Rule Change: Open
The Australian Energy Market Commission (AEMC) published a consultation paper in response to a rule change request from AEMO to amend the National Electricity Rules.
AEMO proposed a voluntary mechanism to allow unscheduled price-responsive resources to participate in scheduling processes. Under the AEMO proposal, retailers and aggregators using consumer energy resources (CER) and other price-responsive resources could use the mechanism to improve demand forecasts and participate in dispatch.
These resources, and their response to market price signals, are currently not fully integrated into the planning and operation functions in the NEM. They are not appropriately considered when determining how much energy demand needs to be met, how to meet this demand or the price at which it is purchased.
Network and wholesale market services could both be provided more efficiently if these resources were fully integrated. Over time, this would reduce total system costs and therefore decrease prices for all consumers.
AEMO’s rule change request is part of a package of reforms being progressed by the market bodies to realise the benefits of CER for consumers.
Submissions in response to the consultation paper closed on 14 September 2023. 33 submissions have been received.
The Commission has decided to extend the period of time for making a draft rule determination until 29 February 2024 because the rule change request raises matters of sufficient complexity. This will allow time to appropriately investigate stakeholder perspectives on the matter.