NEM Settlement Revisions Policy - SSC Consultation

Timeline

Key contact

Email: [email protected]

Matters under consultation

AEMO is implementing the Shortening the Settlement Cycle (SSC) reform following the Australian Energy Market Commission’s final determination, made on 12 December 2024. The change was made in response to GloBird Energy’s rule change request to shorten the settlement cycle.

The final rule shortens the National Electricity Market (NEM) settlement cycle to nine business days following the end of a billing period and introduces a new revision 20 business days following the end of the billing period.

The final rule will commence at the start of billing week 33 on 9 August 2026.

The NEM Settlement Revisions Policy is made under NER 3.15.19(e) for the purpose of issuing routine and special revised statements under NER 3.15.19 and is a relevant procedure for the purposes of NER 11.179.

AEMO has now completed its consultation on amendments to the NEM Settlement Revisions Policy in accordance with the expedited rules consultation procedure in NER 8.9.3. 

Scope

The focus of this consultation was proposed amendments to the NEM Settlement Revisions Policy to:

• Implement the National Electricity Amendment (Shortening the settlement cycle) Rule 2024 No. 22 (SSC Rule) by reflecting changes to terms and concepts in the National Electricity Rules (NER) under the SSC Rule.
• Improve the readability and clarity of the Policy.