(1) The Utility shall monitor and investigate the conduct of each market participant and the structure and performance of the wholesale electricity market including the conduct and activities that provide an indication of any of the following:

(a) a breach of the electricity market rules, 

(b) non-compliance with the market manual or the system operation manual;

(c) the inefficient application of the market rules; and 

(d) an observed design flaw in the structure of the wholesale electricity market.  

(2) The Utility shall evaluate market behaviour in the wholesale electricity market in a manner necessary for the fulfilment of the objectives under sub-regulation (1).