76:. It operated on a break-even basis by recovering the costs of operating the NEM and running the organisation by levying fees against market participants. The fees were complex, and comprised both fixed and variable components that took into account the type of participant and their share of trade in the market. The structure of fees payable to NEMMCO was determined periodically, while the actual fee levels were set annually.
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NEMMCO managed the market and power system from two control centres in different states. Both centres operated around the clock, and were equipped with identical communication and information technology systems. The entire NEM, or individual regions within it, could be operated from either or both
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were members of NEMMCO; and each nominated a director to the NEMMCO board.
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45:(NEM). It was the market operator for the NEM. The governments of
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National
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59:Victoria
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