On Thursday 4 May the Australian Energy Market Commission is holding a public forum in Sydney on the Five Minute Settlement rule change request. The forum will be webcast live.
The forum is part of our consultation on a proposed fundamental change to the national electricity market’s design – five minute settlement of the electricity spot price. It is essential that we have efficient price signals that help drive investment in generation, not only using the technologies of today, but the technologies of the future.
The proposed change would signal more accurately the value to consumers of fast response technologies, such as aggregating distributed storage, new generation gas peaker plants and rapid demand response, which are needed to support the increasing penetration of intermittent wind and solar generation in the sector.
The forum is an opportunity for stakeholders to provide feedback on the AEMC’s recently released directions paper, in particular the Commission's views on:
- the costs and benefits of changing the settlement period for the electricity spot price from 30 minutes to five minutes
- a proposed three year transition period, if the change were to be made.
The forum will feature presentations by a diverse range of stakeholders.
How to register
To join the live audiocast please email firstname.lastname@example.org. Login details will be emailed to you before the forum. Participants can email questions during the webcast or in advance. Any questions we can’t get to will be taken on notice and published later on our website.
If you would like to attend the forum in person, register here.
A recording of the forum will be made available on the AEMC website.
Stakeholders are welcome to make a submission on the directions paper by 18 May 2017. The AEMC intends to publish a draft determination on 4 July 2017.
Media: Bronwyn Rosser 0423 280 341 or (02) 8296 7847