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Fees and Charges

Registration Fees

Under the Market Rules, fees are charged for registration of Participants and Facilities. The fees for registration (and other sundry matters) can be found here.

Information to be released on application

Under Market Rule 10.4, the IMO may charge a fee for provision of information, where that information is requested from the IMO.

Upon receiving a request for information under this Market Rule, the IMO will advise the relevant Participant of the fee for this service based on an estimate of the time required and an hourly charge.

Market Fees for 2011/12

The IMO is required to charge Market Fees in accordance with clause 2.24 of the Market Rules to recover the costs of:

  • the IMO;
  • System Management's wholesale market related functions; and
  • Economic Regulatory Authority's wholesale market related functions.

The Market Fee rate for 2011/12 has been set at $0.556/MWh.

This fee will apply to all energy, including that sold/bought under bilateral contracts, from 1 July 2011.

In accordance with clause 9.13.1 of the Market Rules, the fee rate is based on spreading the total required revenue over both the total generation and the total consumption of electricity in the market.

There are two main variables in setting Market Fees. These are:

  • Target Revenue (or budget) which needs to be set to adequately cater for the costs of the IMO, System Management and the ERA; and
  • Forecast energy supply/consumption.

Revenue to be Recovered through Market Fees for 2011/12

The total revenue to be recovered through Market Fees is as follows:

Total Revenue 2011/12(000)
IMO Revenue Requirement12,547
SM Revenue Requirement7,489
ERA Revenue Requirement1,294
Total Revenue to be Recovered through Market Fees21,330

IMO 2011/12 Budget

Prior to 30 April 2011, the IMO submitted to the Minister its budget proposal for 2011/12 as part of its Operational Plan.

The 2011/12 budget was consistent with the Allowable Revenue approved by the ERA.

A revenue target of $12.547 million has been approved to be recovered from Market Participants through Market Fees during 2011/12.

The breakdown of this budget into Market Operation, System Planning and Market Administration must be published with the publication of the Market Fee rate. This is as follows:

Revenue Requirement 2011/12(000)
Market Operation7,829
Market Administration2,509
System Planning2,209
TOTAL REVENUE REQUIREMENT12,547

System Management 2011/12 Budget

System Management's budget for 2011/12 of $7.489 million, which is consistent with the Allowable Revenue approved by the ERA, is to be recovered from Market Participant fees.

ERA 2011/12 Budget

The ERA Wholesale Electricity Market related costs of $1.294 million, as approved by the Government, are to be recovered from Market Participant fees.

Breakdown of Market Fees for 2011/12

The Market Fee rate is structured in three parts to provide transparency of fee rates related to the IMO, System Management and the ERA.

Spreading the total revenue requirement over the projected energy supply and consumption of 38,370 GWh in 2011/12 produces the following fee rates:

Fee TypeFee Rate $/MWh
IMO Fee Rate*0.327
System Management Fee Rate0.195
Economic Regulation Authority Fee Rate0.034
Total Market Fee Rate0.556

* The IMO fee rate is influenced by the impact of the Market Evolution Program fee rate of $0.033/MWh, in line with expectations.

This document is published in accordance with  Market Rule 10.5.1 (u).