Queensland Consolidated Acts

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NATIONAL ELECTRICITY (QUEENSLAND) LAW - SECT 18A

Definitions

18A Definitions

In this Division—

"effective competition" —see section 18B ;

"electricity contract" means an agreement, entered into by a Registered participant, however described and whether coming into existence before or after the commencement of this section, that relates to a wholesale electricity market and includes an agreement—

(a) to supply electricity; or
(b) to purchase electricity; or
(c) for the transmission, distribution or storage of electricity; or
(d) relating to fuel and other inputs used in the generation of electricity; or
(e) relating to emissions produced or avoided in the generation of electricity; or
(f) to supply a wholesale demand response service;

"financial risk management product" means a contract or other arrangement, entered into by a Registered participant, to manage financial risk including, without limitation, risks associated with the following:
(a) price volatility in a wholesale electricity market;
(b) volatility in supply and demand in a wholesale electricity market;
(c) volatility in the price of fuels and other inputs used in the generation of electricity;

"monitored market" means—
(a) a wholesale electricity market; and
(b) a market for financial risk management products; and
(c) a market prescribed by the Regulations;

"relevant agreement" means—
(a) an electricity contract; and
(b) a financial risk management product.



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