The Reliability Panel’s (Panel) FY2025 NEM Reliability and Security Report (RASR) summarises and provides analysis on the reliability and security performance of the power system across the 2024–25 financial year (FY2025). This report was previously named the Annual Market Performance Review (AMPR).

Under the AEMC’s Terms of Reference to the Reliability Panel, the RASR must be published annually, by the end of the financial year following the financial year to which the review relates.

The panel invites feedback on focus areas for this report. Please direct responses to the following email address: panel@aemc.gov.au.

Background

The RASR assesses reliability and security outcomes relevant to the NEM undergoing rapid transition. This year’s report covers the period from 1 July 2024 to 30 June 2025.  

The report compiles information collected from various sources, including the Australian Energy Market Operator, the Australian Energy Regulator, and market participants.

The purpose of the report is to: 

• consider specific events that have occurred in the NEM over the reporting period 
• assess the performance of the power system against various reliability and security measures 
• consolidate key information related to the performance of the power system and present observations and commentary in a single publication for the purpose of informing stakeholders.

The AEMC’s Terms of Reference to the Reliability Panel for the Reliability and Security Report was updated on 3 December 2025. 
Changes to the Terms of Reference include:

• inclusion of a requirement to monitor and report on metrics relevant to the potential operational procurement of inertia, following the Efficient provision of inertia rule change; and
• the removal of the requirement to report on the safety performance of the power system.

About the Reliability Panel

The Reliability Panel’s core functions relate to the security, reliability, and safety of the national electricity system. The focus of the Panel’s work is on determining standards and guidelines that are part of the framework for maintaining a secure and reliable power system. 

The Panel members broadly represent the stakeholders interested in the operation of the power system and the electricity market, including consumer groups, generators, network service providers, retailers and the power system and the market operator.