2014 2014 Reports to Reports to the the Minister Minister Markets Team Ken Michael Room, 25 September 2014 Ensuring quality services for a reasonable price 1 Workshop
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2014 Reports 2014 Reports to the to the
MinisterMinisterMarkets TeamKen Michael Room, 25 September 2014
Ensuring quality services for a reasonable price 1
Workshop
Ensuring quality services for a reasonable price 2
Markets Team
Bruce LaymanBruce Layman Elizabeth WaltersElizabeth Walters
Jeremy CookJeremy Cook
Natalie Jackson Natalie Jackson
Holly MedranaHolly Medrana
Shibli KhanShibli Khan
Purpose of Purpose of this this
workshopworkshop1. Wholesale Electricity
Market
2. Electricity Generation and Retail Corporation Regulatory Scheme
Ensuring quality services for a reasonable price 3
to be considered in preparation of Discussion Papers.
Stakeholder feedback on the effectiveness of:
Ensuring quality services for a reasonable price 4
Workshop: Content and Process
9:00am to 10.45am
9:00am to 10.45am
10:45am to 11:00am:
Break
10:45am to 11:00am:
Break
11:00am to 12:00pm
11:00am to 12:00pm
Ensuring quality services for a reasonable price 5
Process
TodayToday OctoberOctoberNovember/
December
November/
DecemberEarly 2015Early 2015
Follow upFollow up Request a meeting
Issues for consideration
Feedback for future engagement
Ensuring quality services for a reasonable price 6
Handouts:
Addresses matters ERA has raised for a number of years
Industry structure –government ownership
Market Governance
Reserve Capacity Mechanism
Constrained network access
Ensuring quality services for a reasonable price 7
Electricity Electricity Market Market
Review: ERA Review: ERA SubmissionSubmission
Perspective- ERA Review based on market as is
Not duplicate EMR
Recognise market likely to be modified
Adapt focus
Ensuring quality services for a reasonable price 8
Electricity Electricity Market Review Market Review Implications for Implications for
ERA ReviewERA Review
2014 Review of 2014 Review of Wholesale Wholesale Electricity Electricity
MarketMarket
Triennial WEM Report
2014 Annual WEM Report to the Minister
Ensuring quality services for a reasonable price 9
Incorporates:
Ensuring quality services for a reasonable price 10
ERA’s review
Ensuring quality services for a reasonable price 11
Market Market ObjectivesObjectives
Ensuring quality services for a reasonable price 12
Specific requirements for report
Ensuring quality services for a reasonable price 13
Elements of Elements of Market required Market required to be reviewedto be reviewed
Performance of “new” Balancing and LFAS markets
Bidding behaviour
SRMC requirements
Constraint payments
Ensuring quality services for a reasonable price 14
Considerations Considerations from 2013 from 2013
Report to the Report to the MinisterMinister
Matters flagged for further review:
Your ViewsYour Views
Ensuring quality services for a reasonable price 16
BreakBreak Return for:2014 Review of EGRC Regulatory Scheme
Ensuring quality services for a reasonable price 17
First annual review of EGRC Regulatory Scheme.
Ensuring quality services for a reasonable price 18
2014 Review of 2014 Review of EGRC Regulatory EGRC Regulatory
SchemeScheme
Ensuring quality services for a reasonable price 19
The EGRC The EGRC Regulatory Regulatory
SchemeScheme
Ensuring quality services for a reasonable price 20
ERA’s requirements
Ensuring quality services for a reasonable price 21
Aims of EGRC Aims of EGRC Regulatory Regulatory
SchemeScheme
Ensuring quality services for a reasonable price 22
Components of Components of SchemeScheme
Ensuring quality services for a reasonable price 23
How to assess?How to assess?
Your ViewsYour Views
Ensuring quality services for a reasonable price 24
Level 4, Albert Facey House
469 Wellington Street
Perth WA 6000
www.erawa.com.au
(08) 6557 7900
Ensuring quality services for a reasonable price 25
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