Energy Security Boards - Interim Reliability Measures - RRO Trigger
Publication date: Wednesday, 09th September 2020.
On the 9th September the Energy Security Board (ESB) published a draft set of changes to the National Electricity Rules (Rules) to amend the trigger for the Retailer Reliability Obligation (RRO) and a consultation paper seeking feedback on these draft rule changes.
At its meeting on 20 March, the former COAG Energy Council (Council) considered advice from the ESB aimed at improving the reliability (resource adequacy) of the electricity system. The Council agreed to implement interim measures to deliver further reliability by establishing an out-of-market capacity reserve and amending triggering arrangements for the Retailer Reliability Obligation (RRO).
In August 2020, the ESB also sought approval from Energy Ministers to defer proposed rule changes to decouple the T-3 instrument from the T-1 instrument of the RRO whilst broader work on resource adequacy in the Post 2025 Work Program is conducted. This approval was sought following earlier consultation in May 2020 on the detailed elements required to implement the proposed changes to the RRO. Ministers agreed with the recommendation of the ESB and consequently the focus of the Draft National Electricity Amendment (Retailer Reliability Obligation trigger) Rule 2020 and the associated consultation paper is to align the RRO with the Interim Reliability Measure (0.0006% USE).