Market Readiness

Market Readiness Engagement and Reporting

Overview

AEMO adopted a Market Readiness Engagement & Reporting Strategy, which commited it to a range of activities to manage, coordinate, inform, monitor and report on the operational preparedness of AEMO, Market Participants and other key stakeholders for running and participating in the new SCED market and the modified RCM.

In accordance with the Strategy, AEMO conducted a periodic Market Readiness Survey, which invited Market Participants, Western Power and the Economic Regulation Authority (ERA) to submit information on their readiness status and progress. AEMO aggregated this information to produce a Market Readiness Report. AEMO also had requirements to report on progress to the Minister for Energy and used the Market Readiness Reports as source material to ensure consistency and transparency.

Our reporting framework proceeded in two stages with general readiness reporting introduced first, concerning the overall progress and status of each party's work program. Stage 1 reporting commenced in June 2021, with the last Market Readiness Report released in early June 2022. In the second stage, respondents were asked to assess the progress and status of work to establish key capabilities related to the new market arrangements. Stage 2 readiness reporting commenced in late July 2022.

 

 

Consultation on Criteria for Market Readiness Reporting

AEMO prepared a consultation paper setting out its proposed approach to the second stage of the Market Readiness Reporting. The paper proposed specific readiness criteria to form the basis for a revised bimonthly Market Readiness Survey. Stakeholders were invited to provide feedback on the Criteria for Market Readiness Reporting Consultation Paper.

Our Market Readiness Reports

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