The final report of the AEMC Power of choice review sets out a substantial reform package for the National Electricity Market. This package provides households, businesses and industry with more opportunities to make informed choices about the way they use electricity and manage expenditure.
The overall objective is to provide that the community’s demand for energy services is met by the lowest cost combination of demand and supply side options.
The final recommendations are a package of reforms designed to increase the responsiveness of the demand side to evolving market, technological developments and changing consumer interests over the next 15 to 20 years.
These reforms act to facilitate efficient DSP in two ways:
- Enabling consumers to see and be rewarded for taking up demand side options (demand side changes); and
- Enabling the market to support consumer choice through better incentives to capture the value of demand side participation options and through decreasing transaction costs and information barriers (supply side changes).
The final report for the power of choice review was presented to the Federal and state Ministers of the Standing Council on Energy and Resources for their consideration in November 2012.
The final report follows 18 months of investigation and consultation with industry and consumers, and sets out the final recommendations and a detailed implementation plan by Federal and state governments.
Final report - Implementation plan
Final Report - Appendices
Final Report - Draft specifications
Demand response mechanism
Efficient and flexible pricing options
Enabling Technology (metering)
Full project history, reports, public submissions and all background