The Australian Energy Market Commission (AEMC) has released proposals to open up the wholesale electricity market so large consumers can be more easily paid for reducing their demand on the power system. The wholesale demand response mechanism draft rule, released today for consultation, would allow non-retailers to offer demand response directly into the wholesale market for the first time. AEMC Chairman John Pierce said changes would be put in place as quickly as possible to help take the pressure off the power system by meeting our electricity needs through the lowest cost mix of demand response and supply.
‘Taking demand pressure off the power system is a substitute for generation and helps tackle rising wholesale prices at peak times reducing electricity costs for everyone,’ AEMC Chairman John Pierce said.
See the AEMC website for more information on the proposals.