Australian Energy Market Operator (AEMO)’s Post

This morning AEMO released the 2024 Integrated System Plan (ISP) – a roadmap for Australia's energy transition to meet future energy needs and government net zero commitments. The 2024 ISP is the culmination of two years of extensive consultation involving 2,100 stakeholders, 85 presentations and reports, and the consideration of more than 220 formal submissions. View the report and insights here: https://bit.ly/45K0ocn

This National NAIDOC Week we honour and celebrate the rich history, culture and achievements of Aboriginal and Torres Strait Islander peoples. This year’s theme is ‘Keep the Fire Burning! Blak, Loud & Proud’ and celebrates the powerful spirit of Traditional Owner communities and invites us all to stand in solidarity and help amplify their voices to achieve positive change. To learn more about how AEMO is helping to ‘Keep the Fire Burning’ and supporting reconciliation, please read our Reflect RAP – https://lnkd.in/gpTnMHR4

AEMO’s NEM Dashboard enhancements are NOW LIVE – giving you increased visibility of market operations and an improved overall user experience! The Dashboard now gives you access to new information, such as market statuses and pricing details, including when prices are at the market price cap or when administered pricing is active and usability improvements such as user-friendly charts and descriptive labels and coloured indicators to highlight market status changes, pricing revisions, and forecasted shifts. For a detailed list of the changes and what they mean, please refer to the fact sheet below, and to experience the new Dashboard for yourself, visit: https://lnkd.in/g4WfrgDF

The energy transition is ON 🔛 in Western Australia’s Wholesale Electricity Market (WEM), with renewable generation now making up half the state’s energy supply! 🎧 Hear from Kate Ryan, Executive General Manager – Western Australia & Strategy, as she discusses the recent release of the WEM Electricity Statement of Opportunities (ESOO) in today’s new episode of AEMO On Air – available now on all your favourite podcast platforms. Spotify: https://spoti.fi/3RT7Ig9 Apple: https://apple.co/4cLssyk

The Integrated System Plan (ISP) is a roadmap to navigate Australia’s power system through the energy transition, providing Australians with reliable electricity at the lowest cost. AEMO CEO, Daniel Westerman unpacked the report on Sky News with Ross Greenwood, earlier this week.

AEMO has today published the 2024 Integrated System Plan (ISP), the most efficient optimal development path of generation, storage and transmission investments to meet power system needs and support government emissions reductions policies as we head toward 2050 and a #netzeroeconomy. by 2050. AEMO CEO, Daniel Westerman, said: “AEMO has worked closely with industry, governments and consumer representatives to develop this plan in the interests of energy consumers.”   “The plan maps out urgent investment so that homes and businesses continue to access reliable and affordable electricity, both in the coming decade when 90% of #coalgeneration is expected to retire, and beyond to 2050.   “As with previous reports, this plan shows that the lowest-cost path for secure and reliable electricity is from renewable energy, connected with transmission and distribution, supported by batteries and pumped hydro, and backed up by gas-powered generation,” he said. View the report and insights here: https://bit.ly/45K0ocn View our #MediaRelease here: https://bit.ly/4eOQLgS

As market operator, earlier this week, under AEMO’s new East Coast Gas System functions, we notified and met with the gas industry about a potential risk to gas storage levels in parts of the east coast. These steps are an important mechanism in the management of gas operations and it’s how we at AEMO, manage risks and keep the market fully informed. To learn more about gas, check out our Gas Bulletin Board for real time gas flow information: https://lnkd.in/gY857-ip And to read our full statement, click here: https://lnkd.in/gdVHdeKc

AEMO’s latest WA Wholesale Electricity Market (WEM) Electricity Statement of Opportunities (ESOO) presents a significantly improved near-term outlook compared to last year’s report, but also highlights the need for continued capacity investment from 2027 onwards. AEMO Executive General Manager WA & Strategy Kate Ryan said the significantly improved near-term capacity outlook is the result of substantial investment that is currently underway in the SWIS, which is on a scale not seen in decades. “However, retiring coal-fired power stations combined with increasing demand will see a forecast 391 MW shortfall emerge in 2027-28, growing to 2,880 MW by 2033-34.” “This highlights that critical investment in power generation, storage, demand-side response and transmission will be needed to meet demand and replace retiring coal-fired power stations in the lead up to 2030 and beyond.” Read the report here: https://bit.ly/4c2MUL3 And to read our WEM ESOO media release, click here: https://bit.ly/3Vut7gF

Here’s your invitation to join AEMO’s Executive General Manager of Digital, Gordon Dunsford GAICD at the ACS (Australian Computer Society) 2024 'Innovating the future of energy markets' webinar. Gordon will delve into the dynamic realm where energy market operations intersect with cutting-edge technology as guest speaker on Wednesday 31 July from 12:00 pm (AEST). For full details and to register, please visit: https://lnkd.in/gcizV6BX