In November 2024, the Australian Government announced a review of the National Electricity Market Wholesale Market Settings. The review is being led by an independent expert panel and supported by the Department of Climate Change, Energy, the Environment and Water.
On 11 December 2024, the Initial Consultation paper was released, which the AER made a submission to on 20 February 2025. The submission highlights key findings from the latest AER Wholesale electricity market performance report 2024.