Cost-benefit analysis of a possible Demand Response Mechanism - Final Report (December 2014)
Publication date: Thursday, 11th December 2014.
The Demand Response Mechanism (DRM) was a recommendation of the Australian Energy Market Commission in the 2012 Power of Choice review. At the 13 December 2013 meeting of the former Standing Council on Energy and Resources, Ministers noted the change in market circumstances since the completion of that review and requested that officials undertake further work on the DRM, including a cost benefit study, and report back.
In May 2014 officials contracted Oakley Greenwood to undertake further analysis of the DRM including market modelling. Having completed a public consultation in August 2014, Oakley Greenwood provided its final report to the Council in December 2014.
Note: the final report was prepared by an external consultant and does not represent the views of the Council or the Commonwealth, state or territory governments.