The ACCC has released a consultation paper inviting submissions on the proposed variation to the 2011 Hunter Valley Coal Network Access Undertaking, submitted by ARTC on 23 December 2020.
The proposed variation seeks to extend the Undertaking by five years, to 31 December 2026. Upon commencement, the proposed variation seeks to be treated as having taken effect as of 1 July 2021, six months prior to the current expiration date of 31 December 2021. The proposed variation seeks to change a number of provisions in the Undertaking that will result in lower prices for Access Holders.
The ACCC's consultation paper outlines a number of questions the ACCC seeks feedback on from stakeholders. These questions do not represent a comprehensive summary of all aspects of the proposed variation. Stakeholders may provide feedback on any element of the proposed variation.
The ACCC encourages all stakeholders to provide a written submission on the proposed variation. Stakeholder submissions are due by Wednesday, 24 February 2021.