The recommendations now before the Energy National Cabinet Reform Committee set out a series of reforms that can be implemented over time as the market develops and coordinated to minimise system implementation costs on participants and the market operator.
The ESB will continue working with jurisdictions to develop governance arrangements that guide the implementation of the Post 2025 reforms. We anticipate that many proposals will need to go through an AEMC rule change process to be implemented. However, governance arrangements will be needed to coordinate decision making between the market bodies, jurisdictions and others responsible for implementation. This will be critical to maintaining a coherent market development path.
The proposed reforms are at varying levels of maturity. For example, some reforms may relate to urgent system security matters and be progressed through AEMC or ESB rule change processes, as is proposed to occur with fast frequency response.