🇦🇺Australia

STTM Deviation Settlement Imbalances

1 verified sources

Definition

Short Term Trading Market (STTM) requires settlement of deviations, with imbalances funded through charges, causing financial drag from poor visibility into nomination accuracy.

Key Findings

  • Financial Impact: AUD 100,000+ per month in settlement shortfall charges
  • Frequency: Monthly
  • Root Cause: Lack of data visibility on flow nominations, bad allocation decisions

Why This Matters

The Pitch: Gas market participants in Australia face AUD 200,000+ monthly in STTM shortfall funding. Automation of deviation tracking improves purchasing decisions and reduces settlement risks.

Affected Stakeholders

Gas Shippers, Market Participants

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Financial Impact

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Current Workarounds

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

Imbalance Settlement Shortfall Charges

AUD 50,000+ per settlement period in shortfall charges (administered penalty price applied to imbalances)

Gas Balancing Disputes and Lost Production

2-5% annual revenue loss from idle equipment and lost sales (equivalent to AUD 1M+ for mid-sized fields)

Environmental Protection Licence Non-Compliance Fines

AUD 50,000+ fines per breach (typical range for EP Act violations); 20-40 hours/month manual monitoring

NOPSEMA Environment Plan Approval Delays

AUD 100,000+ per month idle rig costs (industry standard for approval delays)

EIS and Site-Specific EA Application Costs

AUD 500,000+ per EIS application (typical for large gas fields); 6-12 months preparation time

ATO GST Reporting Penalties for NGL Fractionation

AUD 545 base penalty per late BAS + 5% p.a. GIC; typical AUD 5,000-20,000/year for SMEs with manual processes

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