15 January 2021
The Australian Energy Market Commission will fast-track an assessment of proposed new energy market rules that aim to identify emerging risks to electricity security risks requested by Australia’s energy ministers.
Federal, state and territory energy ministers requested the new electricity security rules, that would require regulators to undertake a general power system risk review (GPSRR), to identify emerging risks to system security.
Initiating the rule change request assessment on Thursday, the AEMC said the general power system risk review process would complement an existing ‘Power System Frequency Risk Review’ process that examines risks related to frequency control measures.