.10.10(d) Facility Performance Factor for Contin- I
gency Reserve Lower for Facility f for
Day d
ACL(d) {} G D Set of SESSM Awards for Contingency I
Reserve Lower on Trading Day d
d
terval i
4.7.4 Contingency Lower Charges (Recoverable)
X
CLcharge P D(p, d) = CLcharge P I(p, i) (183)
i∈I(d)
CLcharge P I(p, i) = CS P I(p, i) × CLpayment G I(i) (184)
X X
CLpayment G I(i) = CLpayment P I(p, i) + F CESSU ShareCL P I(p, i) (185)
p∈M P (i) p∈M P (i)
X
F CESSU ShareCL P I(p, i) = F CESSU ShareCL F I(f, i) (186)
f ∈REG F (p,i)
X
F CESSU ShareCL F I(f, i) = F CESSU ShareCL F DI(f, di) (187)
d∈DI(di)
55
CLcharge P D(p, d) $ P D 9.10.31 Contingency Reserve Lower amount re- (183)
ing Day d
CLcharge P I(p, i) $ P I 9.10.32 Contingency Reserve Lower amount re- (184)
ing Interval i
CLpayment G I(i) $ G I 9.10.9 Contingency Reserve Lower amount (185)
payable for Trading Interval i
FCESSUShareCL P I(p, $ P I Share of FCESS Uplift Payments to (186)
i) be allocated to Contingency Reserve
Lower for Participant p for Trading In-
terval i
FCESSUShareCL F I(f, i) $ F I Share of FCESS Uplift Payments to (187)
be allocated to Contingency Reserve
Lower for Facility f for Trading Inter-
val i
CLpayment P I(p, i) $ P I Contingency Reserve Lower amount (176)
terval i
FCESSUShareCL F DI(f, $ F DI 9.10.3L Share of FCESS Uplift Payments to (286)
di) be allocated to Contingency Reserve
val di
Trading Interval i
Day d
d
4.7.5 RoCoF Control Service Payments
X
RoCoF payment P D(p, d) = RoCoF payment P I(p, i) (188)
i∈I(d)
X
RoCoF payment P I(p, i) = RoCoF payment F I(f, i) (189)
f ∈REG F (p,i)
X
RoCoF payment F I(f, i) = RoCoF payment F DI(f, di) (190)
di∈DI(i)
RoCoF payment F DI(f, di) = RoCoF enablement F DI(f, di) (191)

+ RoCoF availability F DI(f, di) − RoCoF ref und F DI(f, di)
5
RoCoF enablement F DI(f, di) = h × F RoCoF price G DI(di) (192)
60
× RoCoF quantity F DI(f, di) × F P F RoCoF F DI(f, di)
(
ESSEQRoCoF F DI(f, di) for RoCoF estF lag F DI(f, di) = 0
RoCoF quantity F DI(f, di) = (193)
ESSEQRoCoF est F DI(f, di) for RoCoF estF lag F DI(f, di) = 1
X
RoCoF availability F DI(f, di) = AP SA DI(sa, di) (194)
sa∈ARCS(f,di)
X
RoCoF ref und F DI(f, di) = Ref und SA DI(sa, di) (195)
sa∈ARCS(f,di)
56
RoCoFpayment P D(p, $ P D 9.10.12 RoCoF Control Service amount payable (188)
RoCoFpayment P I(p, i) $ P I RoCoF Control Service amount payable (189)
to participant p for Trading Interval i
RoCoFpayment F I(f, i) $ F I 9.10.13 RoCoF Control Service amount payable (190)
to Facility f for Trading Interval i
RoCoFpayment F DI(f, $ F DI 9.10.14 RoCoF Control Service amount payable (191)
di) to Facility f for Dispatch Interval di
RoCoFenablement F DI(f, $ F DI RoCoF Control Service amount payable (192)
di) for enablement to Facility f for Dispatch
Interval di
RoCoFavailability F DI(f, $ F DI App 2C RoCoF Control Service amount payable (194)
di) 2.8(a)v for availability to Facility f for Dispatch
Interval di
RoCoFrefund F DI(f, di) $ F DI App 2C Facility SESSM Refund for RoCoF (195)
2.8(b)v Control Service for Facility f for Dis-
patch Interval di
di
Refund SA DI(sa, di) $ SA DI App 2C 2.6 SESSM refund under SESSM Award sa (122)
FRoCoFprice G DI(di) $/MW G DI 11 Final RoCoF Control Service Market I
Clearing Price for Dispatch Interval di
RoCoFquantity F DI(f, MW F DI 9.10.14(c) RoCoF Control Service enablement (193)
di) quantity for Facility f for Dispatch In-
terval di
RoCoFestFlag F DI(f, di) Flag F DI 9.10.14(c)ii Flag that is 1 when AEMO’s reasonable I
RoCoF in Dispatch Interval di is used,
and 0 otherwise
ESSEQRoCoF F DI(f, di) MW F DI 9.10.14(c)i Essential System Service Enablement I
Quantity for RoCoF Control Service for
Facility f for Dispatch Interval di
ESSEQRoCoFest F DI(f, MW F DI 9.10.14(c)ii AEMO’s estimate of capability of Facil- I
di) ity f to provide RoCoF Control Service
for Dispatch Interval di
FPFRoCoF F DI(f, di) F DI 9.10.14(d) Facility Performance Factor for RoCoF I
Control Service for Facility f for Dis-
patch Interval di
Day d
ARCS(d) {} G D Set of SESSM Awards for RoCoF Con- I
trol Service on Trading Day d
d
terval i
4.7.6 RoCoF Control Service Charges (Recoverable)
X
RoCoF charge P D(p, d) = RoCoF charge P I(p, i) (196)
i∈I(d)
RoCoF charge P I(p, i) = RoCoF mincharge P I(p, i) + RoCoF addcharge P I(p, i) (197)
X
RoCoF addcharge P I(p, i) = RoCoF addcharge P DI(p, di) (198)
di∈DI(i)
57
RoCoFcharge P D(p, d) $ P D 9.10.33 RoCoF Control Service amount recov- (196)
Day d
RoCoFcharge P I(p, i) $ P I 9.10.34 RoCoF Control Service amount recov- (197)
Interval i
RoCoFmincharge P I(p, $ P I 9.10.42 RoCoF Control Service amount recov- (199)
i) erable related to the Minimum RoCoF
Control Requirement from participant
p for Trading Interval i
RoCoFaddcharge P I(p, i) $ P I RoCoF Control Service amount recov- (198)
erable related to the Additional RoCoF
RoCoFaddcharge P DI(p, $ P DI 9.10.43 RoCoF Control Service amount recov- (222)
di) erable related to the Additional RoCoF
p for Dispatch Interval di
d
terval i
4.7.6.1 Minimum RoCoF Control Service Charges
RoCoF mincharge P I(p, i) = RoCoF sharemin P I(p, i) × RoCoF minpayment G I(i) (199)
X
RoCoF minpayment G I(i) = RoCoF minpayment G DI(di) (200)
di∈DI(i)
RoCoF minpayment G DI(di)

 RoCoF reqmin G DI(di) × RoCoF payment G DI(di)

for RoCoF req G DI(di) ̸= 0 (201)
= RoCoF req G DI(di)

0 for RoCoF req G DI(di) = 0
RoCoF payment G DI(di)

(202)
X X
= RoCoF payment F DI(f, di) + F CESSU ShareRCS F DI(f, di)
f ∈REG F (di) f ∈REG F (di)

RoCoFmincharge P I(p, $ P I 9.10.42 RoCoF Control Service amount recov- (199)
i) erable related to the Minimum RoCoF
RoCoFsharemin P I(p, i) P I App 2B 2.8 Share of costs related to procuring Min- (203)
imum RoCoF Control Requirement for
RoCoFminpayment G I(i) $ G I 9.10.18 RoCoF Control Service amount payable (200)
related to the Minimum RoCoF Control
Requirement for Trading Interval i
RoCoFminpayment G DI(di)$ G DI 9.10.16 RoCoF Control Service amount payable (201)
Requirement for Dispatch Interval di
RoCoFreq G DI(di) MWs G DI 9.10.16(c) RoCoF Control Requirement in Dis- I
patch Interval di
58
RoCoFreqmin G DI(di) MWs G DI 9.10.16(b) Minimum RoCoF Control Requirement I
RoCoFpayment G DI(di) $ G DI 9.10.15 RoCoF Control Service amount payable (202)
RoCoFpayment F DI(f, $ F DI 9.10.14 RoCoF Control Service amount payable (191)
di) to Facility f for Dispatch Interval di
FCESSUShareRCS F DI(f, $ F DI 9.10.3M Share of FCESS Uplift Payments to be (287)
di) allocated to RoCoF Control Service for
Day d
terval i
4.7.6.2 Share of Minimum RoCoF Charges
RoCoF sharemin P I(p, i) = N etworkShare P I(p, i) + InjectionShare P I(p, i) + Of f takeShare P I(p, i) (203)
X
InjectionShare P I(p, i) = InjectionShare F I(f, i) (204)
f ∈InjectionC I(p,i)
X
Of f takeShare P I(p, i) = Of f takeShare F I(f, i) (205)
f ∈Of f takeC I(p,i)
Network Share
(
N etworkCF G D(i)
Groups G I(i) for p ∈ W P N T W K(i)
N etworkShare P I(p, i) = (206)
0 otherwise
Groups G I(i) = N etworkCF G D(i) + InjectionCF G I(i) + Of f takeCF G I(i) (207)
(
0 for |N etworkC(i)| = 0
N etworkCF G D(i) = (208)
1 otherwise
N etworkC(d) = {f ∈ N T W K(p, d) : p ∈ W P N T W K(d) and RoCoF RT C F D(f, d) ≤ RoCoF RT CRL G D(d)}

(209)
Injection Share
InjectionCF G I(i) InjectionCQ F I(f, i)
InjectionShare F I(f, i) = × (210)
Groups G I(i) InjectionCQ G I(i)
X
InjectionCQ G I(i) = InjectionCQ F I(f, i) (211)
f ∈InjectionC I(i)
InjectionCQ F I(f, i) = |M S F I(f, i)| (212)
(
0 for |InjectionC I(i)| = 0
InjectionCF G I(i) = (213)
1 otherwise
InjectionC I(i) = {f ∈ InjectionC(i) : M S F I(f, i) ̸= 0} (214)
InjectionC(d) = {f ∈ (SF (d)∪SSF (d)∪N SF (d))∩P ureLoad(d) : RoCoF RT C F D(f, d) ≤ RoCoF RT CRL G D(d)}
(215)
Offtake Share
59
Of f takeCF G I(i) Of f takeCQ F I(f, i)
Of f takeShare F I(f, i) = × (216)
Groups G I(i) Of f takeCQ G I(i)
X
Of f takeCQ G I(i) = Of f takeCQ F I(f, i) (217)
f ∈Of f takeC I(i)
Of f takeCQ F I(f, i) = |M S F I(f, i)| (218)
(
0 for |Of f takeC I(i)| = 0
Of f takeCF G I(i) = (219)
1 otherwise
Of f takeC I(i) = {f ∈ Of f takeC(i) : M S F I(f, i) ̸= 0} (220)
Of f takeC(d) = {f ∈ N DL(d) ∪ P ureLoad(d) : RoCoF RT C F D(f, d) ≤ RoCoF RT CRL G D(d)} (221)

RoCoFsharemin P I(p, i) P I App 2B 2.8 Share of costs related to procuring Min- (203)
imum RoCoF Control Requirement for
NetworkShare P I(p, i) P I App 2B 2.5 Share of Minimum RoCoF Control Ser- (206)
vice costs associated with being a net-
work causer for participant p in Trading
Interval i
InjectionShare P I(p, i) P I Share of Minimum RoCoF Control Ser- (204)
vice costs associated with being an in-
jection causer for participant p in Trad-
ing Interval i
OfftakeShare P I(p, i) P I Share of Minimum RoCoF Control Ser- (205)
vice costs associated with being an off-
take causer for participant p in Trading
Interval i
Groups G I(i) G I App 2B 2.4 Number of non-empty causer groups re- (207)
lated to Minimum RoCoF Control Ser-
vices in Trading Interval i
NetworkCF G D(d) Flag G I App 2B Flag that is 1 when there are network (208)
2.3(a) causers in Trading Day d, and 0 other-
wise
InjectionCF G I(i) Flag G I App 2B Flag that is 1 when there are injection (213)
2.3(b) causers in Trading Interval i, and 0 oth-
erwise
OfftakeCF G I(i) Flag G I App 2B Flag that is 1 when there are offtake (219)
2.3(c) causers in Trading Interval i, and 0 oth-
erwise
RoCoFRTC F D(f, d) Hz F D 11 RoCoF Ride-Through Capability for I
/500ms Facility f for Trading Day d
RoCoFRTCRL G D(d) Hz G D 11 RoCoF Ride-Through Cost Recovery I
/500ms Limit for Trading Day d
InjectionShare F I(f, i) F I Share of Minimum RoCoF Control Ser- (210)
vice costs associated with being an in-
jection causer for Facility f in Trading
Interval i
OfftakeShare F I(f, i) F I Share of Minimum RoCoF Control Ser- (216)
vice costs associated with being an off-
take causer for Facility f in Trading In-
terval i
InjectionCQ F I(f, i) MWh F I Injection causer contribution quantity (212)
for Facility f in Trading Interval i
OfftakeCQ F I(f, i) MWh F I Offtake causer contribution quantity for (218)
60
InjectionCQ G I(i) MWh G I Injection causer contribution quantity (211)
OfftakeCQ G I(i) MWh G I Offtake causer contribution quantity for (217)
Trading Interval i
2.30B.11
NetworkC(d) {} G D App 2B Set of facilities that are network causers (209)
2.2(a) in Trading Day d
InjectionC(d) {} G D Set of facilities that are potentially in- (215)
jection causers in Trading Day d
InjectionC I(i) {} G I App 2B Set of facilities that are injection (214)
2.2(b) causers in Trading Interval i
OfftakeC(d) {} G D Set of facilities that are potentially off- (221)
take causers in Trading Day d
OfftakeC I(i) {} G I App 2B Set of facilities that are offtake causers (220)
2.2(c) in Trading Interval i
ing Day d
WPNTWK(d) {} G D Set containing Western Power in Trad- (6)
ing Day d
PureLoad(d) {} G D App 2B Set of Scheduled Facilities, Semi- I
2.2(c)i Scheduled Facilities or Non-Scheduled
Facilities that comprise only Loads in
Trading Day d
Day d
Trading Day d
ing Day d
4.7.6.3 Additional RoCoF Control Service Charges
RoCoF addcharge P DI(p, di)

(
RT M SuspShare P DI(p, di) × RoCoF addpayment G DI(di) if RT M SuspF lag G DI(di) = 1 (222)
=
T RS P DI(p, di) × RoCoF addpayment G DI(di) otherwise
RoCoF addpayment G DI(di) = RoCoF payment G DI(di) − RoCoF minpayment G DI(di) (223)

RoCoFaddcharge P DI(p, $ P DI 9.10.43 RoCoF Control Service amount recov- (222)
di) erable related to the Additional RoCoF
p for Dispatch Interval di
RoCoFaddpayment G DI(di)$ G DI 9.10.19 RoCoF Control Service amount payable (223)
related to the Additional RoCoF Con-
trol Requirement for Dispatch Interval
di
RoCoFminpayment G DI(di)$ G DI 9.10.16 RoCoF Control Service amount payable (201)
Requirement for Dispatch Interval di
RoCoFpayment G DI(di) $ G DI 9.10.15 RoCoF Control Service amount payable (202)
61
4.7.7 Regulation Raise Payments
X
RRpayment P D(p, d) = RRpayment P I(p, i) (224)
i∈I(d)
X
RRpayment P I(p, i) = RRpayment F I(f, i) (225)
f ∈REG F (p,i)
X
RRpayment F I(f, i) = RRpayment F DI(f, di) (226)
di∈DI(i)
RRpayment F DI(f, di) = RRenablement F DI(f, di) + RRavailability F DI(f, di) − RRref und F DI(f, di)
(227)
5
RRenablement F DI(f, di) = h × F RRprice G DI(di) × RRquantity F DI(f, di) × F P F RR F DI(f, di) (228)
60
(
ESSEQRR F DI(f, di) for RRestF lag F DI(f, di) = 0
RRquantity F DI(f, di) = (229)
ESSEQRRest F DI(f, di) for RRestF lag F DI(f, di) = 1
X
RRavailability F DI(f, di) = AP SA DI(sa, di) (230)
sa∈ARR(f,di)
X
RRref und F DI(f, di) = Ref und SA DI(sa, di) (231)
sa∈ARR(f,di)

RRpayment P D(p, d) $ P D Regulation Raise amount payable to (224)
RRpayment P I(p, i) $ P I Regulation Raise amount payable to (225)
RRpayment F I(f, i) $ F I Regulation Raise amount payable to (226)
RRpayment F DI(f, di) $ F DI 9.10.22 Regulation Raise amount payable to (227)
RRenablement F DI(f, $ F DI Regulation Raise amount payable for (228)
di) enablement to Facility f for Dispatch In-
terval di
RRavailability F DI(f, $ F DI App 2C Regulation Raise amount payable for (230)
di) 2.8(a)i availability to Facility f for Dispatch In-
terval di
RRrefund F DI(f, di) $ F DI App 2C Facility SESSM Refund for Regulation (231)
2.8(b)i Raise for Facility f for Dispatch Interval
di
di
FRRprice G DI(di) $/MW/h G DI 11 Final Regulation Raise Market Clearing I
Price for Dispatch Interval di
RRquantity F DI(f, di) MW F DI 9.10.22(c) Regulation Raise enablement quantity (229)
62
RRestFlag F DI(f, di) Flag F DI 9.10.22(c)ii Flag that is 1 when AEMO’s reasonable I
Regulation Raise in Dispatch Interval
di is used, and 0 otherwise
ESSEQRR F DI(f, di) MW F DI 9.10.22(c)i Essential System Service Enablement I
Quantity for Regulation Raise for Fa-
cility f for Dispatch Interval di
ESSEQRRest F DI(f, di) MW F DI 9.10.22(c)ii AEMO’s estimate of capability of Fa- I
cility f to provide Regulation Raise for
FPFRR F DI(f, di) F DI 9.10.22(d) Facility Performance Factor for Regu- I
lation Raise for Facility f for Dispatch
Interval di
Day d
ARR(d) {} G D Set of SESSM Awards for Regulation I
Raise on Trading Day d
d
terval i
4.7.8 Regulation Raise Charges (Recoverable)
X
RRcharge P D(p, d) = RRcharge P I(p, i) (232)
i∈I(d)
RRcharge P I(p, i) = RS P I(p, i) × RRpayment G I(i) (233)
X X
RRpayment G I(i) = RRpayment P I(p, i) + F CESSU ShareRR P I(p, i) (234)
X
F CESSU ShareRR P I(p, i) = F CESSU ShareRR F I(f, i) (235)
f ∈REG F (p,i)
X
F CESSU ShareRR F I(f, i) = F CESSU ShareRR F DI(f, di) (236)
d∈DI(di)

RRcharge P D(p, d) $ P D Regulation Raise amount recoverable (232)
RRcharge P I(p, i) $ P I Regulation Raise amount recoverable (233)
from participant p for Trading Interval
i
RRpayment G I(i) $ G I Regulation Raise amount payable for (234)
Trading Interval i
FCESSUShareRR P I(p, $ P I Share of FCESS Uplift Payments to be (235)
i) allocated to Regulation Raise for Par-
FCESSUShareRR F I(f, $ F I Share of FCESS Uplift Payments to be (236)
i) allocated to Regulation Raise for Facil-
ity f for Trading Interval i
RRpayment P I(p, i) $ P I Regulation Raise amount payable to (225)
FCESSUShareRR F DI(f, $ F DI 9.10.3N Share of FCESS Uplift Payments to be (288)
di) allocated to Regulation Raise for Facil-
ity f for Dispatch Interval di
63
RS P I(p, i) P I 9.10.37 Regulation share of participant p in (237)
Trading Interval i
Day d
d
4.7.9 Regulation Share
RCQ P I(p, i)
RS P I(p, i) = (237)
RCQ G I(i)
X
RCQ G I(i) = RCQ P I(p, i) (238)
p∈M P (i)
X
RCQ P I(p, i) = ABSN DL P I(p, i) + |M S F I(f, i)| (239)
f ∈SSF (p,i)∪N SF (p,i)

Trading Interval i
RCQ P I(p, i) MWh P I 9.10.38 Regulation contributing quantity for (239)
RCQ G I(i) MWh G I 9.10.39 Sum of all Regulation contributing (239)
quantities for Trading Interval i
2.30B.11
terval i
Trading Day d
ing Day d
Day d
4.7.10 Regulation Lower Payments
X
RLpayment P D(p, d) = RLpayment P I(p, i) (240)
i∈I(d)
X
RLpayment P I(p, i) = RLpayment F I(f, i) (241)
f ∈REG F (p,i)
X
RLpayment F I(f, i) = RLpayment F DI(f, di) (242)
di∈DI(i)
RLpayment F DI(f, di) = RLenablement F DI(f, di) + RLavailability F DI(f, di) − RLref und F DI(f, di)
(243)
5
RLenablement F DI(f, di) = h × F RLprice G DI(di) × RLquantity F DI(f, di) × F P F RL F DI(f, di) (244)
60
64
(
ESSEQRL F DI(f, di) for RLestF lag F DI(f, di) = 0
RLquantity F DI(f, di) = (245)
ESSEQRLest F DI(f, di) for RLestF lag F DI(f, di) = 1
X
RLavailability F DI(f, di) = AP SA DI(sa, di) (246)
sa∈ARL(f,di)
X
RLref und F DI(f, di) = Ref und SA DI(sa, di) (247)
sa∈ARL(f,di)

RLpayment P D(p, d) $ P D Regulation Lower amount payable to (240)
RLpayment P I(p, i) $ P I Regulation Lower amount payable to (241)
RLpayment F I(f, i) $ F I Regulation Lower amount payable to (242)
RLpayment F DI(f, di) $ F DI 9.10.23 Regulation Lower amount payable to (243)
RLenablement F DI(f, $ F DI Regulation Lower amount payable for (244)
di) enablement to Facility f for Dispatch In-
terval di
RLavailability F DI(f, di) $ F DI App 2C Regulation Lower amount payable for (246)
2.8(a)ii availability to Facility f for Dispatch In-
terval di
RLrefund F DI(f, di) $ F DI App 2C Facility SESSM Refund for Regulation (247)
2.8(b)ii Lower for Facility f for Dispatch Inter-
val di
di
FRLprice G DI(di) $/MW/h G DI 11 Final Regulation Lower Market Clear- I
ing Price for Dispatch Interval di
RLquantity F DI(f, di) MW F DI 9.10.23(c) Regulation Lower enablement quantity (245)
RLestFlag F DI(f, di) Flag F DI 9.10.23(c)ii Flag that is 1 when AEMO’s reasonable I
Regulation Lower in Dispatch Interval
di is used, and 0 otherwise
ESSEQRL F DI(f, di) MW F DI 9.10.23(c)i Essential System Service Enablement I
Quantity for Regulation Lower for Fa-
cility f for Dispatch Interval di
ESSEQRLest F DI(f, di) MW F DI 9.10.23(c)ii AEMO’s estimate of capability of Fa- I
cility f to provide Regulation Lower for
FPFRL F DI(f, di) F DI 9.10.23(d) Facility Performance Factor for Regu- I
lation Lower for Facility f for Dispatch
Interval di
Day d
ARL(d) {} G D Set of SESSM Awards for Regulation I
Lower on Trading Day d
d
terval i
4.7.11 Regulation Lower Charges (Recoverable)

X
RLcharge P D(p, d) = RLcharge P I(p, i) (248)
i∈I(d)
65
RLcharge P I(p, i) = RS P I(p, i) × RLpayment G I(i) (249)
X X
RLpayment G I(i) = RLpayment P I(p, i) + F CESSU ShareRL P I(p, i) (250)
X
F CESSU ShareRL P I(p, i) = F CESSU ShareRL F I(f, i) (251)
f ∈REG F (p,i)
X
F CESSU ShareRL F I(f, i) = F CESSU ShareRL F DI(f, di) (252)
d∈DI(di)

RLcharge P D(p, d) $ P D Regulation Lower amount recoverable (248)
RLcharge P I(p, i) $ P I Regulation Lower amount recoverable (249)
from participant p for Trading Interval
i
RLpayment G I(i) $ G I Regulation Lower amount payable for (250)
Trading Interval i
FCESSUShareRL P I(p, $ P I Share of FCESS Uplift Payments to be (251)
i) allocated to Regulation Lower for Par-
FCESSUShareRL F I(f, i) $ F I 9.10.3O Share of FCESS Uplift Payments to be (252)
allocated to Regulation Lower for Facil-
ity f for Trading Interval i
RLpayment P I(p, i) $ P I Regulation Lower amount payable to (241)
FCESSUShareRL F DI(f, $ F DI 9.10.3O Share of FCESS Uplift Payments to be (289)
di) allocated to Regulation Lower for Facil-
Trading Interval i
Day d
d
4.7.12 System Restart Service Payments
X
SRSpayment P D(p, d) = SRSpayment P I(p, i) (253)
i∈I(d)
X
SRSpayment P I(p, i) = SRSpayment C I(c, i) (254)
c∈SRS(p,i)

SRSpayment P D(p, d) $ P D 9.10.25 System Restart Service amount payable (253)
to participant p for Trading Day d
SRSpayment P I(p, i) $ P I 9.10.26 System Restart Service amount payable (254)
SRSpayment C I(c, i) $ C I 9.10.26(a) System Restart Service amount payable I
under System Restart Service Contract
c for Trading Interval i
SRS(d) {} G D Set of System Restart Service Contracts I
in Trading Day d
66
d
4.7.13 System Restart Service Charges (Recoverable)
X
SRScharge P D(p, d) = SRScharge P I(p, i) (255)
i∈I(d)
SRScharge P I(p, i) = CS P I(p, i) × SRSpayment G I(i) (256)
X
SRSpayment G I(i) = SRSpayment P I(p, i) (257)
p∈M P (i)

SRScharge P D(p, d) $ P D 9.10.40 System Restart Service amount recov- (255)
Day d
SRScharge P I(p, i) $ P I 9.10.41 System Restart Service amount recov- (256)
Interval i
SRSpayment G I(i) $ G I 9.10.27 System Restart Service amount payable (257)
SRSpayment P I(p, i) $ P I 9.10.26 System Restart Service amount payable (254)
Trading Interval i
Day d
d
4.7.14 NCESS Payments
X
N CESSpayment P D(p, d) = N CESSpayment P I(p, i) (258)
i∈I(d)
X
N CESSpayment P I(p, i) = N CESSpayment P DI(p, di) (259)
di∈DI(i)
X
N CESSpayment P DI(p, di) = N CESSpayment C DI(c, di) (260)
c∈N CESS(p,di)

d
NCESSpayment P D(p, $ P D 9.10.27A NCESS amount payable to participant (258)
d) p for Trading Day d
NCESSpayment P I(p, i) $ P I 9.10.27B NCESS amount payable to participant (259)
NCESSpayment P DI(p, $ P DI 9.10.27C NCESS amount payable to participant (260)
di) p for Dispatch Interval di
NCESSpayment C DI(c, $ C DI 5.9.1 NCESS amount payable under NCESS I
di) Contract c for Dispatch Interval di
NCESS(d) {} G D Set of NCESS Contracts in Trading Day I
d
67
d
terval i
4.7.15 NCESS Charges (Recoverable)
X
N CESScharge P D(p, d) = N CESScharge P I(p, i) (261)
i∈I(d)
N CESScharge P I(p, i) = CS P I(p, i) × N CESSpayment G I(i) (262)
X
N CESSpayment G I(i) = N CESSpayment P I(p, i) (263)
p∈M P (i)

NCESScharge P D(p, d) $ P D 9.10.44 NCESS amount recoverable from par- (261)
NCESScharge P I(p, i) $ P I 9.10.45 NCESS amount recoverable from par- (262)
NCESSpayment G I(i) $ G I 9.10.27D NCESS amount payable for Trading In- (263)
terval i
NCESSpayment P I(p, i) $ P I 9.10.27B NCESS amount payable to participant (259)
Trading Interval i
Day d
d
4.7.16 FCESS Uplift Payments

FCESS Uplift Payments are made to Market Participants in respect of their Registered Facilities in specific circum-
stances where a generator may be required to run to provide a FCESS but would not otherwise be required for energy.
The cost of FCESS Uplift Payments is allocated according to the causer pays principle for the relevant FCESS.
X
F CESSU payment P D(p, d) = F CESSU payment P I(p, i) (264)
i∈I(d)
X
F CESSU payment P I(p, i) = F CESSU payment F I(f, i) (265)
f ∈REG F (p,i)
X
F CESSU payment F I(f, i) = F CESSU payment F DI(f, di) (266)
di∈DI(i)
F CESSU payment F DI(f, di)


0
 if RT M SuspF lag G DI(di) = 1
(267)
= max(ELCR F DI(f, di), ELCL F DI(f, di),

ELRCS F DI(f, di), ELRR F DI(f, di), ELRL F DI(f, di)) otherwise

68
FCESSUpayment P D(p, d) $ P D 9.10.27E FCESS Uplift Payment amount (264)
Day d
FCESSUpayment P I(p, i) $ P I FCESS Uplift Payment amount (265)
Interval i
FCESSUpayment F I(f, i) $ F I 9.10.27F FCESS Uplift Payment amount (266)
payable for Facility f for Trading In-
terval i
FCESSUpayment F DI(f, di) $ F DI 9.10.27L FCESS Uplift Payment amount (267)
payable for Facility f for Dispatch
Interval di
ELCR F DI(f, di) $ F DI 9.10.3C Eligible Enablement Losses in re- (268)
spect of Contingency Reserve Raise
DI(i) {} G I Set of Dispatch Intervals in Trading I
Interval i
ELCL F DI(f, di) $ F DI 9.10.3D Eligible Enablement Losses in re- (271)
spect of Contingency Reserve Lower
ELRCS F DI(f, di) $ F DI 9.10.3D Eligible Enablement Losses in re- (274)
spect of RoCoF Control Service for
ELRR F DI(f, di) $ F DI 9.10.3E Eligible Enablement Losses in re- (277)
spect of Regulation Raise for Facil-
ELRL F DI(f, di) $ F DI 9.10.3F Eligible Enablement Losses in re- (280)
spect of Regulation Lower for Facil-
I(d) {} G D Set of Trading Intervals in Trading I
Day d
REG F(d) {} G D 11 Set of Registered Facilities in Trad- (23)
ing Day d
RTMSuspFlag G DI(di) Flag G DI 9.10.3H Flag that is 1 if the Real-Time Mar- I
ket was suspended in Dispatch In-
4.7.17 FCESS Enablement Losses

Enablement Losses are calculated for a Registered Facility in respect of each individual FCESS. Only Scheduled Fa-
cilities and Semi-Scheduled Facilities are eligible for FCESS Uplift payments. For an eligible Registered Facility, the
Enablement Losses are the difference between its marginal energy offer price and the market clearing price for energy,
multiplied by the highest Enablement Minimum for any FCESS that it is enabled to provide in that Dispatch Interval,
with adjustments for Loss Factors.
4.7.17.1 Contingency Reserve Raise Enablement Losses
ELCR F DI(f, di)





max 0, ELCRF actor F DI(f, di) × T LF F D(f, di) × DLF F D(f, di)
(268)


= 5
× × max(0, EM CR F DI(f, di)) × EP CR F DI(f, di) for f ∈ SF (d) ∪ SSF (d)
 60h




0 otherwise

(
1 if CRquantity F DI(f, di) > 0 and M ISP RICE F DI(f, di) = 0
ELCRF actor F DI(f, di) = (269)
0 otherwise
EP CR F DI(f, di) = LF AOP CR F DI(f, di) − F EM CP G DI(di) (270)
69
ELCR F DI(f, di) $ F DI 9.10.3C Enablement Losses in respect of Con- (268)
tingency Reserve Raise for Facility f for
ELCRFactor F DI(f, di) Flag F DI 9.10.3C Flag that is 1 when Facility f was en- (269)
abled to provide, and provided, Con-
tingency Reserve Raise in Dispatch In-
terval di
EPCR F DI(f, di) $/MWh F DI 9.10.3C Enablement price for Contingency Re- (270)
serve Raise for Facility f for Dispatch
Interval di
for Trading Day d
for Trading Day d
EMCR F DI(f, di) MW F DI 11 Enablement Minimum for Contingency I
Reserve Raise for Facility f in Dispatch
Interval di
CRquantity F DI(f, di) MW F DI 9.10.6(c) Contingency Reserve Raise enablement (118)
terval di
patch Interval di
LFAOPCR F DI(f, di) $/MWh F DI 11 Loss Factor Adjusted Price in the Price- I
Quantity Pair for energy in the Real-
Time Market Submission for Facility f
for Dispatch Interval di which corre-
sponds to its Enablement Minimum for
Contingency Reserve Raise
Day d
Trading Day d
4.7.17.2 Contingency Reserve Lower Enablement Losses
ELCL F DI(f, di)





 max 0, ELCLF actor F DI(f, di) × T LF F D(f, di) × DLF F D(f, di)
(271)


= 5
× × max(0, EM CL F DI(f, di)) × EP CL F DI(f, di) for f ∈ SF (d) ∪ SSF (d)
60h





0 otherwise

(
1 if CLquantity F DI(f, di) > 0 and M ISP RICE F DI(f, di) = 0
ELCLF actor F DI(f, di) = (272)
0 otherwise
EP CL F DI(f, di) = LF AOP CL F DI(f, di) − F EM CP G DI(di) (273)

ELCL F DI(f, di) $ F DI 9.10.3D Enablement Losses in respect of Con- (271)
tingency Reserve Lower for Facility f for
ELCLFactor F DI(f, di) Flag F DI 9.10.3D Flag that is 1 when Facility f was en- (272)
abled to provide, and provided, Contin-
gency Reserve Lower in Dispatch Inter-
val di
70
EPCL F DI(f, di) $/MWh F DI 9.10.3D Enablement price for Contingency Re- (273)
serve Lower for Facility f for Dispatch
Interval di
for Trading Day d
for Trading Day d
EMCL F DI(f, di) MW F DI 11 Enablement Minimum for Contingency I
Reserve Lower for Facility f in Dispatch
Interval di
CLquantity F DI(f, di) MW F DI 9.10.10(c) Contingency Reserve Lower enablement (180)
terval di
patch Interval di
LFAOPCL F DI(f, di) $/MWh F DI 11 Loss Factor Adjusted Price in the Price- I
Contingency Reserve Lower
Day d
Trading Day d
4.7.17.3 RoCoF Control Service Enablement Losses
ELRCS F DI(f, di)


max 0, ELRCSF actor F DI(f, di) × T LF F D(f, di) × DLF F D(f, di)



(274)


= 5
× × max(0, EM RCS F DI(f, di)) × EP RCS F DI(f, di) for f ∈ SF (d) ∪ SSF (d)
 60h




0 otherwise

(
1 if RoCoF quantity F DI(f, di) > 0 and M ISP RICE F DI(f, di) = 0
ELRCSF actor F DI(f, di) = (275)
0 otherwise
EP RCS F DI(f, di) = LF AOP RCS F DI(f, di) − F EM CP G DI(di) (276)

ELRCS F DI(f, di) $ F DI 9.10.3D Enablement Losses in respect of RoCoF (274)
Control Service for Facility f for Dis-
patch Interval di
ELRCSFactor F DI(f, di) Flag F DI 9.10.3D Flag that is 1 when Facility f was en- (275)
abled to provide, and provided, RoCoF
Control Service in Dispatch Interval di
EPRCS F DI(f, di) $/MWh F DI 9.10.3D Enablement price for RoCoF Control (276)
Service for Facility f for Dispatch In-
terval di
for Trading Day d
for Trading Day d
71
EMRCS F DI(f, di) MW F DI 11 Enablement Minimum for RoCoF Con- I
trol Service for Facility f in Dispatch In-
terval di
RoCoFquantity F DI(f, MW F DI 9.10.14(c) RoCoF Control Service enablement (193)
di) quantity for Facility f for Dispatch In-
terval di
patch Interval di
LFAOPRCS F DI(f, di) $/MWh F DI 11 Loss Factor Adjusted Price in the Price- I
RoCoF Control Service
Day d
Trading Day d
4.7.17.4 Regulation Raise Enablement Losses
ELRR F DI(f, di)





 max 0, ELRRF actor F DI(f, di) × T LF F D(f, di) × DLF F D(f, di)
(277)


= 5
× × max(0, EM RR F DI(f, di)) × EP RR F DI(f, di) for f ∈ SF (d) ∪ SSF (d)
60h





0 otherwise

(
1 if RRquantity F DI(f, di) > 0 and M ISP RICE F DI(f, di) = 0
ELRRF actor F DI(f, di) = (278)
0 otherwise
EP RR F DI(f, di) = LF AOP RR F DI(f, di) − F EM CP G DI(di) (279)

ELRR F DI(f, di) $ F DI 9.10.3F Enablement Losses in respect of Regu- (277)
lation Raise for Facility f for Dispatch
Interval di
ELRRFactor F DI(f, di) Flag F DI 9.10.3F Flag that is 1 when Facility f was en- (278)
abled to provide, and provided, Regu-
lation Raise in Dispatch Interval di
EPRR F DI(f, di) $/MWh F DI 9.10.3F Enablement price for Regulation Raise (279)
for Trading Day d
for Trading Day d
EMRR F DI(f, di) MW F DI 11 Enablement Minimum for Regulation I
Raise for Facility f in Dispatch Interval
di
RRquantity F DI(f, di) MW F DI 9.10.22(c) Regulation Raise enablement quantity (229)
patch Interval di
72
LFAOPRR F DI(f, di) $/MWh F DI 11 Loss Factor Adjusted Price in the Price- I
Regulation Raise
Day d
Trading Day d
4.7.17.5 Regulation Lower Enablement Losses
ELRL F DI(f, di)





max 0, ELRLF actor F DI(f, di) × T LF F D(f, di) × DLF F D(f, di)
(280)


= 5
× × max(0, EM RL F DI(f, di)) × EP RL F DI(f, di) for f ∈ SF (d) ∪ SSF (d)
60h





0 otherwise

(
1 if RLquantity F DI(f, di) > 0 and M ISP RICE F DI(f, di) = 0
ELRLF actor F DI(f, di) = (281)
0 otherwise
EP RL F DI(f, di) = LF AOP RL F DI(f, di) − F EM CP G DI(di) (282)

ELRL F DI(f, di) $ F DI 9.10.3G Enablement Losses in respect of Regu- (280)
lation Lower for Facility f for Dispatch
Interval di
ELRLFactor F DI(f, di) Flag F DI 9.10.3G Flag that is 1 when Facility f was en- (281)
lation Lower in Dispatch Interval di
EPRL F DI(f, di) $/MWh F DI 9.10.3G Enablement price for Regulation Lower (282)
for Trading Day d
for Trading Day d
EMRL F DI(f, di) MW F DI 11 Enablement Minimum for Regulation I
Lower for Facility f in Dispatch Inter-
val di
RLquantity F DI(f, di) MW F DI 9.10.23(c) Regulation Lower enablement quantity (245)
patch Interval di
LFAOPRL F DI(f, di) $/MWh F DI 11 Loss Factor Adjusted Price in the Price- I
Regulation Lower
Day d
73
Trading Day d
4.7.18 FCESS Uplift Shares

For cost recovery purposes, the FCESS Uplift Payment for a Registered Facility in a Dispatch Interval is divided
evenly between the different FCESS that were provided by the Registered Facility.
F CESSCount F DI(f, di)


ELCRF actor F DI(f, di) + ELCLF actor F DI(f, di)

(283)

+ELRCSF actor F DI(f, di) + ELRRF actor F DI(f, di)
=

+ELRLF actor F DI(f, di) for f ∈ SF (d) ∪ SSF (d)


0 otherwise
 F CESSU payment F DI(f, di)


for F CESSCount F DI(f, di) > 0
F CESSU Share F DI(f, di) = F CESSCount F DI(f, di) (284)

0 otherwise
F CESSU ShareCR F DI(f, di)


F CESSU Share F DI(f, di) × ELCRF actor F DI(f, di)
 for f ∈ SF (d) ∪ SSF (d)
(285)
= and RT M SuspF lag G DI(di) = 0

0 otherwise

F CESSU ShareCL F DI(f, di)


F CESSU Share F DI(f, di) × ELCLF actor F DI(f, di)
(286)

0 otherwise

F CESSU ShareRCS F DI(f, di)


F CESSU Share F DI(f, di) × ELRCSF actor F DI(f, di)
(287)

0 otherwise

F CESSU ShareRR F DI(f, di)


F CESSU Share F DI(f, di) × ELRRF actor F DI(f, di)
(288)

0 otherwise

F CESSU ShareRL F DI(f, di)


F CESSU Share F DI(f, di) × ELRLF actor F DI(f, di)
(289)

0 otherwise


FCESSCount F DI(f, di) F DI 9.10.3I Number of FCESS Services to be allo- (283)
cated a share of the FCESS Uplift Pay-
ment for Facility f for Dispatch Interval
di
FCESSUShare F DI(f, di) $ F DI 9.10.3J Share of FCESS Uplift Payments for (284)
74
FCESSUShareCR F DI(f, $ F DI 9.10.3K Share of FCESS Uplift Payments to be (285)
di) allocated to Contingency Reserve Raise
FCESSUShareCL F DI(f, $ F DI 9.10.3L Share of FCESS Uplift Payments to (286)
di) be allocated to Contingency Reserve
val di
FCESSUShareRCS F DI(f, $ F DI 9.10.3M Share of FCESS Uplift Payments to be (287)
di) allocated to RoCoF Control Service for
FCESSUShareRR F DI(f, $ F DI 9.10.3N Share of FCESS Uplift Payments to be (288)
di) allocated to Regulation Raise for Facil-
FCESSUShareRL F DI(f, $ F DI 9.10.3O Share of FCESS Uplift Payments to be (289)
di) allocated to Regulation Lower for Facil-
ELCRFactor F DI(f, di) Flag F DI 9.10.3C Flag that is 1 when Facility f was en- (269)
abled to provide, and provided, Con-
tingency Reserve Raise in Dispatch In-
terval di
ELCLFactor F DI(f, di) Flag F DI 9.10.3D Flag that is 1 when Facility f was en- (272)
abled to provide, and provided, Contin-
gency Reserve Lower in Dispatch Inter-
val di
ELRCSFactor F DI(f, di) Flag F DI 9.10.3D Flag that is 1 when Facility f was en- (275)
abled to provide, and provided, RoCoF
Control Service in Dispatch Interval di
ELRRFactor F DI(f, di) Flag F DI 9.10.3F Flag that is 1 when Facility f was en- (278)
lation Raise in Dispatch Interval di
ELRLFactor F DI(f, di) Flag F DI 9.10.3G Flag that is 1 when Facility f was en- (281)
lation Lower in Dispatch Interval di
FCESSUpayment F DI(f, $ F DI 9.10.27L FCESS Uplift Payment amount payable (267)
di) for Facility f for Dispatch Interval di
RTMSuspFlag G DI(di) Flag G DI 9.10.3K, Flag that is 1 if the Real-Time Market I
9.10.3L, was suspended in Dispatch Interval di,
9.10.3M, and 0 otherwise
9.10.3N,
9.10.3O
Day d
Trading Day d
4.8 Reserve Capacity

Reserve Capacity is split into the following parts:
• Capacity Payments - Payment to Market Participants for unallocated Capacity Credits.
• Capacity Credit Over-allocations Payment - Payment to Market Participants for receiving more Capacity Credit
Allocations than its IRCR.
• Supplementary Capacity Payments - Payment to Market Participants associated with a Supplementary Capacity
Contract.
• TRCC Charges - Charge to Market Participants to fund the cost of Capacity up to the Reserve Capacity
Requirement.
• SRCC Charges - Charge to Market Participants to fund the payment of Capacity in excess of the Reserve
Capacity Requirement.
75
• Capacity Cost Refund - Charge to Market Participants resulting from failure to meet obligations relating to
Capacity Credits.
• Intermittent Load Refunds - Charge to Market Participants for Intermittent Load Refunds.
RCSA P D(p, d) = CP P P D(p, d) − CP C P D(p, d) (290)
CP P P D(p, d) = CCSA P D(p, d) − IM LR P D(p, d) + SU P CAP SA P D(p, d) (291)

− CCR P D(p, d) + CCAOASA P D(p, d)
CP C P D(p, d) = T RCC P D(p, d) + SRCC P D(p, d) (292)

RCSA P D(p, d) $ P D 9.8.2 Reserve Capacity settlement amount (290)
CPP P D(p, d) $ P D 9.8.3 Capacity Provider Payment for partici- (291)
pant p in Trading Day d
CPC P D(p, d) $ P D 9.8.4 Capacity Purchaser Charge for partici- (292)
CCSA P D(p, d) $ P D 9.8.3(b) Payment for non-allocated Capacity (293)
Credits for participant p in Trading
Day d
IMLR P D(p, d) $ P D 4.29.3(dA) Intermittent Load Refunds for partici- (395)
SUPCAPSA P D(p, d) $ P D 9.8.3(d) Payment to be made under Supplemen- I
tary Capacity Contracts to participant
p in Trading Day d
CCR P D(p, d) $ P D 4.26.2E Capacity Cost Refund charged to par- (326)
CCAOASA P D(p, d) $ P D 9.8.3(f) Capacity Credit Allocation over- (296)
allocation Payment (when Capacity
Credit Allocations exceed IRCR) for
participant p in Trading Day d
TRCC P D(p, d) $ P D 9.8.4(a) Charge to cover the Targeted Reserve (300)
Capacity Cost for participant p in Trad-
ing Day d
SRCC P D(p, d) $ P D 9.8.4(b) Charge to cover the Shared Reserve Ca- (315)
pacity Cost for participant p in Trading
Day d
4.8.1 Capacity Payments
X
CCSA P D(p, d) = CCSA F D(f, d) (293)
f ∈CCF (p,d)
CCSA F D(f, d) = (CC F D(f, d) − CCAM F D(f, d)) × RCP F D(f, d) (294)
X
CCAM F D(f, d) = CCAQ A D(a) (295)
a∈CCAM (f,d)

Day d
CCSA F D(f, d) $ F D Payment for non-allocated Capacity (294)
Credits for Facility f in Trading Day d
76
CC F D(f, d) MW F D 11 Capacity Credits associated with Facil- I
ity f on Trading Day d
CCAM F D(f, d) MW F D 9.8.3(b)iii Number of Capacity Credits allocated (295)
to another Market Participant in rela-
tion to Facility f in Trading Day d
CCAQ A D(a) MW A D Number of Capacity Credits associated I
with Capacity Credit Allocation a
RCP F D(f, d) $/MW F D 11 Facility Daily Reserve Capacity Price (391)
for Facility f in Trading Day d
CCAM(f, d) {} F D Set of Capacity Credit Allocations I
made by Facility f in Trading Day d
on Trading Day d
4.8.2 Capacity Credit Over-Allocations Payment
CCAOASA P D(p, d) = CCAOA P D(p, d) × EAP P D(p, d) (296)
CCAOA P D(p, d) = max(0, CCAR P D(p, d) − IRCR P M (p, d)) (297)
 X


 CCAQ A D(a) × RCP F D(A2F (a), d)
 a∈CCAR(p,d)
EAP P D(p, d) = for CCAR P D(p, d) ̸= 0 (298)

 CCAR P D(p, d)

0 for CCAR P D(p, d) = 0

X
CCAR P D(p, d) = CCAQ A D(a) (299)
a∈CCAR(p,d)

CCAOA P D(p, d) MW P D Number of Capacity Credit Allocations (297)
received by participant p in excess of its
IRCR for Trading Day d
IRCR P M(p, m) MW P M 4.28.7, Individual Reserve Capacity Require- (304)
4.28.11A ment for participant p for Trading
Month m
CCAR P D(p, d) MW P D Number of Capacity Credits received by (299)
participant p through Capacity Credit
Allocations in Trading Day d
EAP P D(p, d) $/MW P D 9.8.3(i) Excess allocation price for participant (298)
p in Trading Day d
CCAQ A D(a) MW A D Number of Capacity Credits associated I
with Capacity Credit Allocation a
CCAR(p, d) {} P D Set of Capacity Credit Allocations re- I
ceived by participant p (from Facility
f) in Trading Day d
4.8.3 TRCC Charges
(
SS P D(p, d) × T RCC G D(d) for T RCC G D(d) ̸= 0
T RCC P D(p, d) = (300)
0 otherwise
77
CCASF P D(p, d)
SS P D(p, d) = (301)
CCASF G D(d)
X
CCASF G D(d) = CCASF P D(p, d) (302)
p∈P (d)
CCASF P D(p, d) = max(0, IRCR P M (p, d) − CCAR P D(p, d)) (303)
IRCR P M (p, m)


IRCR3 P M (p, m) if IRCR3N ullF lag G M (m) = 0

IRCR2 P M (p, m) if IRCR2N ullF lag G M (m) = 0 and IRCR3N ullF lag G M (m) = 1


(304)

= IRCR1 P M (p, m) if IRCR1N ullF lag G M (m) = 0 and IRCR3N ullF lag G M (m) = 1

and IRCR2N ullF lag G M (m) = 1





estIRCR0 P M (p, m) otherwise


TRCC P D(p, d) $ P D 9.8.4(a) Charge to cover the Targeted Reserve (300)
Capacity Cost for participant p in Trad-
ing Day d
TRCC G D(d) $ G D 4.28.1(a) Targeted Reserve Capacity Cost in (313)
Trading Day d
SS P D(p, d) P D 9.8.4(d) Shortfall share for participant p in (301)
Trading Day d
CCASF G D(d) MW G D The sum of the amount IRCR exceeds (302)
Capacity Credit Allocations received by
Market Participants in Trading Day d
CCASF P D(p, d) MW P D The amount IRCR exceeds Capacity (303)
Credit Allocations received by partici-
Month m
IRCR3 P M(p, m) MW P M 4.28.11A Third adjustment of the Individual Re- I
serve Capacity Requirement for partic-
ipant p for Trading Month m
IRCR2 P M(p, m) MW P M 4.28.11A Second adjustment of the Individual I
Reserve Capacity Requirement for par-
ticipant p for Trading Month m
IRCR1 P M(p, m) MW P M 4.28.11A First adjustment of the Individual Re- I
serve Capacity Requirement for partic-
ipant p for Trading Month m
estIRCR0 P M(p, m) MW P M 4.28.7 Individual Reserve Capacity Require- (420)
ment (prior to any adjustments) (in-
cluding estimation) for participant p for
Trading Month m
IRCR3NullFlag G M(m) Flag G M Flag that is 1 when the third adjust- I
ment of the Individual Reserve Capac-
ity Requirements have not been pub-
lished for Trading Month m, and 0 oth-
erwise
IRCR2NullFlag G M(m) Flag G M Flag that is 1 when the second adjust- I
ment of the Individual Reserve Capac-
ity Requirements have not been pub-
lished for Trading Month m, and 0 oth-
erwise
78
IRCR1NullFlag G M(m) Flag G M Flag that is 1 when the first adjustment I
of the Individual Reserve Capacity Re-
quirements have not been published for
Trading Month m, and 0 otherwise
Day d
4.8.3.1 Targeted Reserve Capacity Cost

MR 4.28.1(a) outlines the Targeted Reserve Capacity Cost as the cost of Capacity Credits acquired by AEMO (not
traded bilaterally through a Capacity Credit Allocation) to just meet the Reserve Capacity Requirement. To imple-
ment this the following steps are followed.
Step 1: Determine how many Capacity Credits need to be acquired by AEMO to just meet the Reserve Capacity
Requirement.
T RCCQ G D(d) = min(RCR G CY (d), CC G D(d)) − (CCAR G D(d) − CCAOA G D(d)) (305)
X
CC G D(d) = CC F D(f, d) (306)
f ∈CCF (d)
X
CCAR G D(d) = CCAR P D(p, d) (307)
p∈P (d)
X
CCAOA G D(d) = CCAOA P D(p, d) (308)
p∈P (d)
Step 2: Identify the set of all Capacity Credits acquired by AEMO and order them by descending price.
CCT RCC G D(d) = {t : T 2P (t) ∈ P (d) or T 2F (t)) ∈ CCF (d)}
ordered by descending CCP T D(t, d) and then alphabetically, where t ∈ CCT RCC G D(d)
(309)
(
EAP P D(t, d) for t ∈ P (d)
CCP T D(t, d) = (310)
RCP F D(T 2F (t), d) for t ∈ CCF (d)
(
CCAOA P D(t, d) for t ∈ P (d)
CCQ T D(t, d) = (311)
CC F D(t, d) − CCAM F D(t, d) for t ∈ CCF (d)
T RCCrank T D(t, d) = Position of price-quantity pair t in CCT RCC G D(d) (312)
Step 3: Determine the cost of Capacity Credits acquired by AEMO to just meet the Reserve Capacity Target.
T RCC G D(d)
X (313)
= CCP T D(t, d) × min (CCQ T D(t, d), max(0, T RCCQ G D(d) − CCCQ T D(t, d)))
t∈CCT RCC G D
X
CCCQ T D(t, d) = CCQ T D(u, d) (314)
u∈CCT RCC G D(d)
T RCCrank T D(u,d)<T RCCrank T D(t,d)
79
TRCCQ G D(d) MW G D 4.28.1(a) The number of Capacity Credits ac- (305)
quired by AEMO to meet the Reserve
Capacity Requirement after allowing
for Capacity Credits traded bilaterally
for Trading Day d
RCR G CY(cy) MW G CY 4.6.1 Reserve Capacity Requirement for Ca- I
pacity Year cy
CC G D(d) MW G D Bilaterally tradeable Capacity Credits (306)
for Trading Day d
CCAR G D(d) MW G D Number of Capacity Credits received (307)
through Capacity Credit Allocations in
Trading Day d
CCAM F D(f, d) MW F D 9.8.3(b)iii Number of Capacity Credits allocated (295)
to another Market Participant in rela-
tion to Facility f in Trading Day d
CCAOA G D(d) MW G D Sum of Capacity Credit Allocations re- (308)
ceived in excess of a Market Partici-
pant’s IRCR for Trading Day d
CCAOA P D(p, d) MW P D Number of Capacity Credit Allocations (297)
received by participant p in excess of its
IRCR for Trading Day d
CCTRCC G D(d) {} G D Ordered set of all price-quantity pairs (309)
associated with Capacity Credits used
in the calculation of the Targeted
Reserve Capacity Cost for Trad-
ing Day d (ordered by descending
T RCCrank T D(t, d))
CCP T D(t, d) $/MW T D Daily capacity price for tranche t in (310)
Trading Day d
CCQ T D(t, d) MW T D Capacity Credits associated with (311)
tranche t on Trading Day d
CCCQ T D(t, d) MW T D Sum of Capacity Credits with a lower (314)
T RCCrank T D(t, d) than tranche t
on Trading Day d
EAP P D(p, d) $/MW P D 9.8.3(i) Excess allocation price for participant (298)
p in Trading Day d
TRCCrank T D(t, d) T D The element number of tranche t in (312)
CCT RCC G D(d) where 1 is the price-
quantity pair with the highest price
Trading Day d
on Trading Day d
Day d
4.8.4 SRCC Charges
SRCC P D(p, d) = IRCRS P M (p, d) × SRCC G D(d) (315)
SRCC G D(d) = ECCSA G D(d) + SU P CAP SA G D(d) − IM LR G D(d) (316)

− RCSD G D(d) − DSP RCSD G D(d) − CCR G D(d)
80
ECCSA G D(d) = CCSA G D(d) + CCAOASA G D(d) − T RCC G D(d) (317)
X
SU P CAP SA G D(d) = SU P CAP SA P D(p, d) (318)
p∈P (d)
X
IM LR G D(d) = IM LR P D(p, d) (319)
p∈P (d)
X
CCSA G D(d) = CCSA P D(p, d) (320)
p∈P (d)
X
CCAOASA G D(d) = CCAOASA P D(p, d) (321)
p∈P (d)
IRCR P M (p, m)
IRCRS P M (p, m) = (322)
IRCR G M (m)
X
IRCR G M (m) = IRCR P M (p, m) (323)
p∈P M (m)
X
CCR G D(d) = CCR G I(i) (324)
i∈I(d)
X
CCR G I(i) = CCR P I(p, i) (325)
p∈P (i)

SRCC P D(p, d) $ P D 9.8.4(b) Charge to cover the Shared Reserve Ca- (315)
pacity Cost for participant p in Trading
Day d
SRCC G D(d) $ G D 4.28.4 Shared Reserve Capacity Cost for Trad- (316)
ing Day d
ECCSA G D(d) $ G D 4.28.4(a) Payments made for Capacity Credits in (317)
excess of the Reserve Capacity Require-
ment for Trading Day d
SUPCAPSA G D(d) $ G D 4.28.4(b) Payment to be made under Supple- (318)
mentary Capacity Contracts in Trading
Day d
IMLR G D(d) $ G D 4.28.4(c) Intermittent Load Refunds for Trading (319)
Day d
CCSA G D(d) $ G D Payment for non-allocated Capacity (320)
Credits in Trading Day d
CCAOASA G D(d) $ G D Capacity Credit Allocation over- (321)
Credit Allocations exceed IRCR) in
Trading Day d
IRCRS P M(p, m) P M 9.8.4(f) Capacity share for participant p for (322)
Trading Month m
IRCR G M(m) MW G M Sum of the all Individual Reserve Ca- (323)
pacity Requirement for Trading Month
m
CCR G D(d) $ G D 4.28.4(cA) Capacity Cost Refunds charged in (324)
Trading Day d
CCR G I(i) $ G I 4.26.6(b) Capacity Cost Refunds charged in (325)
Trading Interval i
81
CCR P I(p, i) $ P I 4.26.2F Trading Interval Capacity Cost Refund (327)
charged to participant p in Trading In-
terval i
Day d
DSPRCSD G D(d) $ G D 4.28.4(b), Total amount drawn under a DSP Re- I
4.28.4(d) serve Capacity Security by AEMO for
Trading Day d
d
Month m
Day d
P M(m) {} G M Set of participants (Rule Participants, (1)
Month m
RCSD G D(d) $ G D 4.28.4(b), Total amount drawn under a Reserve I
4.28.4(d) Capacity Security by AEMO for Trad-
ing Day d
SUPCAPSA P D(p, d) $ P D 9.8.3(d) Payment to be made under Supplemen- I
tary Capacity Contracts to participant
p in Trading Day d
Trading Day d
4.8.5 Capacity Cost Refunds

4.8.5.1 Refund Aggregations
X
CCR P D(p, d) = CCR P I(p, i) (326)
i∈I(d)
CCR P I(p, i) = GCCR P I(p, i) + DSP CCR P I(p, i) (327)
GCCR P I(p, i) = min(M AXP GR P CY (p, i) − CGCCR P I(p, i), GRCDR P I(p, i) + N SR P I(p, i)) (328)
X
CGCCR P I(p, i) = CGCCRstart P D(p, d) + GCCR P I(p, j) (329)
j∈P IT D(i)
X
GRCDR P I(p, i) = F RCDR F I(f, i) (330)
f ∈SF (p,i)∪SSF (p,i)∪N SF (p,i)∪indSF (p,i)∪indSSF (p,i)∪indN SF (p,i)
X
DSP CCR P I(p, i) = DSP CCR F I(f, i) (331)
f ∈DSP (p,i)∪indDSP (p,i)
DSP CCR F I(f, i) = min(M AXF R F CY (f, i) − CDSP CCR F I(f, i), DSP CSR F I(f, i) + F RCDR F I(f, i))
(332)
82
X
CDSP CCR F I(f, i) = CDSP CCRstart F D(f, i) + DSP CCR F I(f, j) (333)
j∈P IT D(i)

CCR P D(p, d) $ P D 4.26.2E Capacity Cost Refund charged to par- (326)
CCR P I(p, i) $ P I 4.26.2F Trading Interval Capacity Cost Refund (327)
charged to participant p in Trading In-
terval i
GCCR P I(p, i) $ P I 4.26.3 Generation Capacity Cost Refund for (328)
DSPCCR P I(p, i) $ P I 4.26.2F(b) Sum of DSP Capacity Cost Refunds for (331)
DSPCCR F I(f, i) $ F I 4.26.3A DSP Capacity Cost Refund for Facility (332)
CDSPCCR F I(f, i) $ F I 4.26.3A Sum of DSP Capacity Cost Refund for (333)
Facility f in Trading Intervals in the
same Capacity Year as, but prior to,
Trading Interval i
CDSPCCRstart F D(f, d) $ F D 4.26.3A Sum of DSP Capacity Cost Refund for I
Facility f in the same Capacity Year as,
but prior to, Trading Day d
CGCCR P I(p, i) $ P I 4.26.3 Sum of Generation Capacity Cost Re- (329)
fund for participant p in Trading Inter-
vals in the same Capacity Year as, but
prior to, Trading Interval i
CGCCRstart P D(p, d) $ P D 4.26.3 Sum of Generation Capacity Cost Re- I
fund for participant p in the same Ca-
pacity Year as, but prior to, Trading
Day d
MAXPGR P CY(p, cy) $ P CY 11 Maximum Participant Generation Re- (334)
fund for participant p in Capacity Year
cy
GRCDR P I(p, i) $ P I 4.26.1I Generation Reserve Capacity Deficit (330)
Refund for participant p in Trading In-
terval i
FRCDR F I(f, i) $ F I 4.26.1A Facility Reserve Capacity Deficit Re- (352)
fund for Facility f in Trading Interval
i
DSPCSR F I(f, i) $ F I 4.26.3A(b)i DSP capacity shortfall refund for Facil- (350)
NSR P I(p, i) $ P I 4.26.3(b) Net STEM Refund for participant p in (338)
Trading Interval i
MAXFR F CY(f, cy) $ F CY 11 Maximum Facility Refund for Facility f (336)
in Capacity Year cy
Day d
Trading Day d
ing Day d
Trading Day d
PITD(i) {} G I Set of Trading Intervals in the same I
Trading Day as, but prior to, Trading
Interval i
d
83
4.8.5.2 Refund Caps
The calculations of M AXF R F CY , M AXGR P CY and M AXP GR P CY require calculations for all Trading
Days in the Capacity Year. This is important to note as very few other calculations require this forward-looking
calculation. In order to perform this forward-looking calculation, the following assumptions are made for future
Trading Days:
• CC F D(f, d + 1) = CC F D(f, d)
• The Facility remains registered to the current Market Participant for the remainder of the Capacity Year.
X
M AXP GR P CY (p, cy) = M AXP GR P D(p, d) (334)
d∈D CY (cy)
X
M AXP GR P D(p, d) = M AXF R F D(f, d) (335)
f ∈SF (p,d)∪SSF (p,d)∪N SF (p,d)∪indSF (p,d)∪indSSF (p,d)∪indN SF (p,d)
X
M AXF R F CY (f, cy) = M AXF R F D(f, d) (336)
d∈D CY (cy)
M AXF R F D(f, d) = CC F D(f, d) × RCP F D(f, d) (337)

MAXPGR P CY(p, cy) $ P CY 11 Maximum Participant Generation Re- (334)
fund for participant p in Capacity Year
cy
MAXPGR P D(p, d) $ P D 11 Maximum Participant Generation Re- (335)
fund for participant p contributed by
Trading Day d
in Capacity Year cy
MAXFR F D(f, d) $ F D 11 Maximum Facility Refund for Facility f (337)
contributed by Trading Day d
Day d
Trading Day d
ing Day d
on Trading Day d
D CY(cy) {} G CY Set of Trading Days in Capacity Year I
cy
4.8.5.3 Net STEM Refund
N SR P I(p, i) = T IRRW P I(p, i) × N SSF P I(p, i) (338)
N SSF P I(p, i) = max(0, ST EM REQ P I(p, i) − CAP AST EM P I(p, i) − RT CR P I(p, i)) (339)
X
RT CR P I(p, i) = RT CR F I(f, i) (340)
f ∈(SF (p,i)∪SSF (p,i))∩COP (i)
RT CR F I(f, i) = CAF O F I(f, i) + N ISCRQ F I(f, i) + ESRCSF F I(f, i) + RT M OSF F I(f, i) (341)
+ max(0, N IM GRP P O F I(f, i) + ESRRP P O F I(f, i) − ST EM CAP O F I(f, i))
84
X
ST EM REQ P DI(p, di)
di∈DI(i)
ST EM REQ P I(p, i) = (342)
6
X
ST EM REQ P DI(p, di) = ST EM F REQ F DI(f, di) (343)
f ∈(SF (di)∪SSF (di))∩COP (di)
ST EM F REQ F DI(f, di) = ST EM RCOQ F DI(f, di) − max(0, ST EM CAF O F DI(f, di) − CAF O F DI(f, di)
(344)
CAP AST EM P I(p, i)



 ST EM REQ P I(p, i) if SSF G D(i) = 0
(345)

or ST EM REQ P I(p, i) = 0

=
 N CP P I(p, i) + ST EM N SOQ P I(p, i) + ST EM DQ P I(p, i)
otherwise


0.5h × LF P I(p, i)

ST EM N SOQ P I(p, i) = ST EM OQ P I(p, i) − ST EM SQ P I(p, i) (346)
X
LF P DI(p, di)
di∈DI(i)
LF P I(p, i) = (347)
6
X
(LF F D(f, di) × ST EM RCOQ F DI(f, di))
f ∈(SF (p,di)∪SSF (p,di))∩COP (di)
LF P DI(p, di) = X (348)
ST EM RCOQ F DI(f, di)
f ∈(SF (p,di)∪SSF (p,di))∩COP (di)
LF F D(f, d) = T LF F D(f, d) × DLF F D(f, d) (349)

NSR P I(p, i) $ P I 4.26.3(b) Net STEM Refund for participant p in (338)
Trading Interval i
TIRRW P I(p, i) $/MW P I 4.26.3(b)ii Weighted average Trading Interval re- (377)
fund rate for participant p in Trading
Interval i
NSSF P I(p, i) MW P I 4.26.2AA Net STEM Shortfall for participant p (339)
STEMREQ P I(p, i) MW P I 4.26.2AB STEM requirement for participant p in (342)
Trading Interval i
STEMREQ P DI(p, di) MW P DI 4.26.2AC STEM requirement for participant p in (343)
STEMFREQ F DI(f, di) MW F DI 4.26.2AD STEM requirement for Facility f in Dis- (344)
patch Interval di
CAPASTEM P I(p, i) MW P I 4.26.2AE Capacity made available bilaterally and (345)
through STEM by participant p in
Trading Interval i
RTCR P I(p, i) MW P I 4.26.2AH Capacity subject to Facility Reserve (340)
Capacity Deficit Refunds for partici-
pant p in Trading Interval i
RTCR F I(f, i) MW F I Capacity subject to Facility Reserve (341)
Capacity Deficit Refunds for Facility f
CAFO F I(f, i) MW F I 3.21.7B Capacity Adjusted Forced Outage I
Quantity for Facility f in Trading In-
terval i
85
CAFO F DI(f, di) MW F DI 3.21.7C Capacity Adjusted Forced Outage I
Quantity for Facility f in Dispatch In-
terval di
NISCRQ F I(f, i) MW F I 4.26.1D Not In-Service Capacity Refund Quan- (362)
tity for Facility f in Trading Interval i
ESRCSF F I(f, i) MW F I 4.26.1E ESR Charge Shortfall for Facility f in (364)
Trading Interval i
RTMOSF F I(f, i) MW F I 4.26.1G Real-Time Market Offer Shortfall for (367)
NIMGRPPO F I(f, i) MW F I 4.26.1C Refund Payable Planned Outage associ- (357)
ated with Non-Intermittent Generating
Systems for Facility f in Trading Inter-
val i
ESRRPPO F I(f, i) MW F I 4.26.1CA Refund Payable Planned Outage associ- (358)
ated with an Electric Storage Resource
for Facility f in Trading Interval i
STEMCAPO F I(f, i) MW F I 4.26.2AH Capacity Adjusted Planned Outage I
Quantity determined on the Scheduling
Day for Facility f in Trading Interval i
STEMCAFO F DI(f, di) MW F DI 4.26.2AD Capacity Adjusted Forced Outage I
Quantity determined on the Scheduling
Day for Facility f in Dispatch Interval
di
STEMRCOQ F DI(f, di) MW F DI 11 STEM Reserve Capacity Obligation I
Quantity at the time of the Bilateral
Submission Cutoff for Facility f in Dis-
patch Interval di
NCP P I(p, i) MWh P I 6.9.13 Net Contract Position for participant p (80)
LF P I(p, i) P I 4.26.2A Loss Factor for participant p for Trad- (347)
ing Interval i
LF P DI(p, di) P DI 4.26.2AG Loss Factor for participant p for Dis- (348)
patch Interval di
LF F D(f, d) F D 11 Loss Factor for Facility f for Trading (349)
Day d
for Trading Day d
for Trading Day d
STEMNSOQ P I(p, i) MWh P I Energy offered (but not scheduled) in (346)
STEM by participant p in Trading In-
terval i
STEMOQ P I(p, i) MWh P I App 6 (e) Energy offered in STEM by participant I
SSF G D(d) Flag G D 6.21.1(a) 0 if STEM was suspended in Trading I
Day d, and 1 otherwise
Day d
Trading Day d
terval i
86
4.8.5.4 DSP Capacity Shortfall Refund
(
T IRR F I(f, i) × DSP SF F I(f, i) if f ∈ REG F (i)
DSP CSR F I(f, i) = (350)
0 otherwise

DSP SF F I(f, i) = max 0, min estRCOQ F I(f, i), DIM W F I(f, i)
(351)
DSP L F I(f, i)
− max 0, RD F D(f, i) −
0.5h

DSPCSR F I(f, i) $ F I 4.26.3A(b)i DSP capacity shortfall refund for Facil- (350)
TIRR F I(f, i) $/MW F I 4.26.1(a), Trading Interval Refund Rate for Facil- (378)
4.28A.1A ity f in Trading Interval i
DSPSF F I(f, i) MW F I 4.26.2D DSP Capacity Shortfall for Facility f for (351)
Trading Interval i
estRCOQ F I(f, i) MW F I 11 Reserve Capacity Obligation Quantity (421)
(including estimation) of Facility f in
Trading Interval i
RD F D(f, d) MW F D 4.26.2CA Relevant Demand of Facility f in Trad- I
ing Day d
DIMW F I(f, i) MW F I 4.26.2D(a) The MW quantity by which Facility I
f was instructed by AEMO to curtail
the absolute value of its Withdrawal in
Trading Interval i
Trading Day d
4.8.5.5 Facility Reserve Capacity Deficit Refund
F RCDR F I(f, i) = min(RCD F I(f, i) × T IRR F I(f, i), M AXF R F CY (f, i) − CF RCDR F I(f, i)) (352)
X
CF RCDR F I(f, i) = CF RCDRstart F D(f, i) + F RCDR F I(f, j) (353)
j∈P IT D(i)
RCD F I(f, i)


CC F D(f, i) for f ∈ REG F (i) ∪ (COP (i)




 ∩(SF (i) ∪ SSF (i) ∪ N SF (i)))

min(CCIG F D(f, i), RLRCD F D(f, i)) + RT M RCD F I(f, i) for f ∈ COP (i) ∩ (SF (i) ∪ SSF (i))
=


min(CC F D(f, i), RLRCD F D(f, i)) for f ∈ COP (i) ∩ N SF (i)

max(0, estRCOQ F I(f, i) − max(0, RD F D(f, i) − M IN L F D(f, i))) for f ∈ DSP (i)




0 otherwise
(354)
RLRCD F D(f, i) =

max 0, min REQLA F D(f, i) (355)

M AX2 F D(f, i)
− , REQLA F D(f, i) − EST SOC F D(f, i)
0.5h
RT M RCD F I(f, i) = N IM GRP P O F I(f, i) + ESRRP P O F I(f, i) + min(estRCOQ F I(f, i), (356)
CAF O F I(f, i) + N ISCRQ F I(f, i) + ESRCSF F I(f, i) + RT M OSF F I(f, i))
87
X
N IM GRP P O F I(f, i) = N IM GRP P O SCC I(scc, i) (357)
scc∈N IM G(f,i)
X
ESRRP P O F I(f, i) = ESRRP P O SCC I(scc, i) (358)
scc∈ESR(f,i)
(
N IM GP O SCC I(scc, i) for REP OC1000 SCC D(scc, i) ≥ 8400
N IM GRP P O SCC I(scc, i) = (359)
0 otherwise
(
ESRP O SCC I(scc, i) for REP OC1000 SCC D(scc, i) ≥ 1400
ESRRP P O SCC I(scc, i) = (360)
0 otherwise
X
REP OC1000 SCC D(scc, d) = REP OC SCC D(scc, i) (361)
i∈P D1000(d)
X
N ISCRQ F DI(f, di)
di∈DI(i)
N ISCRQ F I(f, i) = (362)
6
N ISCRQ F DI(f, di)

(
0 if RT M SuspF lag G DI(di) = 1
=
min(estRCOQ F DI(f, di) − CAF O F DI(f, di), N ISCap F DI(f, di)) otherwise
(363)
X
ESRCSF F DI(f, di)
di∈DI(i)
ESRCSF F I(f, i) = (364)
6
X
ESRCSF F DI(f, di) = CSF SCC DI(scc, di) (365)
scc∈ESR(f,di)
CSF SCC DI(scc, di)


0


if RT M SuspF lag G DI(di) = 1
(366)

= max 0, estRCOQ SCC DI(scc, di) − CAF O SCC DI(scc, di)



 max(0,ChargeLevel SCC DI(scc,di)−M inChargeLevel SCC D(scc,di))
−

5/60h otherwise
X
RT M OSF F DI(f, di)
di∈DI(i)
RT M OSF F I(f, i) = max 0, − CAF O F I(f, di) (367)
6

− N ISCRQ F I(f, i) − ESRCSF F I(f, i)
RT M OSF F DI(f, di)

(
0 if RT M SuspF lag G DI(di) = 1 (368)
=
max(0, estRCOQ F DI(f, di) − Of f erAvail F DI(f, di)) otherwise
X
M IN L F D(f, d) = M IN L N D(n, d) (369)
n∈DSP N M I(f,d)
88
FRCDR F I(f, i) $ F I 4.26.1A Facility Reserve Capacity Deficit Re- (352)
fund for Facility f in Trading Interval
i
CFRCDR F I(f, i) $ F I 4.26.1A(b) Sum of Facility Reserve Capacity (353)
Deficit Refunds for Facility f in Trad-
ing Intervals in the same Capacity Year
as, but prior to, Trading Interval i
RCD F I(f, i) MW F I 4.26.1A Reserve Capacity Deficit for Facility f (354)
RLRCD F D(f, d) MW F D Reserve Capacity Deficit (related to Re- (355)
quired Level) for Facility f for Trading
Day d
RTMRCD F I(f, i) MW F I 4.26.1B Real-Time Market Reserve Capacity (356)
Deficit for Facility f for Trading Interval
i
NIMGRPPO F I(f, i) MW F I 4.26.1B Total Refund Payable Planned Out- (357)
age Quantity for all Separately Cer-
tified Components which are Non-
Intermittent Generating Systems for
ESRRPPO F I(f, i) MW F I 4.26.1B Total Refund Payable Planned Outage (358)
Quantity for all Separately Certified
Components which are Electric Storage
Resources for Facility f in Trading In-
terval i
NIMGRPPO SCC I(scc, MW SCC I 4.26.1C Refund Payable Planned Outage Quan- (359)
i) tity for Separately Certified Component
scc which is a Non-Intermittent Gener-
ating System in Trading Interval i
ESRRPPO SCC I(scc, i) MW SCC I 4.26.1CA Refund Payable Planned Outage Quan- (360)
tity for Separately Certified Component
scc which is an Electric Storage Re-
source in Trading Interval i
REPOC1000 SCC D(scc, SCC D 4.26.1C, Refund Exempt Planned Outage Count (361)
d) 4.26.1CA for Separately Certified Component scc
over the preceding 1000 Trading Days
prior to (and excluding) Trading Day d
NISCRQ F I(f, i) MW F I 4.26.1D Not In-Service Capacity Refund Quan- (362)
tity for Facility f in Trading Interval i
NISCRQ F DI(f, di) MW F DI Not In-Service Capacity Refund Quan- (363)
tity for Facility f in Dispatch Interval
di
ESRCSF F I(f, i) MW F I 4.26.1E ESR Charge Shortfall for Facility f in (364)
Trading Interval i
ESRCSF F DI(f, di) MW F DI 4.26.1E ESR Charge Shortfall for Facility f in (365)
RTMOSF F I(f, i) MW F I 4.26.1G Real-Time Market Offer Shortfall for (367)
RTMOSF F DI(f, di) MW F DI 4.26.1H Shortfall in Reserve Capacity offered (368)
into the Real-Time Market for Facility
f in Dispatch Interval di
MINL F D(f, d) MW F D 4.26.1(e)iii.4 Minimum load of Facility f for Trading (369)
Day d
terval i
CAFO F DI(f, di) MW F DI 3.21.7C Capacity Adjusted Forced Outage I
Quantity for Facility f in Dispatch In-
terval di
89
CAFO SCC DI(scc, di) MW SCC DI 3.21.7 Capacity Adjusted Forced Outage I
Quantity for Separately Certified Com-
ponent scc in Dispatch Interval di
CCIG F D(f, d) MW F D Capacity Credits associated with an In- I
termittent Generating System for Facil-
CFRCDRstart F D(f, d) $ F D 4.26.1A(b) Sum of Facility Reserve Capacity I
Deficit Refunds for Facility f in the
same Capacity Year as, but prior to,
Trading Day d
ChargeLevel SCC DI MWh SCC DI 4.26.1F(c) Charge Level (or alternative estimate I
from AEMO where the Charge Level
is not available) of Separately Certified
Component scc at the start of Dispatch
Interval di
CSF SCC DI(scc, di) MW SCC DI 4.26.1F Capacity shortfall for Separately Certi- (366)
fied Component scc in Dispatch Interval
di
terval i
Trading Day d
DSPNMI(d) {} G D Set of connection points which comprise I
a Demand Side Programme on Trading
Day d
ESR(d) {} G D Set of Electric Storage Resources in I
Trading Day d
ESRPO SCC I(scc, i) MW SCC I 4.26.1CA Capacity Adjusted Planned Outage I
ponent scc which is an Electric Storage
Resource in Trading Interval i
ESTSOC F D(f, d) MW F D 4.13.10C Independent expert’s estimate of the I
sent out capacity of Facility f applicable
for Trading Day d
MAX2 F D(f, d) MWh F D 4.26.1A 2nd highest Sent Out Metered Schedule (370)
(a)ii.3.iii of Facility f up to and including Trading
Day d
in Capacity Year cy
MinChargeLevel SCC D MWh SCC D 4.26.1F(d) Minimum Charge Level capability of I
Separately Certified Component scc in
Trading Day d
MINL N D(n, d) MW N D 2.29.5B(c) Minimum load of NMI n for Trading I
Day d
NIMGPO SCC I(scc, i) MW SCC I 4.26.1C Capacity Adjusted Planned Outage I
ponent scc which is a Non-Intermittent
Generating System in Trading Interval
i
NISCap F DI(f, di) MW F DI 7.13A.1 Not In-Service Capacity quantity for I
Facility f in Dispatch Interval di
ing Day d
90
OfferAvail F DI(f, di) MW F DI 4.26.1H(b) MW quantity included in Real-Time I
Market Offers for energy for Facility f
in Dispatch Interval di (whether offered
as Available Capacity or In-Service Ca-
pacity) that were used to calculate Dis-
patch Instructions and Market Clearing
Prices
PITD(i) {} G I Set of Trading Intervals in the same I
Trading Day as, but prior to, Trading
Interval i
PD1000(d) {} G D Set of 1000 Trading Days preceding I
(and excluding) Trading Day d
Trading Interval i
estRCOQ F DI(f, di) MW F DI 4.26.1H(a) Reserve Capacity Obligation Quantity (423)
estRCOQ SCC DI(scc, MW SCC DI Reserve Capacity Obligation Quantity (422)
di) (including estimation) for Separately
Certified Component scc in Dispatch
Interval di
RD F D(f, d) MW F D 4.26.2CA Relevant Demand of Facility f in Trad- I
ing Day d
Day d
REPOC SCC D(scc, d) F D 11 Refund Exempt Planned Outage Count I
for Separately Certified Component scc
on Trading Day d
REQLA F D(f, d) MW F D Required Level adjusted to current level I
of Capacity Credits for Facility f for
Trading Day d
RTMSuspFlag G DI(di) Flag G DI 4.26.1D(d), Flag that is 1 if the Real-Time Market I
4.26.1F(e), was suspended in Dispatch Interval di,
4.26.1H(c) and 0 otherwise
Day d
Trading Day d
4.8.5.6 MAX2 F D
M AX2 F D(f, d) = 2nd highest value of

{M AX1CD F D(f, j) : n < j ≤ d} ∪
{M AX2CD F D(f, j) : n < j ≤ d} ∪ (370)
{M AX1Start F D(f, n)} ∪
{M AX2Start F D(f, n)}
where n is the Trading Day applicable to M AX1Start F D and M AX2Start F D and n is represented in three compo-
nents (year, month and day) by variables M AXStartY ear G D and M AXStartM onth G D and M AXStartDay G D.
M AX1CD F D(f, d) = Highest value of {SOM S F I(f, i) × COP F D(f, i) : i ∈ I(d)} (371)
M AX2CD F D(f, d) = 2nd highest value of {SOM S F I(f, i) × COP F D(f, i) : i ∈ I(d)} (372)
91
MAX2 F D(f, d) MWh F D 4.26.1A 2nd highest Sent Out Metered Schedule (370)
(a)ii.3.iii of Facility f up to and including Trading
Day d
COP F D(f, d) Flag F D 4.13.10B Flag that is 1 when Facility f is in Com- I
mercial Operations in Trading Day d,
and 0 otherwise
MAX2CD F D(f, d) MWh F D 2nd highest Sent Out Metered Schedule (372)
(after Commercial Operation) of Facil-
ity f in the current day, Trading Day
d
MAX1CD F D(f, d) MWh F D Highest Sent Out Metered Schedule (af- (371)
ter Commercial Operation) of Facility f
in the current day, Trading Day d
MAX2Start F D(f, d) MWh F D 2nd highest Sent Out Metered Schedule I
(after Commercial Operation) of Facil-
ity f up to and including Trading Day
d
MAX1Start F D(f, d) MWh F D Highest Sent Out Metered Schedule (af- I
ter Commercial Operation) of Facility f
up to and including Trading Day d
MAXStartYear G D(d) G D A number representing the year I
associated with the Trading Day
applicable to M AX1Start F D and
M AX2Start F D
MAXStartMonth G D(d) G D A number representing the month I
M AX2Start F D
MAXStartDay G D(d) G D A number representing the day I
M AX2Start F D
d
4.8.5.7 Intermittent Load Refunds
IM LR F I(f, i) = IM LSF F I(f, i) × T IRR F I(f, i) (373)
IM LSF F I(f, i) (374)

−SOM SIL F I(f, i)


 max 0, − 1.03 × N C F D(f, i) for IM LEP SP OF lag F I(f, i) = 1



 0.5h


 −SOM SIL F I(f, i)
max 0,

 − 0.03 × N C F D(f, i) − ACR F D(f, i) for IM LEP SP OF lag F I(f, i) = 0
0.5h

=

 and IM LEP SF OF lag F I(f, i) = 0

and estM AXT EM P F D(f, i) > 41°C





−SOM SIL F I(f, i)


− 0.03 × N C F D(f, i)

max 0,
 otherwise
0.5h
(
1 if ∃di ∈ DI(i) : IM LEP SP OF lag F DI(f, di) = 1
IM LEP SP OF lag F I(f, i) = (375)
0 otherwise
(
1 if ∃di ∈ DI(i) : IM LEP SF OF lag F DI(f, di) = 1
IM LEP SF OF lag F I(f, i) = (376)
0 otherwise
92
IMLR F I(f, i) $ F I Intermittent Load Refunds for Facility (373)
IMLSF F I(f, i) MW F I 4.28A.1(c) Intermittent Load capacity shortfall for (374)
IMLEPSPOFlag F I(f, i) Flag F I 4.28A.1(c) Flag that is 1 when the Energy Pro- (375)
ducing System associated with Facility
f is subject to a Planned Outage that
would affect the energy production ca-
pability of the Energy Producing Sys-
tem in Trading Interval i, and 0 other-
wise
IMLEPSPOFlag F DI(f, Flag F DI 4.28A.1(c) Flag that is 1 when the Energy Produc- I
di) ing System associated with Facility f is
subject to a Planned Outage that would
affect the energy production capability
of the Energy Producing System in Dis-
patch Interval di, and 0 otherwise
IMLEPSFOFlag F I(f, i) Flag F I 4.28A.1(c) Flag that is 1 when the Energy Produc- (376)
ing System associated with Facility f is
subject to a Forced Outage that would
affect the energy capability of the En-
ergy Producing System in Trading In-
terval i, and 0 otherwise
IMLEPSFOFlag F DI(f, Flag F DI 4.28A.1(c) Flag that is 1 when the Energy Produc- I
di) ing System associated with Facility f is
subject to a Forced Outage that would
affect the energy capability of the En-
ergy Producing System in Dispatch In-
estMAXTEMP F D(f, d) °C F D 2.30B.3(b)ii Daily maximum temperature (includ- (419)
ing estimation) of the Energy Produc-
ing System associated with Facility f for
Trading Day d
NC F D(f, d) MW F D 4.28.8(c) Nominated capacity for Facility f for I
Trading Day d
ACR F D(f, d) MW F D 2.30B.3(b)i Anticipated capacity reduction at 45°C I
associated with Facility f for Trading
Day d
4.8.5.8 Refund Rates
T IRRW P I(p, i)
 X

0 for CC F D(f, i) = 0

f ∈REG F (p,i)∩DSP (p,i)




(377)
 X
T IRR F I(f, i) × CC F D(f, i)

=
 f ∈REG F (p,i)∩DSP (p,i)
otherwise



 X


 CC F D(f, i)

f ∈REG F (p,i)∩DSP (p,i)
T IRR F I(f, i) = RF F I(f, i) × Y F I(f, i) (378)
RF F I(f, i) = min(6, max(RF dyn G I(i), RF f loor F I(f, i))) (379)
5.75
RF dyn G I(i) = 11.75 − × SP ARE G I(i) (380)
750M W
93
X
SP ARE G I(i) = SP ARE F I(f, i) (381)
f ∈CCF (i)∩REG F (i)
SP ARE F I(f, i)

SOM S F I(f, i)

 max 0, estRCOQ F I(f, i) − CAF O F I(f, i) − for f ∈ SF (i) ∪ SSF (i)
0.5h


(382)


= DSP L F I(f, i)
max 0, min estRCOQ F I(f, i), − M IN L F D(f, i) for f ∈ DSP (i)
0.5h





0 otherwise

(
1 for f ∈ DSP (i) ∪ COP (i) ∪ REG F (i)
RF f loor F I(f, i) = (383)
1 − 0.75 × DISP F I(f, i) otherwise
DISP F I(f, i)
0 for div by 0



 X X X
CAF O F I(f, j) + CAF O F D(f, d) + CAF O F I(f, j)



= j∈P I4320a(i) d∈P D89(i) j∈P I4320b(i)
1 − otherwise

 X X X


 CC F D(f, j) + 48 × CC F D(f, d) + CC F D(f, j)
j∈P I4320a(i) d∈P D89(i) j∈P I4320b(i)
(384)
X
CAF O F D(f, d) = CAF O F I(f, i) (385)
i∈I(d)

CCESR F I(f, i) RCP F D(f, i)
×


CC F D(f, i) 8





CC F D(f, i) − CCESR F I(f, i)


 + × RCP F I(f, i) for f ∈ COP (i) ∩ (SF (i) ∪ SSF (i))



CC F D(f, i)
Y F I(f, i) =
RCP F M (f, i) × 12
for f ∈ DSP (i)






 400
RCP G I(i) for f ∈ IM L(i)




RCP F I(f, i) otherwise

(386)
(
CCESR F D(i) for i ∈ ESROI(i)
CCESR F I(f, i) = (387)
0 otherwise
RCP G M (i)
RCP G I(i) = (388)
T IT M G M (i)
RCP G CY (m)
RCP G M (m) = (389)
12
RCP F M (f, m)
RCP F I(f, i) = (390)
T IT M G M (i)
RCP F M (f, d)
RCP F D(f, d) = (391)
T DT M G M (d)
RCP F CY (f, m)
RCP F M (f, m) = (392)
12
T IT M G M (m) = 48 × T DT M G M (m) (393)
94

 28 for m = February in a non-leap year


29 for m = February in a leap year
T DT M G M (m) = (394)

 30 for m ∈ { April, June, September, November }

for m ∈ { January, March, May, July, August, October, December }

31

TIRRW P I(p, i) $/MW P I 4.26.3(b)ii Weighted average Trading Interval re- (377)
fund rate for participant p in Trading
Interval i
RF F I(f, i) F I 4.26.1(c), Refund factor for Facility f in Trading (379)
4.28A.1A(b) Interval i
RFdyn G I(i) G I 4.26.1(d) Dynamic refund factor for in Trading (380)
Interval i
SPARE G I(i) MW G I 4.26.1(d) Available capacity (related to Capac- (381)
ity Credits) which is not dispatched in
Trading Interval i
SPARE F I(f, i) MW F I 4.26.1(e) Available capacity (related to Capacity (382)
Credits) which is not dispatched for Fa-
RFfloor F I(f, i) F I 4.26.1(f), Minimum refund factor for Facility f in (383)
4.26.1(g) Trading Interval i
Y F I(f, i) $/MW F I 4.26.1(b), Per Interval Reserve Capacity Price for (386)
4.28A.1A(c) Facility f in Trading Interval i
RCP G I(i) $/MW G I Interval Reserve Capacity Price for (388)
Trading Interval i
RCP G M(m) $/MW G M 11 Monthly Reserve Capacity Price for (389)
Trading Month m
RCP G CY(cy) $/MW G CY 11 Reserve Capacity Price for Capacity I
Year cy
RCP F I(f, i) $/MW F I Interval Reserve Capacity Price for Fa- (390)
RCP F M(f, m) $/MW F M 11 Facility Monthly Reserve Capacity (392)
Price for Facility f in Trading Month
m
RCP F CY(f, cy) $/MW F CY 11 Annual Reserve Capacity Price for Fa- I
cility f in Capacity Year cy
CCESR F I(f, i) MW F I Capacity Credits associated with Facil- (387)
ity f on Trading Interval i
CCESR F D(f, d) MW F D Capacity Credits associated with an I
Electric Storage Resource for Facility f
on Trading Day d
terval i
CAFO F D(f, d) MW F D 3.21.7B Sum of Capacity Adjusted Forced Out- (385)
age Quantity for Facility f in Trading
Day d
Trading Interval i
95
MINL F D(f, d) MW F D 4.26.1(e)iii.4 Minimum load of Facility f for Trading (369)
Day d
DISP F I(f, i) F I 4.26.1(f)i Portion of capacity which is not subject (384)
to a Forced Outage for Facility f over
the previous 4320 Trading Intervals up
to and including Trading Interval i
TITM G M(m) G M Number of Trading Intervals in Trading (393)
Month m
TDTM G M(m) G M Number of Trading Days in Trading (394)
Month m
Day d
Day d
Trading Day d
Trading Day d
on Trading Day d
ESROI(d) {} G D Set of Electric Storage Resource Obli- I
gation Intervals applicable on Trading
Day d
PI4320a(i) {} G I Set of Trading Intervals within the 90th I
Trading Day prior to Trading Interval
i’s Trading Day that form part of the
4320 Trading Intervals prior to and in-
cluding Trading Interval i
PI4320b(i) {} G I Set of Trading Intervals within Trading I
Interval i’s Trading Day that form part
of the 4320 Trading Intervals prior to
and including Trading Interval i
PD89(d) {} G D Set of 89 Trading Days prior to Trading I
Day d
d
4.8.6 Intermittent Load Refunds
X
IM LR P D(p, d) = IM LR F D(f, d) (395)
f ∈IM L(p,d)∩LegacyIM L(p,d)
X
IM LR F D(f, d) = IM LR F I(f, i) (396)
i∈I(d)

IMLR F D(f, d) $ F D 4.28A.1 Intermittent Load Refunds for Facility (396)
f in Trading Day d
IMLR F I(f, i) $ F I Intermittent Load Refunds for Facility (373)
96
d
4.9 Market Participant Fees

Fees are split into the following parts:
• Market Fees
• Regulator Fees
• Coordinator Fees
The corresponding payment made to AEMO, the ERA and the Coordinator are included in a separate chapter titled
Service Fees.
M P F SA P D(p, d) = −(M P M F SA P D(p, d) + M P RF SA P D(p, d) + M P CF SA P D(p, d)) (397)

MPFSA P D(p, d) $ P D 9.12.2 Market Participant Fee Settlement (397)
Amount charged to participant p for
Trading Day d
MPMFSA P D(p, d) $ P D 9.12.3 Market Participant Market Fees settle- (398)
ment amount charged to participant p
for Trading Day d
MPRFSA P D(p, d) $ P D 9.12.4 Market Participant Regulator Fees set- (401)
tlement amount charged to participant
p for Trading Day d
MPCFSA P D(p, d) $ P D 9.12.4A Market Participant Coordinator Fees (402)
settlement amount charged to partici-
4.9.1 Market Fees
M P M F SA P D(p, d) = M F RAT E G F Y (d) × P C P D(p, d) (398)

for Trading Day d
PC P D(p, d) MWh P D 9.12.5 Participant Contribution for partici- (399)
MFRATE G FY(fy) $/MWh G FY 2.24.2 Market Fee rate applicable in Financial I
Year fy
4.9.2 Participant Contribution
X
P C P D(p, d) = P C P I(p, i) (399)
i∈I(d)
X
P C P I(p, i) = ABSN DL P I(p, i) + |M S F I(f, i)| (400)
f ∈REG F (p,i)
97
PC P I(p, i) MWh P I Metered Load for participant p in Trad- (400)
ing Interval i
terval i
2.30B.11
Day d
d
4.9.3 Regulator Fees
M P RF SA P D(p, d) = RF RAT E G F Y (d) × P C P D(p, d) (401)

p for Trading Day d
RFRATE G FY(fy) $/MWh G FY 2.24.2 Regulator Fee rate applicable in Finan- I
cial Year fy
4.9.4 Coordinator Fees
M P CF SA P D(p, d) = CF RAT E G F Y (d) × P C P D(p, d) (402)

CFRATE G FY(fy) $/MWh G FY 2.24.2 Coordinator Fee rate applicable in Fi- I
nancial Year fy
4.10 Service Fees

Fees are split into the following parts:
• Market Fees
• Regulator Fees
• Coordinator Fees
The corresponding charges to Market Participants are included in a separate section titled Market Participant Fees.
98
4.10.1 Market Fee Payments
 X

 M P M F SA P D(p, d) for p ∈ AEM O(i)
SF M F SA P D(p, d) = p∈P (d) (403)

0 for p ∈
/ AEM O(i)


SFMFSA P D(p, d) $ P D 9.13.2 Service Fee Settlement Amount paid to (403)
AEMO for Trading Day d
for Trading Day d
AEMO(d) {} G D 11 Set containing the AEMO (9)
Day d
4.10.2 Regulator Fee Payments

 X

 M P RF SA P D(p, d) for p ∈ ERA(i)
SF RF SA P D(p, d) = p∈P (d) (404)

0 for p ∈
/ ERA(i)


SFRFSA P D(p, d) $ P D 9.13.3 Service Fee Settlement Amount paid to (404)
the ERA for Trading Day d
p for Trading Day d
ERA(d) {} G D 11 Set containing the ERA (5)
Day d
4.10.3 Coordinator Fee Payments

 X

 M P CF SA P D(p, d) for p ∈ COORDIN AT OR(i)
SF CF SA P D(p, d) = p∈P (d) (405)

0 for p ∈
/ COORDIN AT OR(i)


SFCFSA P D(p, d) $ P D 9.13.4 Service Fee Settlement Amount paid to (405)
the Coordinator for Trading Day d
COORDINATOR(d) {} G D 11 Set containing the Coordinator (4)
Day d
4.11 Default Levy Adjustment

By the end of the second month following the end of a Financial Year, AEMO must re-allocate any Default Levies
raised during that Financial Year.
Default Levy Adjustment is split into two parts:
99
• Payment to a Participant for re-allocation of Default Levies raised during the most recently ended Financial
Year.
• Charge to a Participant for re-allocation of Default Levies raised during the most recently ended Financial Year.
DLASA P D(p, d) = DLAP P D(p, d) − DLAC P D(p, d) (406)
max(0, DLA P W (p, w))

DLAP P D(p, d) = (407)
7
−min(0, DLA P W (p, w))

DLAC P D(p, d) = (408)
7

DLASA P D(p, d) $ P D 9.20.11(e) Default Levy Adjustment settlement (406)
Day d
DLAP P D(p, d) $ P D 9.20.11(e) The amount participant p is paid in (407)
Trading Day d for re-allocation of De-
fault Levies raised during the most re-
cently ended Financial Year
DLAC P D(p, d) $ P D 9.20.11(e) The amount participant p is charged in (408)
Trading Day d for re-allocation of De-
fault Levies raised during the most re-
cently ended Financial Year
DLA P W(p, w) $ P W0 The Default Levy adjustment (includ- I
ing GST) to put participant p in the po-
sition it would have been in had it paid
the amount determined under clause
9.20.11(b) instead of the amounts actu-
ally paid under clause 9.20.8 applicable
in Trading Week w
4.12 GST
GST is charged for the provision of eligible goods and services. The Variable Categorisation section outlines which
statement summary variables (of Trading Day granularity) have GST applied and which are exempt. The interval-
equivalent variables are identified in the sets used in the equations below.
GST P D(p, d) = GST P P D(p, d) − GST C P D(p, d) (409)
X
GST P P D(p, d) = GST G D(d) × v(p, d) (410)
v∈P GST (d)
X
GST C P D(p, d) = GST G D(d) × v(p, d) (411)
v∈CGST (d)

GST P D(p, d) $ P D Net GST paid/charged to participant p (409)
for Trading Day d
GSTP P D(p, d) $ P D 9.1.3 GST paid to participant p in Trading (410)
Day d
GSTC P D(p, d) $ P D 9.1.3 GST charged to participant p in Trad- (411)
ing Day d
100
GST G D(d) G D GST rate for Trading Day d I
PGST(d) {} G D Set of all variables which are payments I
to which GST applies in Trading Day d
CGST(d) {} G D Set of all variables which are charges to I
which GST applies in Trading Day d
d
4.13 Interest
Interest is paid/charged in the WEM for two reasons:
• Interest paid/charged as part of the Adjustment Process [MR 9.1.3]
• Interest paid on security deposits [MR 2.38.5, 4.13.6, 4.13.14, 4.13A.13, and 4.13A.19]
The payment of interest on security deposits is handled separate to that outlined in this formulation.
N ET IN T P D(p, d) = IN T P P D(p, d) − IN T C P D(p, d) (412)
IN T P P D(p, d) = max(0, IN T P D(p, d)) (413)
IN T C P D(p, d) = −min(0, IN T P D(p, d)) (414)
IN T P D(p, d) = IN T 1 P D(p, d) + IN T 2 P D(p, d) + IN T 3 P D(p, d) (415)
(N OIN T P D(p, d) − N OIN T 0 P D(p, d)) for Adj1N U LLF lag G W (d) = 1



and Adj0N U LLF lag G W (d) = 0





BBR G D(j)

 X
×




 365
j∈IN T DAY S1(d)

IN T 1 P D(p, d) = (416)







 (N OIN T 1 P D(p, d) − N OIN T 0 P D(p, d)) otherwise


 X BBR G D(j)
×


365


j∈IN T DAY S1(d)








BBR G D(j)

 X
×




 365
j∈IN T DAY S2(d)

IN T 2 P D(p, d) = (417)




(N OIN T 2 P D(p, d) − N OIN T 1 P D(p, d))

 otherwise



 X BBR G D(j)
×


365

j∈IN T DAY S2(d)








BBR G D(j)

 X
×




 365
j∈IN T DAY S3(d)

IN T 3 P D(p, d) = (418)







 (N OIN T 3 P D(p, d) − N OIN T 2 P D(p, d)) otherwise



×
 X BBR G D(j)
365


j∈IN T DAY S3(d)
101
NETINT P D(p, d) $ P D Net interest paid/charged to partici- (412)
INTP P D(p, d) $ P D Total interest paid to participant p for (413)
Trading Day d
INTC P D(p, d) $ P D Total interest charged to participant p (414)
for Trading Day d
INT P D(p, d) $ P D Total interest paid/charged to partici- (415)
INT1 P D(p, d) $ P D Interest accrued due to variations be- (416)
tween the adjustment 1 Settlement
Statement and the initial Settlement
Statement for participant p for Trading
Day d
Statement and the adjustment 1 Set-
tlement Statement for participant p for
Trading Day d
Statement and the adjustment 2 Set-
tlement Statement for participant p for
Trading Day d
BBR G D(d) G D Annual Bank Bill Rate applicable to I
Trading Day d
NOINT P D(p, d) $ P D Total settlement amount (including (63)
p in Trading Day d
NOINT0 P D(p, d) $ P D Total settlement amount for (including I
p in Trading Day d as published in ini-
tial Non-STEM Settlement Statement
p in Trading Day d as published in ad-
justment 1 Settlement Statement
tlement day associated with the orig-
inal Settlement Statement up to (but
excluding) settlement day for adjust-
ment 1 Settlement Statement for Trad-
ing Week w
ing Week w
102
ing Week w
Adj0NULLFlag G W(w) Flag G W0 Flag that is 1 when settlement amounts I
(as published in the initial Settlement
Statements) are unavailable for Trading
Week w, and 0 otherwise
(as published in adjustment 1 Settle-
ment Statements) are unavailable for
Trading Week w, and 0 otherwise
4.14 Estimation
Prudential calculations require the estimation of exposure before all inputs are known.
When estimating settlement data for prudentials, AEMO does not modify settlement equations, but instead estimates
inputs which are not known at the time of calculation. This section details the methodology for estimating non-
metering settlement inputs (refer to Section 3.3 for the methodology for estimating metering inputs).
When undertaking a settlement run, no inputs are estimated, as required under the rules.

M AXT EM P F D(f, d)
 if EST IM AT ION F lag G W (d) = 0
estM AXT EM P F D(f, d) = or T EM P N ullF lag G D(d) = 0 (419)

25°C otherwise


IRCR0 P M (p, m)
estIRCR0 P M (p, m) = or IRCR0N ullF lag G M (m) = 0 (420)

IRCRindicative P M (p, m) otherwise


RCOQ F I(f, i)
estRCOQ F I(f, i) = or RCOQF IN ullF lag F D(i) = 0 (421)

ST EM RCOQ F I(f, i) otherwise


RCOQ SCC DI(scc, di)
estRCOQ SCC DI(scc, di) = or RCOQSCCDIN ullF lag SCC D(di) = 0

ST EM RCOQ SCC DI(scc, di) otherwise

(422)

RCOQ F DI(f, di)
estRCOQ F DI(f, di) = or RCOQF DIN ullF lag F D(di) = 0 (423)

ST EM RCOQ F DI(f, di) otherwise

103
estMAXTEMP F D(f, d) °C F D Daily maximum temperature (includ- (419)
ing estimation) of the Energy Produc-
ing System associated with Facility f for
Trading Day d
estIRCR0 P M(p, m) MW P M Individual Reserve Capacity Require- (420)
ment (prior to any adjustments) (in-
cluding estimation) for participant p for
Trading Month m
Trading Interval i
estRCOQ SCC DI(scc, MW SCC DI Reserve Capacity Obligation Quantity (422)
di) (including estimation) for Separately
Certified Component scc in Dispatch
Interval di
estRCOQ F DI(f, di) MW F DI Reserve Capacity Obligation Quantity (423)
(including estimation) for Facility f in
ESTIMATIONFlag G W(w) Flag G W0 Flag that is 1 when estimation is per- I
mitted for Trading Week w, and 0 oth-
erwise
IRCR0 P M(p, m) MW P M 4.28.7 Individual Reserve Capacity Require- I
ment (prior to any adjustments) for
participant p for Trading Month m
IRCRindicative P M(p, MW P M 4.28.6 Indicative Individual Reserve Capacity I
m) Requirement for participant p for Trad-
ing Month m
IRCR0NullFlag G M(m) Flag G M Flag that is 1 when the Individual Re- I
serve Capacity Requirements have not
been published for Trading Month m,
and 0 otherwise
MAXTEMP F D(f, d) °C F D 2.30B.3(b)ii Daily maximum temperature of the En- I
ergy Producing System associated with
Facility f for Trading Day d
RCOQ F I(f, i) MW F I 11 Reserve Capacity Obligation Quantity I
of Facility f in Trading Interval i
RCOQFINullFlag F D(d) Flag F D Flag that is 1 when the RCOQ F I val- I
ues for Facility f are unavailable for
Trading Day d, and 0 otherwise
RCOQ SCC DI(scc, di) MW SCC DI Reserve Capacity Obligation Quantity I
for Separately Certified Component scc
RCOQSCCDINullFlag SCC D(d) Flag SCC D Flag that is 1 when the RCOQ SCC DI I
values for Separately Certified Compo-
nent scc are unavailable for Trading
Day d, and 0 otherwise
RCOQ F DI(f, di) MW F DI Reserve Capacity Obligation Quantity I
of Facility f in Dispatch Interval di
RCOQFDINullFlag F D(d) Flag F D Flag that is 1 when the RCOQ F DI I
values for Facility f are unavailable for
Trading Day d, and 0 otherwise
STEMRCOQ F I(f, i) MW F I STEM Reserve Capacity Obligation I
Submission Cutoff for Facility f in Trad-
ing Interval i
STEMRCOQ SCC DI(scc, MW SCC DI STEM Reserve Capacity Obligation I
di) Quantity at the time of the Bilateral
Submission Cutoff for Separately Certi-
fied Component scc in Dispatch Interval
di
104
STEMRCOQ F DI(f, di) MW F DI STEM Reserve Capacity Obligation I
Submission Cutoff for Facility f in Dis-
patch Interval di
TEMPNullFlag G D(d) Flag G D Flag that is 1 when the daily maximum I
temperatures are unavailable for Trad-
ing Day d, and 0 otherwise
105
5 Payments and Charges
Payments refer to amounts that are paid by AEMO to the participant and charges refer to amounts that are paid by
the participant to AEMO. Each of these amounts may change between positive and negative values as a result of the
Adjustment Process.
5.1 Variable Categorisation

The table below outlines the variables that are payments (’P’) or charges (’C’), whether GST is applicable (’Y’ or
’N’), and the description of the line item as it appears on the Invoice.
Variable P/C GST Rule Ref Invoice line item description

STEMSAS P D(p, d) P Y 9.7 (66) Payment for STEM energy sold
STEMSAD P D(p, d) C Y 9.7 (67) Charge for STEM energy purchased
ETSA P D(p, d) P Y (73) Payment for Real-Time Market energy sold
ETDA P D(p, d) C Y (74) Charge for Real-Time Market energy purchased
EUP P D(p, d) P Y (81) Payment for Energy Uplift Payments
EUR P D(p, d) C Y (89) Charge for Energy Uplift Payments
OCP P D(p, d) P Y 9.11.3 (96) Payment for Outage Compensation
OCR P D(p, d) C Y 9.11.6 (98) Charge for Outage Compensation
MPDA P D(p, d) P Y 9.11A.4 (102) Payment for Market Participant Deficit Amount
MPEA P D(p, d) C Y 9.11A.5 (106) Charge for Market Participant Excess Amount
MSEArebate P D(p, d) P Y 9.11A.9 (103) Payment for market suspension excess amount
MSDAcharge P D(p, d) C Y 9.11A.6 (107) Charge for market suspension deficit amount
CRpayment P D(p, d) P Y 9.10.4 (113) Payment for Contingency Reserve Raise
CLpayment P D(p, d) P Y 9.10.8 (175) Charge for Contingency Reserve Raise
RoCoFpayment P D(p, d) P Y 9.10.12 (188) Payment for RoCoF Control Service
RRpayment P D(p, d) P Y (224) Payment for Regulation Raise
RLpayment P D(p, d) P Y (240) Payment for Regulation Lower
SRSpayment P D(p, d) P Y 9.10.25 (253) Payment for System Restart Service
NCESSpayment P D(p, d) P Y 9.10.27A (261) Payment for NCESS
FCESSUpayment P D(p,d) P Y 9.10.27E (264) Payment for FCESS Uplift Payments
CRcharge P D(p, d) C Y 9.10.29 (136) Charge for Contingency Reserve Raise
CLcharge P D(p, d) C Y 9.10.31 (183) Charge for Contingency Reserve Lower
RoCoFcharge P D(p, d) C Y 9.10.33 (196) Charge for RoCoF Control Service
RRcharge P D(p, d) C Y (232) Charge for Regulation Raise
RLcharge P D(p, d) C Y (248) Charge for Regulation Lower
SRScharge P D(p, d) C Y 9.10.40 (255) Charge for System Restart Service
NCESScharge P D(p, d) C Y 9.10.44 (261) Charge for NCESS
CCSA P D(p, d) P Y 9.8.3(b) (293) Payment for non-allocated Capacity Credits
IMLR P D(p, d) C Y 4.29.3(dA) (395) Charge for Intermittent Load Refunds
SUPCAPSA P D(p, d) P Y 9.8.3(d) I Payment for Supplementary Capacity Contracts
CCR P D(p, d) C Y 4.6.2E (326) Charge for Capacity Cost Refund
CCAOASA P D(p, d) P Y 9.8.3(f) (296) Payment for Capacity Credit Allocation over-allocation
TRCC P D(p, d) C Y 9.8.4(a) (300) Charge for Targeted Reserve Capacity Cost
SRCC P D(p, d) C Y 9.8.4(b) (315) Charge for Shared Reserve Capacity Cost
MPMFSA P D(p, d) C N 9.12.3 (398) Charge for Market Participant Market Fees
MPRFSA P D(p, d) C N 9.12.4 (401) Charge for Market Participant Regulator Fees
MPCFSA P D(p, d) C N 9.12.4A (402) Charge for Market Participant Coordinator Fees
SFMFSA P D(p, d) P N 9.13.2 (403) Payment for Service Fee Market Fees
SFRFSA P D(p, d) P N 9.13.3 (404) Payment for Service Fee Regulator Fees
SFCFSA P D(p, d) P N 9.13.4 (405) Payment for Service Fee Coordinator Fees
DLAP P D(p, d) P N 9.20.11(e) (407) Payment for reallocation of Default Levies
DLAC P D(p, d) C N 9.20.11(e) (408) Charge for reallocation of Default Levies
GSTP P D(p, d) P N 9.1.3 (410) Payment for GST
GSTC P D(p, d) C N 9.1.3 (411) Charge for GST
INTP P D(p, d) P N (413) Payment for Interest
INTC P D(p, d) C N (414) Charge for Interest
106
5.2 Zero Sum Groups
The table below assists in understanding how the payments and charges are related. The only non-zero sum component
within the settlement summary variables is when AEMO is required to draw down on Reserve Capacity security or
DSP Reserve Capacity Security, which are represented by RCSD G D(d) and DSP RCSD G D(d), respectively
Category Payments = Charges

STEM STEMSAS G D(d) = STEMSAD G D(d)
Energy ETSA G D(d) = ETDA G D(d)
Energy Uplifts EUP G D(d) = EUR G D(d)
Changed Outage Compensation OCP G D(d) = OCR G D(d)
Market Suspension Excess MSEArebate G D(d) = MPEA G D(d)
Market Suspension Deficit MPDA G D(d) = MSDAcharge G D(d)
Essential System Services CRpayment G D(d) + = CRcharge G D(d) +
CLpayment G D(d) + CLcharge G D(d) +
RRpayment G D(d) + RRcharge G D(d) +
RLpayment G D(d) + RLcharge G D(d) +
RoCoFpayment G D(d) + RoCoFcharge G D(d) +
SRSpayment G D(d) + SRScharge G D(d) +
NCESSpayment G D(d) + NCESScharge G D(d)
FCESSUpayment G D(d)
Reserve Capacity CCSA G D(d) + = TRCC G D(d) +
CCAOASA G D(d) + SRCC G D(d) +
SUPCAPSA G D(d) IMLR G D(d) +
RCSD G D(d) +
DSPRCSD G D(d) +
CCR G D(d)
Market Fees SFMFSA G D(d) = MPMFSA G D(d)
Regulator Fees SFRFSA G D(d) = MPRFSA G D(d)
Coordinator Fees SFCFSA G D(d) = MPCFSA G D(d)
Default Levy Adjustments DLAP G D(d) = DLAC G D(d)
GST GSTP G D(d) = GSTC G D(d)
Interest INTP G D(d) = INTC G D(d)
107
6 Settlements
Daily outputs from the common calculation engine may be aggregated by the participant to achieve the required
settlement outputs.
6.1 Weekly Settlement Amount

X
T OT AL P W (p, w) = T OT AL P D(p, d) (424)
d∈D(w)

TOTAL P W(p, w) $ P W0 Total settlement amount (including (424)
Trading Week w
Trading Day d
108
7 Prudentials
Trading Margin calculations are performed on a daily basis to manage prudential risk. An input to these equations
are the outputs of the settlement calculations documented in previous sections.
7.1 Trading Margin
T M P D(p, d) = T L P D(p, d) − OA P D(p, d) (425)
T L P D(p, d) = P F G D(d) × CREDSU P P D(p, d) (426)
P F G D(d) = 0.87 (427)
OA P D(p, d) = CEE P D(p, d) + IN P P D(p, d) − P P P D(p, d) (428)
X
CEE P D(p, d) = EE P D(p, j) (429)
j∈EXP DAY S(d)
EE P D(p, d) = −(T OT AL P D(p, d) − T OT ALprev P D(p, d)) (430)

TM P D(p, d) $ P D 2.41.1 Trading Margin for participant p for (425)
Trading Day d
TL P D(p, d) $ P D 2.39.1 Trading Limit for participant p for (426)
Trading Day d
CREDSUP P D(p, d) $ P D 2.38 Credit Support held by AEMO on be- I
half of participant p on Trading Day d
PF G D(d) G D 2.39.2 Prudential factor on Trading Day d (427)
OA P D(p, d) $ P D 2.40.1 Outstanding Amount for participant p (428)
on Trading Day d
INP P D(p, d) $ P D Amount of money participant p owes I
for which a Settlement Statement has
been issued, but payment has not been
made, as calculated on Trading Day d
PP P D(p, d) $ P D 2.40.1(c) Prepayments held by AEMO on behalf I
of participant p on Trading Day d
CEE P D(p, d) $ P D Cumulative Estimated exposure for (429)
participant p as calculated on Trading
Day d
EE P D(p, d) $ P D Estimated exposure for participant p (430)
relating to Trading Day d
TOTALprev P D(p, d) $ P D Total Settlement Statement amount I
(including GST and interest) for partic-
ipant p in Trading Day d from most re-
cently published Settlement Statement
for Trading Day d
Trading Day d
EXPDAYS(d) {} G D Set of Trading Days that have not yet I
had a Settlement Statement issued, up
to and including Trading Day d-1
109

WEM Metering Settlement and Prudential Calculations Formulation v060 Certified

Uploaded by

Copyright:

Available Formats

You might also like

WEM Metering Settlement and Prudential Calculations Formulation v060 Certified

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

WEM Metering Settlement and Prudential Calculations Formulation v060 Certified

Uploaded by

Copyright:

Available Formats

WEM Metering, Settlement & Prudential Calculations

Australian Energy Market Operator

Applicable Trading Days: 13 December 2023

Version Changes Author(s) Approver

2 Defined Terms, Sets and Associations 7

3 Metering Calculation Engine 17

5 Payments and Charges 106

Attribute Explanation Example

A similar hierarchy (and convention) is adopted for scopes as illustrated by Figure 2.

Figure 2: Scope hierarchy

2.1 Participant Sets

Variable Units SC GR Rule Description Ref

2.1.2 Sets of Rule Participant classes

P (d) = COORDIN AT OR(d) ∪ ERA(d) ∪ RP (d) (3)

COORDIN AT OR(d) = {COE} (4)

ERA(d) = {ERA} (5)

RP (d) = M P (d) ∪ N O(d) ∪ AEM O(d) (7)

M P (d) = W EM S P REG(d) ∩ W EM S M P (d) (8)

AEM O(d) = {IM OW A} (9)

N O(d) = W EM S P REG(d) ∩ W EM S N O(d) (10)

Variable Units SC GR Rule Description Ref

Variable Units SC GR Rule Description Ref

2.2.2 Sets of Facility Technology Types and Facility Classes

• distribution system (DX)

• Non-Intermittent Generating System (NIG)

• Interruptible Load (IRL)

indDSP (d) = W EM S F REG(d) ∩ RCM DSP (d) (12)

SF (d) = W EM S F REG(d) ∩ W EM S SF (d) (13)

indSF (d) = W EM S F REG(d) ∩ RCM SF (d) (14)

SSF (d) = W EM S F REG(d) ∩ W EM S SSF (d) (15)

indSSF (d) = W EM S F REG(d) ∩ RCM SSF (d) (16)

N SF (d) = W EM S F REG(d) ∩ W EM S N SF (d) (17)

indN SF (d) = W EM S F REG(d) ∩ RCM N SF (d) (18)

IRL(d) = W EM S F REG(d) ∩ W EM S IL(d) (19)

N DL W EM S(d) = W EM S F REG(d) ∩ W EM S N DL(d) (20)

N OT ION AL(d) = {N OT ION AL} (21)

N T W K(d) = W EM S F REG(d) ∩ W EM S N (d) (22)

Variable Units SC GR Rule Description Ref

2.2.3 Other Facility Sets

N DL(d) = N DL W EM S(d) ∪ N DL M T R(d) ∪ N OT ION AL(d) (24)

IM L(d) = (IRL(d) ∪ N DL W EM S(d)) ∩ W EM S IM (d) (26)

EG(d) = W EM S F REG(d) ∩ W EM S EG(d) (27)

Variable Units SC GR Rule Description Ref

2.3 Other Sets

Variable Units SC GR Rule Description Ref

Variable Units SC GR Rule Description Ref

Variable Units SC GR Rule Description Ref

Variable Units SC GR Rule Description Ref

Variable Units SC GR Rule Description Ref

Variable Units SC GR Rule Description Ref

Variable Units SC GR Rule Description Ref

Variable Units SC GR Rule Description Ref

Variable Units SC GR Rule Description Ref

2.4.1 Primary Associations

Association Child SC Parent SC Description

2.4.2 Additional Associations

Association Child SC Parent SC Description

Metered Schedules are calculated for: