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 Lee first started at Global-Roam in June 2013. He has departed (and returned) for a couple of stints overseas in that time, but rejoined our team permanently in late 2019.
More recently, Dan's focus has been on growing his understanding of the market and developing his analytical capabilities. He is currently enrolled in the Master of Sustainable Energy program at the University of Queensland.
A brief note to inform readers that the AEMC is fast-tracking consideration of the AER’s Proposed Rule Change on Semi-Scheduled assets … but also to reinforce our view that the challenge is MUCH broader than is being addressed here.
An AEMO market notice published just now has alerted that Adminsited Pricing has been declared for FCAS in SA after the Cumulative Price Threshold for the Lower Reg commodity was hit.
Some quick thoughts (before I run out of time) about why it’s all-too-commonly (but mistakenly) stated that there’s not much Demand Response in the NEM
It’s not a surprise to me to see that someone (the AER in this case) has released an Issues Paper canvassing options for changing the way Semi-Scheduled generators interact with the dispatch process. Not a surprise, as our prior analysis suggests the current approach is not sustainable or scalable.
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