Project
The STTM was a major cross-industry project to design, build and implement a new, unique, wholesale market in gas, as well as requiring changes to arrangements in the existing gas retail markets. It was complicated by the number of commercial and technical interfaces needed with pipelines, networks, and those retail markets.
The project included:
- design of the STTM;
- establishment of the market systems to operate the STTM;
- legislation;
- rules and procedures governing conduct in the STTM;
- changes to the retail gas market systems, rules and processes for the STTM; and
- establishment of the initial capability of AEMO to operate the STTM.
STTM Working Groups and Committees
A number of working groups and committees were formed with industry to assist the Establishment Project develop the STTM. These Working Groups and Committees have concluded, and now business is conducted through the STTM Consultative Forum.
Governance
The principal governing body for the STTM Establishment Project is the AEMO Board. AEMO is also the Project Manager and Implementing Body for the STTM and reports to the MCE.
Market Design
This document formed the basis of the initial design of the STTM. The detailed design then evolved and is now described in the various market publications on the STTM General Overview and Publications page.
STTM Training and Documentation
To assist participants with their preparations for the market trial which commenced in March 2010, a series of training courses were provided on a range of topics of the Short Term Trading Market.
Market Trial
The Market Trial was a full-scale, industry-wide, operational trial of STTM systems and processes. It was intended to give participants, and AEMO, an opportunity to bed-down their operations prior to market commencement, by excercising their own processes and systems, and cross-industry processes, without the financial consequences of normal market operation.
Market Readiness
The Market Readiness Workstream kept all stakeholders informed of the readiness of the market for live operation, and any risks that might impact its successful implementation.
For access to historical STTM Establishment Project documentation please contact the AEMO Information Centre
