The Coordination of generation and transmission investment (COGATI) technical working group has held its fifth meeting to help inform the AEMC’s market review.
The COGATI reforms are integral to Australia taking the cheapest, fastest, fairest path to a low emissions energy future. They represent a major rethink of the NEM that will develop price signals to preference lowest cost and lowest emissions energy, keep power bills trending down and support the transmission investment we need without repeating the ‘gold plating’ mistakes of the past.
Discussion notes from the latest meeting of the technical working group are now available.
The group includes representatives from consumer groups, energy investors, large consumers, generators, transmission businesses, retailers, the Energy Security Board and market bodies.
At the latest meeting on 5 February 2020 the group discussed:
- their reflections on the COGATI reforms, including key concerns, benefits and questions
- quantitative analysis of the COGATI access model, including a presentation from one of the AEMC’s consultants who is undertaking the analysis
- implementation and staging of the model
- two case studies.
The work is part of the AEMC's system security and reliability action plan and is one half of a two-part solution to easing grid congestion and access issues.
The first lever is to invest in transmission through AEMO’s Integrated Systems Plan. The second lever is COGATI pricing reform, which will ensure that transmission is used in the best possible way by incentivising generators to locate more efficiently. Both of these levers are fundamental to the Energy Security Board’s 2025 market redesign.
A final report on the proposed COGATI reforms will be considered by the COAG Energy Council at its March 2020 meeting.
Media: Kellie Bisset, Media and Content Manager, 0438 490 041 or (02) 8296 7813.