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For electricity governance nerds - the ESB review has been publicly released. Some quick highlights (for me):"...there exist concerns around the transparency of process, even taking in to account that clearly
processes are quicker by design."
(putting mildly imho)
For those that may have missed - the significant (and unexpected) effective tightening of the reliability standard (now 0.0006%) occurred using the s90F mentioned above.
That will be expensive.
That will be expensive.
Directly related to the above:
Some "questioned the role of the independent market operator in a process where they may be a âbeneficiaryâ of specific choices around creation or operation of markets or control mechanisms"
See also: AEMO, capacity markets etc.
Some "questioned the role of the independent market operator in a process where they may be a âbeneficiaryâ of specific choices around creation or operation of markets or control mechanisms"
See also: AEMO, capacity markets etc.
"It is less clear that there is a need for the ESB to continue to have this as a standing statutory function or that the downside in terms of clarity, transparency and process in not more significant that the potential benefits."
We currently basically have two rule makers
We currently basically have two rule makers
This recommendation was not agreed (perhaps unsurprising).
(Reminder - section s90F was used *last week* to formally introduced the new 0.006% "Interim reliability measure).
(Reminder - section s90F was used *last week* to formally introduced the new 0.006% "Interim reliability measure).
Worth remembering the council always has the power to make rules (an example is the RRO - Retailer Reliability Obligation) - don't specifically need s90F for ministers to change the rules.
So we have a body:
⢠duplicates and confuses roles (with the need for s90F "less clear")
⢠has issues around transparency and process
⢠includes questionable role of the "independent" market operator.
⢠duplicates and confuses roles (with the need for s90F "less clear")
⢠has issues around transparency and process
⢠includes questionable role of the "independent" market operator.
(Unfortunately no one really seems to give a shit about NEM governance. I think it's important. )
