Energy Project Team Bulletin No. 1 - Optional Firm Access
Publication date: Monday, 18th July 2016.
In April 2010, the Energy Council (former Ministerial Council on Energy) tasked the Australian Energy Market Commission (AEMC) with a review of electricity transmission frameworks to ensure that they support optimal investment decisions by generators and regulated network businesses. As an outcome, the AEMC proposed Optional Firm Access (OFA) as an improvement to the existing framework.
Recognising that OFA represented a major and complex reform to the market, on 28 February 2014, the Chair of the Energy Council (the then Standing Council on Energy and Resources) wrote to the AEMC and Australian Energy Market Operator asking them to collaborate to develop, test and assess an OFA model. The AEMC published its final OFA design and testing report on 9 July 2015.
The OFA bulletin below represents the COAG Energy Council response to the AEMC’s final report.