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The Market Rules govern the wholesale operations of the NEMS. The intent of the Market Rules is to ensure that there is a level playing field and that economic efficiency is the top priority.
All proposed modifications to the Market Rules are reviewed by the Rules Change Panel (RCP). The RCP then makes a recommendation to the EMC Board on whether to adopt the changes. Changes adopted by the EMC Board are finally submitted to the EMA for approval.
Members of the RCP possess a wide range of experience in the electricity and financial industries. The RCP welcomes and invites interested parties to propose changes to the Market Rules. The rule change process aims to ensure that there is a robust and relevant set of Market Rules in place at all times.