Settlement
AEMO settlement statement ingestion and reconciliation. PRELIM → FINAL → R1–R4 run tracking, true-up analysis, prudential deposit management, dispute workflow, and GL journal generation.
Back Office Overview
What Is the Back Office?
Section titled “What Is the Back Office?”The Back Office module handles post-trade processing, regulatory obligations, and operational reporting for NEM market participants. It covers the full lifecycle from trade settlement through to regulatory compliance, environmental obligation tracking, and network operations management.
Unlike the Front Office (market monitoring) and Middle Office (trading and risk), the Back Office is concerned with obligations — things that must be done accurately and on time to meet NEM Rules requirements.
Modules
Section titled “Modules”Compliance & Regulatory
NER obligations calendar, AER enforcement register monitoring, AEMC rule change tracker, AEMO procedures library. Automated compliance due date alerts.
Environmental & LGCs
Large-scale Generation Certificate (LGC) registry, Safeguard Mechanism reporting, carbon emissions tracking, emissions intensity benchmarks, and ACCU spot prices.
Network Operations
AEMO outage management system integration, active constraint sets, DER management, network asset registry, and planned outage scheduling.
Reporting
AI-generated daily market summary reports, dashboard snapshot exports, data quality report (pipeline health and data completeness), and regulatory submission packs.
Settlement Lifecycle
Section titled “Settlement Lifecycle”The NEM settlement process follows a defined sequence of runs:
| Run | Name | Timing | Description |
|---|---|---|---|
| PRELIM | Preliminary | T+2 business days | First estimate with provisional data |
| FINAL | Final | T+18 business days | Final settlement with all metering data |
| R1 | Revised Run 1 | T+3 months | First revision (metering corrections) |
| R2 | Revised Run 2 | T+6 months | Second revision |
| R3 | Revised Run 3 | T+9 months | Third revision |
| R4 | Revised Run 4 | T+12 months | Final revision (closes settlement) |
Energy Copilot ingests AEMO settlement statements for each run and automatically computes the true-up: how much did each run differ from the previous?
Compliance Areas
Section titled “Compliance Areas”The Back Office Compliance module tracks obligations across:
- Market (NEM Rules): offer compliance, rebid reason codes, market settlement payment timelines
- Retail: mandatory reporting to AER (retail performance data)
- Network: outage notifications, constraint compliance
- Environmental: RET compliance (LGC surrender), Safeguard Mechanism reporting
- Safety: ESV/DNSP electrical incident reporting (for DNSP participants)
Key Gold Tables
Section titled “Key Gold Tables”| Table | Description |
|---|---|
gold.settlement_statements | AEMO settlement statement by run and period |
gold.settlement_true_up | Difference between consecutive settlement runs |
gold.compliance_calendar | Upcoming regulatory deadlines |
gold.aer_enforcement | AER enforcement register |
gold.lgc_registry | LGC issuance and surrender records |
gold.emissions_factors | NEM emissions factors by fuel type |
gold.dnsp_outages | Planned and unplanned network outages |