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Keynote Address APEx 2008 Dr Dan Norton Chairman - NEMMCO

Keynote Address APEx 2008 Dr Dan Norton Chairman - NEMMCO. Gigawatt Sponsor Megawatt Sponsors. The Association of Power Exchanges and NEMMCO extend their appreciation to the following major sponsors for their support of the Conference. Kilowatt Sponsor Harbour Cruise Dinner Sponsor

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Keynote Address APEx 2008 Dr Dan Norton Chairman - NEMMCO

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  1. Keynote AddressAPEx 2008Dr Dan NortonChairman - NEMMCO

  2. Gigawatt Sponsor Megawatt Sponsors The Association of Power Exchanges and NEMMCO extend their appreciation to the following major sponsors for their support of the Conference.

  3. Kilowatt Sponsor Harbour Cruise Dinner Sponsor Conference Dinner Sponsor The Association of Power Exchanges and NEMMCO extend their appreciation to the following sponsors for their support of the Conference:

  4. Australia’s National Electricity Market covers the Eastern and Southern interconnected electricity system Scale 0 1,000km

  5. Australian Market Successes • Reduced wholesale prices in most jurisdictions • Efficient investment in generation and supply reliability maintained • National system operation • Retail transfer activity one of the highest in the world • Victoria, South Australia and Queensland currently experiencing about 20-25% churn in retail customers • NSW at about 13% churn • IEA have given a good report • Australia has one of the most transparent and competitive electricity markets in the world • New entrants face minor barriers • Robust 3rd party access • For most part there is sufficient diversity of supply to mitigate market abuse

  6. NEM Regulation and Governance Ministerial Council on Energy Policy Making National Electricity Law AEMC Rule Maker National Electricity Market Rules Power System and Market Operator NEMMCO AER ASIC Economic Reg and Rule compliance Participants • Generators • Market Customers(Retailers) • Participant End Use Customers • Network Operators • Traders

  7. Australian Energy Market Operator • AEMO to commence operations on 1st July 2009 • AEMO will include: • All functions currently carried out by NEMMCO • All functions carried out by VENCorp in Victoria, Gas Market Company in NSW, Queensland retail gas market and REMCo in South Australia • Additional functions of: • National Transmission Planning • Bulletin board for gas • Short term forward market for gas

  8. Climate Change • Emissions Trading Scheme – Carbon Pollution Reduction Scheme • Major impact on base load coal fired generation • Increasing wind generation • Improved forecasting • Semi dispatch

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