The Australian Competition and Consumer Commission has approved changes to the Victorian gas market rules that will enhance the security of the Victorian gas transmission system. The changes will mean that the Victorian Energy Networks Corporation (VENCorp) can call on all available sources of gas in an emergency situation.
These changes have the support of the Victorian gas industry, and should provide greater security to the transmission system, and hence greater certainty to the Victorian gas market.
VENCorp asked the ACCC to approve the changes on an interim basis. The ACCC has done so, and will also continue to assess the substantive merit of the proposals.