The proposed voluntary ‘Schedule Lite’ mechanism starts being deliberated at the AEMC

On Thursday 3rd August 2023 the AEMC has commenced the process of considering the AEMO’s proposed change – with information published on the Rule Change sub-site for ‘Integrating price-responsive resources into the NEM’:

On the AEMC’s sub-site, they include the AEMO’s rule change proposal for ‘Scheduled Lite’:

Most importantly, note that Submissions Close on Thursday 14th September 2023 (that’s 6 weeks away from today).

Not sure if there will be a briefing forum on this?

In the AEMO’s cover letter, they note that:

‘The Scheduled Lite mechanism would enable the integration of price-responsive distributed resources into market scheduling processes by establishing a voluntary and flexible participation framework. For consumers, this will translate into innovation and enhanced competition in consumer service offerings, delivering supplementary revenue streams beyond existing feed-in-tariffs and off-market retail demand response offerings. For the broader system, the proposal will provide critical visibility and dispatchability services required to address complex and emerging power system challenges, avoiding the need for increasing reliance on intervention to manage system security and reliability; ultimately lowering costs to all consumers.

More broadly, the proposal seeks to harness the potential capabilities of price-responsive distributed resources, thereby facilitating the optimal allocation of resources to meet the demand for energy services over time, whilst ensuring that Australia’s energy system remains secure and reliable.’

An interesting sales pitch.