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Independent review into the future security of the National Electricity Market: blueprint for the future
The Blueprint for the Future delivers a plan to maintain security and reliability in the National Electricity Market (NEM) in light of the significant transition underway, including due to rapid technological change.
The blueprint sets out a vision for the future, with four key outcomes:
- Increased security
- Future reliability
- Rewarding consumers
- Lower emissions
The vision will be enabled by three key pillars:
- An orderly transition
- System planning
- Stronger governance
In preparing the blueprint, the Expert Panel consulted widely, visiting regulators and operators across Europe and the United States and commissioning a review of best practices from the International Energy Agency.
In Australia, the Expert Panel held public and private consultations in every region of the National Electricity Market, undertaking over 120 individual meetings and receiving over 390 written submissions.
The Expert Panel would like to express its sincere gratitude to all those who made the time and effort to attend public forums, attend meetings, prepare submissions and provide counsel. The insights provided were invaluable in developing the blueprint. The Expert Panel is confident that adopting the blueprint will ensure the optimal functioning of Australia’s electricity system into the future.