The Economic Regulation Authority (ERA) in consultation with the Market Advisory Committee completed the Benchmark Reserve Capacity Price WEM Procedure Review. This is a review by the ERA, of the WEM Procedure used to determine the Benchmark Reserve Capacity Price (BRCP) under clause 4.16.9 of the Wholesale Electricity Market (WEM) Rules.
A BRCP WEM Procedure Review Working Group was established by the MAC to support the review.
The ERA provided administrative support and appointed the Chair of the BRCP WEM Procedure Review Working Group. At the 13 June 2024 MAC Meeting, the MAC agreed to disband this working group.
All Working Group papers are published on the ERA’s BRCP WEM Procedure Review Working Group Webpage.
