The recommended changes to reserve capacity pricing and procurement have been implemented alongside other initiatives aimed at broader improvements to the Wholesale Electricity Market. These initiatives will necessitate the consideration of further enhancements to the Reserve Capacity Mechanism to ensure power supply security in the southwest of the State. These enhancements will be part of the Energy Transformation Strategy.
Final Report and Market Rule amendments
The Final Recommendations Report outlining the recommended reforms to the reserve capacity pricing arrangements is available below.
The Minister for Energy made amendments to the Wholesale Electricity Market Rules to implement the recommended reforms on 11 February 2020.
A Ministerial notice to commence the rule amendments was published in the Government Gazette on 21 February 2020. The endorsed rule amendments are available here.
Draft Recommendations Report
On 22 August 2018, a Draft Recommendations Report was published outlining proposed recommendations on potential reforms to the reserve capacity pricing arrangements. The Draft Recommendations Report and stakeholder submissions received in response are provided below.
Consultation Paper
On 9 April 2018, a consultation paper on alternative approaches to a capacity auction that could be used to achieve a more responsive pricing of capacity resources was published. The consultation paper and stakeholder submissions received in response are provided below.
