AEMC review: reliability standard and settings

On 30 March the Commission’s Reliability Panel started its review of the reliability standard and reliability settings, as required under the National Electricity Rules. The reliability standard currently requires there be sufficient generation and transmission interconnection such that 99.998% of annual demand for electricity is expected to be supplied. It is not a regulatory or performance standard that is ‘enforced’ but rather it is a planning standard used to indicate to the market the required level of supply and demand on a regional basis. The Commission provided the Panel with Terms of Reference for the review, which will determine the settings that will apply from 1 July 2020 to 1 July 2024. An issues paper will be published in mid 2017 and the Panel’s draft determination is due to be released in late 2017, both for consultation.

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