COAG Decision Regulation Impact Statement – Australian Energy Market Commission
On 12 March 2020, the Australian Energy Market Commission (AEMC) released a second draft rule determination and accompanying second draft rule titled: Draft National Electricity Amendment (Wholesale demand response mechanism) Rule 2020 to provide a mechanism to facilitate wholesale demand response in the National Electricity Market. On 12 March 2020, the Australian Energy Market Operator (AEMO) also published a high level design to assist stakeholders in understanding the implementation of the wholesale demand response mechanism.
Facilitating wholesale demand response has the potential to lower wholesale electricity prices and help manage the supply-demand balance at a lower cost.
The second draft determination has been assessed by the Office of Best Practice Regulation as compliant with requirements for a Council of Australian Governments Consultation RIS.
Submissions are invited by close of business, 23 April 2020. More information on the consultation process, including how to make a submission, can be found here.
Please note: any accessibility queries should be directed to the Australian Energy Market Commission.