The Reliability Panel has released the 2021 Annual market performance update which forms part of the Annual market performance review. The market update provides initial insights and analysis on the reliability, security and safety of the power system over the period from 1 July 2020 to 30 June 2021.
Key findings of the 2020-21 financial year market update include:
- There were some challenges relating to reliability, but these were largely managed to date by the reliability frameworks.
- Trends in lower minimum system loads and associated market price floor events are emerging as an issue, particularly in South Australia and Queensland.
- The trend toward increasing complexity around managing power system security continued.
The annual review will continue to cover these and other important issues as they emerge and will be published in 2022.
Visit the Annual market performance review page for more information and contact details.