Energy Security Board outcomes from 23rd Energy Council Ministerial Meeting

Publication date: Friday, 27th March 2020.

Outcomes from COAG Energy Council meeting on 20 March

At its meeting on 20 March, COAG Energy Council (Council) was briefed on a comprehensive plan for reliability, security, networks and affordability in the National Electricity Market (NEM).

The plan will be coordinated through the post-2025 market design project and will involve three key phases of program development and delivery, as follows:

1. Immediate Actions (12-18 month) including:

2. Intermediate deliverables relating to development of Ahead Markets, Two-Sided Markets and Access Reform via Coordination of Generation and Transmission Investment (COGATI), to be developed for decision at the framework level by the end 2020 with implementation for some aspects likely ahead of 2025.

3. Longer term deliverables relating to investment signals, aging thermal generator strategy and initiatives relating to development of DER markets with implementation after 2025.

Ministers approved action to implement the short term interim measures and endorsed the work on intermediate and longer term measures.

Further work will also be undertaken to review the methodology used in national transmission pricing.

 

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