In this report, AEMO has observed that the initial target delivery dates provided by developers of new energy generation and storage investments often have not accounted for delays that could occur during the project financing, planning, development and delivery stages of projects.

The purpose of this publication is to provide an update to the 2022 Electricity Statement of Opportunities for the National Electricity Market, due to material changes affecting available generation capacity in the National Electricity Market from that set out in the 2022 Electricity Statement of Opportunities.

This report from the Australian Energy Market Operator (AEMO) shows that Australia’s transition to net zero by 2050 is accelerating faster than expected, with the impacts of coal-closures brought forward and renewables becoming cheaper. The report also outlines further planned investments in wind and solar capacity, as well as storage and hydro, for the transition.

The Wholesale Electricity Market (WEM) Electricity Statement of Opportunities (ESOO), published annually, presents AEMO’s 10-year Long Term Projected Assessment of System Adequacy (PASA) for the South West Interconnected System (SWIS) in Western Australia (WA).

AEMO has prepared this report to provide energy market participants and governments with information on the market dynamics, trends and outcomes during Q1 2022 (1 January to 31 March 2022).