Energy Security Board – Post 2025 Market Design
Source: COAG Energy Council
9 September 2019
The Energy Security Board (ESB) has invited submissions for its Post 2025 Market Design recommendations. This is the first step of including input from stakeholders to identify possible market frameworks for evaluation throughout 2020.
The ESB is tasked with developing advice on a long-term, fit-for-purpose market framework to support reliability that could apply from the mid-2020s. This may include modifying the National Electricity Market (NEM) to meet the needs of future diverse sources of non-dispatchable generation and flexible resources including demand side response, storage and distributed energy resource participation.
The Post 2025 Market Design Issue Paper is looking at 5 key challenges that will be essential in the market design in 2025:
- Driving innovation to benefit the consumer
- Investment signals to ensure reliability
- Integration of DER into the electricity market
- System security services and resilience
- Integration of variable renewable energy into the power system
The ESB is seeking feedback from stakeholders on:
- the possible future scenarios that will be used when assessing options for change
- the assessment framework for evaluating market design options
- the opportunities, challenges and risks that need to be considered as the project looks to identify market design options; and
- the implications for market design resulting from these opportunities, challenges and risk.