The rule change is officially labelled as ‘temporary’ and has an end date of June 30th, 2025. During this period, it is expected that longer-term changes to the APC and associated mechanisms will be considered by the AEMC’s Reliability Panel.
Dan is a Market Analyst, who joined Global-Roam in June 2013.
He departed (and returned) for a couple of brief stints overseas, before rejoining the team permanently in late 2019. Alongside his work at Global-Roam, he has undertaken short-term contract roles as an analyst and researcher in various areas of the energy sector. Dan graduated from the Master of Sustainable Energy program at the University of Queensland in 2024.
Some thoughts about the structure of FERC Order 745, and the arguments for & against setting it aside the in the US Court of Appeals – and the relevance for the Australian National Electricity Market
Following Saturday’s review of changed expectations for Callide Power Station and Yallourn Power Station, I took a look at aggregate expectation by fuel type. Here’s a belated article with the results.
Better late than never (perhaps?) today I post a few thoughts about the AEMC’s proposed draft rule change for the incorporation of NegaWatts into centralized dispatch.
2 Commentson "The Administered Price Cap has increased to $600/MWh as of today 1st December 2022"
Thanks for covering this Dan. Just noting that the Reliability Panel has completed the 2022 Reliability Standard and Settings Review and recommended an APC of $500/MWh for the period 1 July 2025 to 30 June 2028 (along with recommended changes to the MPC and CPT).
The Reliability Panel will now need to submit a rule change request to the AEMC in order to implement the recommended changes to the settings. The AEMC would consider any proposed changes through the usual rule change process, allowing further opportunities for stakeholder input and consultation.
Thanks for covering this Dan. Just noting that the Reliability Panel has completed the 2022 Reliability Standard and Settings Review and recommended an APC of $500/MWh for the period 1 July 2025 to 30 June 2028 (along with recommended changes to the MPC and CPT).
The Reliability Panel will now need to submit a rule change request to the AEMC in order to implement the recommended changes to the settings. The AEMC would consider any proposed changes through the usual rule change process, allowing further opportunities for stakeholder input and consultation.
Thanks for the additional information Ryan