EUAA Submission: For consultation – Draft Interim Forecasting Best Practice Guidelines
Emily Wood | June 19, 2019
As the Guidelines consultation paper states, the role of AEMO’s reliability forecasts assumes a new level of importance under the Retailer Reliability Obligation. The AER validation of an AEMO reliability request could result in liable parties acquiring a substantial number of firm contracts that eventually results in substantial additional costs being passed through to consumers. What consumers are being asked to pay is essentially an insurance premium to increase the likelihood of the reliability standard being met, and minimizing the need to call on potentially much more expensive RERT…
For full submission please see attached.