4 March 2021
The increasingly important electricity market contribution of demand-side resources like rooftop solar and battery storage, as well as the need for more “flexible” and responsive grid, have been flagged as key considerations in proposed changes to the standards and settings for a reliable power supply.
The Australian Energy Market Commission on Thursday published a Consultation Paper ahead of its 2022 review of the reliability standard and settings guidelines – the formula used to ensure an acceptable level of reliability in the national electricity market at the lowest possible cost.
The paper is seeking stakeholder views on a range of proposed changes to the current reliability settings guidelines, including key market signals that would put new generators and technologies on a more equal footing with market incumbents – namely coal and gas plants.