The AEMC today started consultation on amendments to its last resort planning power (LRPP) guidelines.
The LRPP is an oversight mechanism conferred on the AEMC. Its purpose is to ensure timely and efficient inter-regional transmission investment. We are required to report annually on the exercise of the last resort planning power.
In 2014, the AEMC noted its intention to review the LRPP guidelines which govern our consideration of whether or not the planning power needs to be exercised. The last guidelines review was undertaken in 2010.
The AEMC is proposing to make two sets of change to the guidelines. First, we are proposing to incorporate a description of a three stage process the AEMC follows when deciding whether to exercise the last resort planning power into the guidelines to provide more transparency and certainty to stakeholders. Second, we are also proposing to make some housekeeping amendments to the guidelines.
Stakeholders are invited to make submissions on the amendments to the guidelines. These should be lodged by 3 September 2015.
Media: Communication Manager, Prudence Anderson 0404 821 935 or (02) 8296 7817