AEMC: Declaration of Lack of Reserve Conditions final determination and rule.
“The AEMC has made a final rule in time for summer that gives the Australian Energy Market Operator (AEMO) better ways to signal when the market needs to increase electricity supply or reduce demand at short notice.
The new rule provides AEMO with extra tools to better forecast a ‘lack of reserve’ – when the buffer of spare electricity capacity is getting too low. It also gives AEMO more flexibility in sending signals to the market to respond and restore the buffer, for example by making more generation available or by consumers agreeing to reduce their demand.
The AEMC has worked closely with AEMO on the new framework, which will be in place from January 2018.”
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