The Panel commissioned the Melbourne Energy Institute (MEI) to perform a security assessment of a selected set of the emissions reduction policies modelled by Jacobs. MEI’s report includes analysis on future power system security issues under the selected policies. MEI also analysed one of these policies further, looking at the minimum level of synchronous generation required to be online for the secure operation of the National Electricity Market.
The Panel commissioned Jacobs to model a range of emissions reduction policies for the National Electricity Market. These policies were modelled over the period FY2017-FY2050. The modelling provides key insights on the impacts different policies have on consumers as well as on the National Electricity Market’s generation and capacity mix.
This Independent Review into the Future Security of the National Electricity Market Preliminary Report identifies the complex forces driving a rapid transition across the electricity sector. It seeks input on key questions to navigate the transition in line with consumer expectations for a secure and reliable service, at an affordable price, that delivers on our national emissions reduction commitments.
Dr Finkel and the Panel thank respondents for their submissions. The submission period closed on 21 February 2017.
The submissions to the Independent Review into the Future of the National Electricity Market published are presented by the Department of the Environment and Energy and the Independent Panel for the purpose of sharing information about the Review. Submissions are now closed.
The Blueprint for the Future delivers a plan to maintain security and reliability in the National Electricity Market in light of the significant transition underway, including due to rapid technological change.
On 6 September 2017, the Australian Government released advice from the Australian Energy Market Operator (AEMO) on dispatchable capability in the National Electricity Market.
AEMO has prepared this advice as requested by the Hon Josh Frydenberg, Minister for the Environment and Energy.