This week, the Energy Security Board (ESB) had released a consultation package including consultation paper on the Interim Reliability Measure Draft Rule – Reliability Reserve.
This consultation package includes –
- a consultation paper, and
- accompanying Draft National Electricity Amendment (Interim Reliability Measure) Rule 2020 (Draft Rule).
The Draft Rule is intended to:
- reduce the risk of load shedding across the National Electricity Market (NEM) by helping to keep unserved energy in each region to no more than 0.0006%,
- replace the need for the Victorian Jurisdictional derogation for multi-year contracting of RERT (which commenced in April 2020),
- temporarily replace long notice RERT until March 2025.
The consultation paper and Draft Rule provide detailed information about how the interim reliability reserve would operate, including the circumstances where Australian Energy Market Operator (AEMO) would be able to enter into multi-year contracts under the mechanism.
The Energy Security Board (ESB) have also released the analysis provided by ACIL Allen and Ernst and Young that supported its advice to the COAG Energy Council in March 2020.
Submissions, providing your views, can be emailed to info@esb.org.au by Friday 12 June 2020.
