In April 2019, AEMO released a draft Reliability Forecasting Methodology Issues Paper for consultation. AEMO will be required to produce reliability forecasts under the National Electricity Law (NEL) framework that underpins the Retailer Reliability Obligation (RRO), to become effective from 1 July 2019. A copy of AEMO’s paper is available here.
AEMO’s forecasting methodology and the way that a forecast Reliability Gap will be determined is critical to how the RRO will operate, and the subsequent obligations that will need to be met by liable entities. AGL made a submission to the consultation paper available here.