Belgium-based guest author Gilles Chaspierre looks at two major occasions where the NEM was suspended. In 2016, when physics outran the market; and in 2022 when the market outran the physics. He reads the pair as one lesson about what spot prices cannot see.
The AEMC have confirmed that the MPC will rise to $23,200/MWh for the 2026–27 financial year — the second of three steps in the staged “rebuild” of the market cap's base rate.
The AEMC has published its draft 2026 Reliability Standard and Settings Review, setting out the Panel’s preliminary views on the future reliability standard and how the market should clear during minimum system load events.
A belated note that the AEMC published a draft report on their review of the (nearly 4 year old) WDRM initiative - and noting that submissions close today.
As the technologies underpinning the power system change, so too must the approach to supporting system restart.
With the start of the new financial year, today marks the first step in the AEMC’s staged reform of the Market Price Cap, with it rising to $20,300/MWh — the first of three scheduled increases through to 2028.
Submissions at the AEMC already closed over a week ago, with respect to their review of WDRM. Here's some starting thoughts ...
The AEMC has announced that the Market Price Cap will increase to $20,300/MWh from 1st July 2025. Should we be so surprised?
Another for your Xmas Reading List? This one from the AEMC, in publishing its Final Determination last Thursday 19th December 2024 for the ‘Integrating price-responsive resources into the NEM’.
After having had an extended break abroad, the coverage from last week's AEW event provided a unique opportunity to check back in with the energy market from an outsider's perspective.
A short note to mark the Reliability Panel's annual review of market performance which covers system reliability, security, and safety over the 2021-22 FY - which includes the June 2022 market suspension.
Tom Geiser of Neoen writes this think piece about cost-based modelling vs price-based modelling in the broader debate about transmission investment.
A short note about the AEMC's Transmission Planning and Investment Review - Stage 2 Final Report released last week, and submissions on Stage 3 Draft Report due this coming Thursday 3rd November.
On 4th July the AEMC published their second 'Notice of Receipt of Claims' with respect to compensation under the Administered Pricing period in June 2022.
A short article about the rule change proposed by Alinta Energy to raise the APC ... quite topical given Q2 2022.
Second (linked) article this evening, spelling out the two theories we're aware of with respect to why some participants might have withdrawn capacity from the NEMDE dispatch/pricing run in June 2022 - leading to the AEMO Suspending the Market.
Might be useful to some of our readers...
Catching up on recent developments, this AEMC Rule Determination (enabling AEMO to deal with 'indistinct events') caught my eye.
Same day as we released GenInsights21, the AEMO published its High Level Design on how they will implement the AEMC Rule Change determination on Integrating Energy Storage Systems (IESS) into the NEM. Here's the key dates.