In July 2021, the ESB provided recommendations for the Post-2025 NEM to Energy Ministers. In October 2021, Ministers endorsed a final package of reforms.
The reform pathways address a range of distinct challenges across the NEM and require different approaches to progress implementation. Reforms will be implemented over time as the market develops to minimise system implementation costs on participants and the market operator. A summary of the final reform package and corresponding ESB recommendations, with further details on recommendations across the 4 reform pathways, is set out here.
The ESB has been tasked with working with market bodies, stakeholders and interested parties to develop the detailed designs and implement the reforms. The ESB is now establishing a program of work to deliver these reforms.