The Australian Energy Market Commission (AEMC) has released updates to key reliability settings that apply to the National Electricity Market (NEM). Under the National Electricity Rules, the market price cap and cumulative price threshold for the NEM must be adjusted in line with the consumer price index by 28 February each year. 

The market price cap is the maximum price that can be reached on the spot market during any dispatch and trading interval. The cumulative price threshold is the maximum price across seven days’ worth of trade.   

The market price cap and the cumulative price threshold for the 2024-25 financial year, compared with the period from 1 July 2023 to 30 June 2024, are:

The updated values and underlying calculations for 2024-25 are in a schedule of reliability settings on the AEMC website.