The Reliability Panel (Panel) is seeking public feedback on a draft framework that outlines how it would apply an emissions reduction objective to its decision-making process. 

The development follows steps taken by energy ministers to fast-track a plan to embed emissions targets in the National Electricity Objective (NEO), that already guides the Panel’s work around the safety, security and reliability of the national electricity system. 

In its work, the Panel applies the NEO to guide its decision-making on various projects like reviewing the reliability standards and settings, and setting frequency operating standards, system restart standards, and more.

Following consultation with stakeholders, the Panel will use the draft guide to consider emissions reduction targets when making recommendations or determinations. However, the Panel retains the flexibility to apply the emissions guidance to specific reviews and determinations as it considers appropriate. 

The Panel is seeking stakeholder feedback on whether its guide clearly explains how the Panel will take into account the emissions reduction component in its work, and whether further guidance would be helpful. Submissions are due by 18 August 2023.

Visit the project page for more information about the Reliability Panel's draft framework on the emissions reduction objective. 

Background on the Reliability Panel

The Reliability Panel forms part of the AEMC’s institutional setup and has functions and powers assigned to it within the National Electricity Law (NEL).

It is the responsibility of the Reliability Panel to monitor, review and report on the safety, security and reliability of the national electricity system plus perform any other functions or powers under the NEL or National Electricity Rules (NER).

The Panel is comprised of members who represent a range of participants in the National Electricity Market, including small and large consumers, generators, network businesses, retailers and the Australian Energy Market Operator (AEMO).

The Panel determines the standards and some of the guidelines used by AEMO and other market participants which help to maintain a secure and reliable power system for consumers.
 

Media enquiries: Jessica Rich | 0459 918 964 | media@aemc.gov.au