NEM Reform Program Post Implementation Review Increased MT PASA Information

NEM Reform Program Post Implementation Review Increased MT PASA Information March 2024 Important notice Purpose The purpose of this publication is to not only identify the key learnings and areas for improvement which can be applied across the delivery of future initiatives under the NEM Reform Program, but also consider implementation of the reform against the broader policy or reform objectives,. [...] In drafting its assessment, AEMO note i) this reform is part of a broader package defined by the Energy Security Board as part of the Resource Adequacy Mechanism pathway and ii) the benefits of certain reforms may not be apparent from the outset and instead take time to develop or embed within the operation of the market, or participants behaviours. [...] • Extensive engagement between AEMO and industry throughout the lifecycle of the project resulted in the smooth implementation of the initiative. [...] In drafting its assessment, AEMO note (i) this reform is part of a broader package defined by the ESB as part of the Resource Adequacy Mechanism pathway; and (ii) the benefits of certain reforms may not be apparent from the outset and instead take time to develop or embed within the operation of the market, or participants behaviours. [...] AEMC reasons for making the rule Policy objective / value12 Assessment Addresses the reliability and security The Increased MT PASA Information initiatives has provided for the standardisation problems associated with a lack of collection and reporting of data in relation to unit availability over the medium term.