The IMO monitors other Rule Participants' compliance with the Market Rules, investigates potential breaches of the Market Rules and takes enforcement action where appropriate. Enforcement action can include applying to the Electricity Review Board (ERB) for fines or other orders.
The IMO's compliance with the Market Rules is audited once a year by the Market Auditor. The audit covers:
- the compliance of the IMO's internal procedures and business processes with the Market Rules;
- the IMO's compliance with the Market Rules and Market Procedures; and
- the IMO's market software systems and processes for software management.
The IMO also requires System Management to either demonstrate compliance with the Market Rules and Market Procedures or undergo an audit by the Market Auditor.
The Market Auditor's annual reports on compliance by the IMO, and by System Management, are available here.
Documents relating to the IMO's initial certification of software systems used in the Settlement of the Market are available here.
The IMO's six-monthly reports on enforcement action taken to the ERB are available here.