Settlement residue committee

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

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

Approve any suspension, or removal of a suspension, imposed by AEMO on the conducting of auctions.
Approve proposed amendments to the auction rules developed by AEMO.
Monitor, review and report on the auctions conducted by AEMO under this clause 3.18.
Approve the costs and expenses incurred by AEMO in conducting auctions under this clause 3.18
and in entering into and administrating auction participation agreements and settlements residue distribution (SRD) agreements under this clause 3.18.

The clause says membership of the SRC will comprise:

An employee of AEMO, appointed by AEMO, who will act as chair of the committee.
A person representing Generators.
A person representing Market Customers.
A person representing Transmission Network Service Providers (TNSPs).
A person representing Traders.
A person appointed jointly by the relevant Ministers of the participating jurisdictions.
A person appointed by AEMC to represent end-use customers of electricity.

Group membership as at 4 September 2025 is:

Member	Name	Company
Generator	Panos Priftakis Regulation Manager - Trading	Snowy Hydro Ltd
Generator	Alternate: John Cooper	Hydro Tasmania
Jurisdiction	Vince Duffy Acting Director Electricity	SA Department for Energy and Mining
AEMO	Stephen Harrison Manager, Markets Transition	AEMO
AEMO	Alternate: Dimi Botha Manager, NEM Settlements	AEMO
Market Customer	Kyle Auret Senior Manager Policy and Regulation	AGL
Market Customer	Alternate: John Gourlay	Origin Energy
TNSP	Bill Jackson Pricing Manager	Electranet
TNSP	Alternate: David Conroy	TransGrid
Trader	Tim Widmer Senior Trader	Pacific Energy Trading
Trader	Alternate: Tom Waye	Pacific Energy Trading
End Use Customer	Andrew Wilkins Energy Lead	SA Water