11 Feb 2021
Submissions Due: 11th February, 2021
The Australian Energy Market Commission (AEMC) have just opened a new consultation on a rule to strengthen the power system against extreme events.
Click here to view the consultation paper.
In the face of increasing threats to the power system from major storms, heatwaves, fires or cyberattack and the rapidly changing makeup of the grid, the Council of Australian Governments (COAG) Energy Council submitted a rule change to help the Australian Energy Market Operator (AEMO) better prepare for such threats.
The new rule is intended to introduce a new framework, called the protected operation framework, to manage these ‘indistinct events’. The two types of protected operation include pre-defined protection operation and ad-hoc protected operation.
The AEMC will work closely with the Energy Security Board (ESB) as there are several interactions with the ESB’s Post-2025 market design.
Submissions to the consultation paper are due on the 11th February 2021 with the draft determination expected to be published by the 22 April 2021 before submission on the draft rule would be due on the 3rd June 2021 for the publishing of the final rule on the 15th July 2021.
Create a Policy Strategy with Nexa Advisory
The AEMC is seeking stakeholder input and engagement on the consultation paper into the strength of the power system against extreme events. The reforms will impact a range of interests across the market. A pro-active first step for market participants is to develop a policy position to understand how this market reform may impact your organisation.
Contact Nexa Advisory about what these changes and reviews might mean for your business and help you create and implement policies that shape the energy system and position you for success.
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