EUAA Submission: 2026 Reliability Standards & Settings Review Draft Report
Emily Wood | January 29, 2026
The Panel’s role is to recommend a reliability standard and associated market price settings that signal investment in an appropriate mix of generation, storage, interconnection and demand response, balanced with the level of reliability consumers value. Getting these settings wrong transfers more cost to consumers.
‘…We agree with the Panel that the reliability standard and settings should:
- Balance the delivery of the reliable level of electricity supply which meet customer’s expectations while minimising costs for consumers
- Maintain regulatory stability and minimise uncertainty for market participants to maintain the efficient investment signal for both demand and supply based resources
In our view, these should reflect the Value of Customer Reliability (VCR) and the lowest cost marginal dispatchable unit in the NEM that can efficiently meet the Standard.
We also note that the reliability standard and settings to be determined under this review will apply to the period 1 July 2028 to 30 June 2032. During this period there is forecast retirement of more than 8GW firm schedulable thermal generation fleet across the NEM Mainland regions. This firm schedulable generation capability is forecast to be replaced by intermittent renewable energy generation and energy limited energy storage resources, whether BESS or PHES….’
Please download attachment to read full submission.
