On 3 June 2021, the Australian Energy Market Commission (AEMC) published a final determination and rule titled National Electricity Amendment (Implementing a general power system risk review) Rule 2021.
The rule establishes an annual general power system risk review (GPSRR) in which the Australian Energy Market Operator (AEMO) would identify and assess, in collaboration with Network Service Providers (NSPs), priority risks to power system security that it expects would be likely to lead to cascading outages or major supply disruptions. The rule requires AEMO to complete the first GPSRR by 31 July 2023.
The AEMC believes this would increase the transparency of emerging system security risks that may need to be managed, helping AEMO, NSPs and market participants better understand the nature of the new risks as they emerge.
The National Electricity Amendment (Implementing a general power system risk review) Rule 2021 has been assessed by the Office of Best Practice Regulation as compliant with requirements for a Council of Australian Governments Decision RIS.
Please note: any accessibility queries should be directed to the Australian Energy Market Commission.