A review of over 78 submissions showed that only 6 companies or organisations are in favour of the ESB’s capacity market proposal 48 are opposed of which 34 are categorically opposed.
7 further organisations gave some qualified support to the idea of a capacity market whilst 15 organisations provided qualified opposition to a capacity mechanism generally.
Those that are IN Favour but Qualified are mostly advocating for expansion of gas investments and agenda.
There is general concerns about introducing a capacity market in Australia, mainly around risk to new investment, increase of wholesale prices, complexity, and implementation timeframes.
You can access the full summary of our analysis here: Nexa Advisory Summary of submissions- Capacity Mechanism