AEPC_2025_11 - Declaration of Bilateral Trades

The consultation process

The consultation process is outlined below. Dates are indicative only and subject to change.

Procedure change proposal

Electricity System and Market Rules – Clause 2.10

Date of Notice: 07 July 2025

Matter under consultation

AEMO commenced the Procedure Change Process to propose the following amendments to the WEM Procedure: Declaration of Bilateral Trades:

• Several changes to align the Procedure with recent amendments to section 4.14 of the ESM Rules (introduced under Schedule 1 of the Wholesale Electricity Market Amendment (RCM Reviews Sequencing) Rules 2025 on 15 January 2025). 
• Minor updates throughout the Procedure to provide clarification around existing processes for Market Participants. 
• Clarifications to the Committed Status application process under Appendix B. 
• Updates throughout the Procedure to replace references to the WEM Rules and WEM Regulations with the ESM Rules and ESM Regulations.

On 6 February 2025 the SEO replaced the Wholesale Market Objectives under section 3A of the Electricity Industry Act 2004. Following an assessment, AEMO considers the proposed changes are consistent with the SEO. 

Invitation to make submissions

AEMO invited written submissions on this Procedure Change Proposal, including any alternative or additional proposals that may improve the Procedure or better meet the State Electricity Objective under section 3A of the Electricity Industry Act 2004.

AEMO requested that respondents identify any parts of their submission that they wished to remain confidential, explaining why. AEMO advised that it may still publish that information if it does not consider it to be confidential, but will consult with the respondent before doing so.

When making a claim for confidentiality, AEMO encouraged respondents to familiarise themselves with Chapter 10 of the Electricity System and Market Rules (ESM Rules), which imposes obligations in respect to the release of documents. 

Meetings

AEMO advised that, before the closing date for submissions, any person may request a meeting with AEMO to discuss the issues and proposed changes raised in the Procedure Change Proposal, stating why they consider a meeting is necessary or desirable.

If appropriate, meetings may be held jointly with other stakeholders.

Subject to confidentiality restrictions, AEMO will generally make details of matters discussed at a meeting available to other stakeholders, and may publish those details.

Closing date and time

AEMO advised that submissions in response to this Procedure Change Proposal should be sent by email to [email protected], to reach AEMO by 5.00 pm (AWST) on 04 August 2025.

All submissions must be in electronic format (pdf or Microsoft Word). Submissions should use the Procedure Change Submission form available on this page.

AEMO is not obliged to consider submissions received after the closing date and time. Any late submissions should explain the reason for delay and the detriment to you if AEMO does not consider your submission.

Publication

AEMO advised that all submissions will be published on AEMO’s website, and that confidential information will not be published, other than as specified above.