AEMC: consultation paper on declaration of lack of reserve conditions (Submissions by 19 September 2017)
The AEMC has published a consultation paper on a rule change request from AEMO to redefine the conditions when it can declare a lack of reserves (LOR) and signal to the market that electricity reserves are running low.
This rule change request is being progressed separately but in parallel to the Reliability Frameworks Review, a holistic review of the market and regulatory frameworks that underpin reliability in the national electricity market. Aspects of the LOR framework that are outside of the scope of this rule change are being considered through the review.
Stakeholder submissions on the consultation paper are due by 19 September 2017.