On 30 March 2023, the Reliability Panel commenced a review of the form of the Reliability Standard and Administered Price Cap (APC). This was recommended in the 2022 Reliability Standards and Settings Review which suggested the current forms of the Reliability Standard and APC may no longer adequately reflect the changing risk profile from a higher portion of variable renewable energy in the NEM.
Issues paper
The AER made a submission to the issues paper on 11 April 2023.
Directions paper
The AEMC subsequently published a directions paper on 30 November 2023. The AER made a submission to the directions paper on 19 January 2024.
More information
More information can be found on the AEMC website.