Capacity auctions
Events where surplus or additional capacity is made available through an auction process. Capacity auctions take place in the Victorian Wholesale Gas Market to enable end users to adjust their Average Maximum Daily Quantity levels. Capacity auctions are also used in the Western Australian Wholesale Electricity Market, where the Independent Market Operator purchases capacity to ensure that peak demand can be safely met. This occurs where those who purchase electricity have not secured sufficient capacity credits under all forecast circumstances.
