At a special meeting on 7 October 2016, the COAG Energy Council agreed to an independent review of the national electricity market to take stock of its current security and reliability and to provide advice to governments on a coordinated, national reform blueprint. The review is being led by the Chief Scientist, Dr Alan Finkel AO.
Preliminary report
In December 2016, the preliminary report for the review was released, outlining the Review Panel’s observations about the current state of the National Electricity Market (NEM).
On 14 March 2017, the AER provided a response on the preliminary report. Our submission notes that the preliminary report has accurately identified the challenges that the NEM faces in delivering security and reliability going forward. Most notably, it highlights the challenges that a greater reliance on variable renewable energy brings and the types of services that may be required for the NEM to deliver security and reliability in future. Our submission highlights a range of reforms to current arrangements that will be required if we are to meet these challenges.
AER submission to Future Security of National Electricity Market Review - 14 March 2017
More information on the review can be found on the Department of Environment and Energy website.