Post 2025

Electricity Market Design

Delivering a stronger, lower emissions power system for Australians

The Energy Security Board, in collaboration with the market bodies, is making the national electricity market fit-for-purpose. Work on the 2025 electricity market design addresses essential change in a world of expanding consumer choices, new technologies, and large-scale capital replacement as old thermal power stations leave the market. Without reform we can’t get the full value of emissions reduction offered by the renewables revolution.

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The 2025 project

The future course of energy investment and operation is at a turning point. The shift to new technologies and renewables is happening at speed. More consumers and producers are taking up those opportunities. Just one example of consumer choices driving structural change is the rapid spread of rooftop solar, smart appliances and other distributed energy resources that are changing the face of the market. Australia’s power system may well become the most decentralised in the world.

This work was requested by the nation’s energy ministers in March 2019. It is all about

…resetting the national electricity market so consumers can benefit from rapidly changing technologies in our power system.

…unlocking value of flexible demand and distributed energy resources.

…working alongside government schemes which are delivering on their policy commitments including emissions reduction

…clear signals for timely and efficient investment to deliver reliable, secure and affordable electricity for consumers.

Existing market design and its challenges

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The post 2025 reform directions

In response to stakeholder feedback, the seven market design initiatives published for consultation in September 2020 have been consolidated into four reform directions for detailed design: