Bright and early this morning, we received an email announcing the release of an Options Paper relating to post 2025 market design for Australia’s National Electricity Market:
It seems that the term ‘NEM 2.0’ has fallen out of favour in more recent times – perhaps because of a more incremental approach to reform? I wonder about the extent to which what’s in the two documents that follow will provide us a market design that will be fit-for-purpose out to 2040 and beyond, given the many different challenges that the NEM is (already) increasingly grappling with.
The email linked to these 3 documents:
Key dates (as I understand them) are as follows:
Our intended release date for ‘GenInsights21‘ will be sometime in Q3 2021 (but, speaking realistically, not before the 31st July 2021 date below).
As we are pulling together this update to the GRC2018 we will be keeping in mind what our review of historical data about generation performance is revealing about these options for the future.
|~31st July 2021||
The email says:
“In around three months, the Energy Security Board (ESB) will be providing final recommendations for comprehensive reform of Australia’s energy markets to ministers on the Energy National Cabinet Reform Committee.”
… which would make it around 31st July 2021 when final recommendations would be made.
The options paper says this as:
“The ESB will continue to work with the Post-2025 project advisory groups, jurisdictions and other stakeholders to inform the detailed market design and evaluation of these options ahead of recommendations to Ministers in mid-2021.”
|Wed 9th June 2021||
Submissions are due – by email to email@example.com
Note that this due date (a key one?) was not featured in the email received this morning, nor in the Media Release … I had to first see it in various comments on social media before finally seeing it at pages 12 and 97 of the options paper.
|Tue 4th May 11:00-12:00
Fri 7th May 13:30-14:30
Two briefings by the ESB are being held next week as part of this project’s final stage.
|Fri 30th April 2021
ESB releases the options paper, and this article is published.
|5th Jan 2021||The ESB published ‘post 2025 market design directions paper’.
Must not have published an article on WattClarity about it, but have found the Directions Paper here.
|7th Sept 2020||The ESB released the ‘Post 2025 Market Design Consultation Paper’.|
|20th April 2020||
Paper 1 = ‘Moving to a two-sided market’
Paper 2 = ‘System services and ahead markets’
We’ll try to stay on top of how this unfolds.