This report is making a series of recommendations to implement and develop mechanisms in the nem aimed at supporting reliable outcomes for consumers at lowest cost, including options to facilitate demand response in the wholesale market and to improve transparency of the forecasts that underpin decision making. Rule change requests are recommended to implement these reforms.
This report also concludes a number of Finkel Panel recommendations concerning reliability that were directed to the AEMC. In addition to a demand response mechanism, the need for a strategic reserve is being considered through the Enhancement to the Reliability and Emergency Reserve Trader rule change process. Finally, the Commission has concluded that a US-style day-ahead market would not be suitable for improving reliability outcomes in the NEM.