Market Review: Completed
In August 2020, the Reliability Panel published updated RERT guidelines to reflect the implementation of a temporary out of market capacity reserve, called the Interim Reliability Reserve, the rules for which were recommended and approved by Energy Ministers in August 2020.
The updated RERT guidelines took effect on 21 August 2020, when the rule that established the Interim Reliability Reserve commenced (the National Electricity Amendment (Interim Reliability Measure) Rule 2020).
- This version of the RERT guidelines incorporates amendments that reflect and enable the functioning of the National Electricity Amendment (Interim Reliability Measure) Rule 2020. The Panel has also added more explanatory notes to make the guidelines easy-to-read.
- Apart from consulting with AEMO, Energy Ministers did not require the Panel to comply with the usual public consultation requirements for the guidelines. This is because the changes to the guidelines were limited to implementing the rule and therefore relatively minimal.
The previous version of these guidelines was published in July 2019.