• Wholesale Electricity Market reform work program

    The Public Utilities Office is undertaking a comprehensive work program to improve the operation of the Wholesale Electricity Market to:

    • Enable efficient dispatch of energy and ancillary services, to deliver least cost electricity to customers.
    • Ensure system security and reliability arrangements are able to accommodate an increasing penetration of renewable energy generators and changes to the profile of electricity consumption.
    • Facilitate a more responsive capacity pricing regime, delivering clear signals for the efficient entry and exit of capacity to the market.
      • The Public Utilities Office has published a Final Recommendations Report outlining its recommended reforms to achieve a more responsive pricing of capacity resources.
    • Ensure an effective market power mitigation regime, limiting the potential for distortion of market outcomes to the detriment of electricity consumers.

    The Australian Energy Market Operator is an integral participant to the work program and is leading the more technical and operational aspects of the reforms. An overview of the work program is available below:

    Wholesale Electricity Market reform coordination committee

    The work program is being overseen by a Wholesale Electricity Market reform coordination committee, established by the Public Utilities Office and comprised of the Executive Director - Public Utilities Office, Chief Executive Officer and Managing Director - Australian Energy Market Operator, the Rule Change Panel Executive Officer and an Office of the Minister for Energy representative.

    Further information on the Committee Terms of Reference and stakeholder engagement arrangements is available here.

    Consultation

    Industry consultation on the reform program will occur through the:

    • Wholesale Electricity Market reform coordination committee;
    • Market Advisory Committee (administered by the Rule Change Panel) and associated working groups (to be established);
    • Australian Energy Market Operator Electricity Consultative Forum;
    • public release of design proposals and draft Market Rule amendments for written submissions; and
    • stakeholder meetings, forums and workshops as required.

    Industry Forum 

    An industry forum was held on 20 September 2018. 

    Contact for further information

    All enquiries on the Wholesale Electricity Market reform work program should be directed to Mr Aden Barker, Program Director, Wholesale Energy Markets, Public Utilities Office on (08) 6551 4692 or [email protected].

    Last reviewed: 7 March 2019

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