A new update unveils timely information about the performance of Australia’s power system and trends in security, reliability and safety.
The AEMC’s Reliability Panel has released its first bi-annual Market Performance Update as part of the Annual Market Performance Review (AMPR).
The updates are in response to stakeholder feedback from previous AMPR reviews and aim to help market participants obtain more timely information about power system performance and about current and emerging trends in the areas of security, reliability and safety.
The updates aim to help stakeholders provide informed input into current issues and reforms that are underway related to reliability and security of the national electricity market (NEM) so that discussion can lead to effective solutions to emerging power system issues.
The value of the update comes from the Panel having a diverse membership, bringing together all the relevant information into an accessible format and providing a collated view of what is happening in the power system.
As the power system continues to undergo changes during this period of rapid transition, this will be an important feature in ensuring that solutions can be effectively considered.
The Panel noted that due to the number of extreme events that the power system has endured in recent times, such events should be factored into ongoing planning and approaches to maintain power system resilience in the future.
Additionally, the Panel noted that changes in minimum demand trends will be of increasing concern in the power system, and can create issues in the context of inertia, voltage control, ramp rates and potential use of emergency controls.
The next market update and annual report will continue to cover these and other important issues as they emerge. The full annual AMPR report will be published in 2021, with the next market update in six months time.
The Panel work program for 2021 includes the Reliability Standard and Settings Review. This review will be important in the context of the changing market and post-2025 market design work.
Media: Kellie Bisset, Media and Content Manager, 0438 490 041