EUAA Submission: NEM Wholesale Markets Settings Review – Draft Report
Emily Wood | September 17, 2025
‘..The EUAA are broadly supportive of the directions of the Draft Report. It is increasingly apparent that many elements of the energy market of the past can’t cope with the vastly different structure of the energy market of the future. While doing nothing is not an option we don’t believe a radical re-design is necessary or desirable given the disruption and cost that would likely result.
We believe the recommendations in the Draft Report largely strike the right balance between maintaining the elements of the existing market that will continue to be fit for purpose (with some relatively mild adjustment) and the need for longer-term support for the assets and services required to maintain a functional, efficient and resilient energy market.
We see the work being undertaken to date and what is likely to be presented before ministers for endorsement towards the end of this year, as developing the architectural drawings of the new wholesale market. Once approved, we envisage additional work will be required to bring these plans to fruition and urge policy makers to adopt inclusive and transparent processes with an appropriately broad set of stakeholders to bring this about.
While broadly supportive, members have expressed a strong desire to learn more about the key aspects of the proposed design, especially the operation of the ESEM, out of market reserves and the role and potential obligations of large load as a price responsive resource.
We commend the NEM Review Panel on their work to date and the manner in which they have engaged with stakeholders, especially given the time pressure to deliver the final report by the end of 2025….’
Please download the attached document to read our full submission.
