Keynote Address APEx 2008 Dr Dan Norton Chairman - NEMMCO
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Keynote Address APEx 2008 Dr Dan Norton Chairman - NEMMCO
description
Keynote Address APEx 2008 Dr Dan Norton Chairman - NEMMCO. Gigawatt Sponsor Megawatt Sponsors. The Association of Power Exchanges and NEMMCO extend their appreciation to the following major sponsors for their support of the Conference. Kilowatt Sponsor Harbour Cruise Dinner Sponsor - PowerPoint PPT Presentation
Transcript of Keynote Address APEx 2008 Dr Dan Norton Chairman - NEMMCO
Keynote AddressAPEx 2008
Dr Dan NortonChairman - NEMMCO
The Association of Power Exchanges and NEMMCO extend their appreciation to the following major sponsors for their support of the Conference.
Gigawatt Sponsor
Megawatt Sponsors
The Association of Power Exchanges and NEMMCO extend their appreciation to the following sponsors for their support of the Conference:
Kilowatt Sponsor
Harbour Cruise Dinner Sponsor
Conference Dinner Sponsor
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Australia’s National Electricity Marketcovers the Eastern and Southern interconnected electricity system
Scale
0 1,000km
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Australian Market Successes
Reduced wholesale prices in most jurisdictions Efficient investment in generation and supply reliability maintained National system operation
Retail transfer activity one of the highest in the world Victoria, South Australia and Queensland currently experiencing about
20-25% churn in retail customers NSW at about 13% churn
IEA have given a good report Australia has one of the most transparent and competitive electricity markets in
the world– New entrants face minor barriers– Robust 3rd party access– For most part there is sufficient diversity of supply to mitigate market abuse
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Participants•Generators•Market Customers(Retailers)•Participant End Use Customers•Network Operators•Traders
National Electricity Law
AEMC
National Electricity Market Rules
ASICNEMMCO AER Economic Reg andRule compliance
Power Systemand MarketOperator
Rule Maker
NEM Regulation and Governance
Ministerial Council on Energy Policy Making
AEMO to commence operations on 1st July 2009 AEMO will include:
All functions currently carried out by NEMMCO
All functions carried out by VENCorp in Victoria, Gas Market Company in NSW, Queensland retail gas market and REMCo in South Australia
Additional functions of:
National Transmission Planning
Bulletin board for gas
Short term forward market for gas
Australian Energy Market Operator
Climate Change
Emissions Trading Scheme – Carbon Pollution Reduction Scheme Major impact on base load coal fired generation
Increasing wind generation Improved forecasting Semi dispatch
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