Retailer reliability obligation - Interim forecasting best practice guideline

Sector: 
Segment: 
Category: 
Retailer Reliability Obligation
Status: 
Date initiated: 
23 May 2019
Effective date: 
20 September 2019
Contact: 
General enquiries - Retailer Reliability Obligation RRO@aer.gov.au
AER reference: 
64872

Overview

The Australian Energy Regulator (AER) is supporting improving reliability in the NEM by implementing the Retailer Reliability Obligation (RRO) alongside the Energy Security Board (ESB).

The ESB was tasked to develop the National Electricity Rules (the Rules) necessary to implement the Obligation. The final Rules came in to effect on 1 July 2019.

As set out in the Rules, the AER is responsible for developing a number of Guidelines on certain aspects of the RRO.

Interim Forecasting Best Practice Guideline

As set out in transitional Rule 11.116.3, the AER must create interim Forecasting Best Practice Guidelines. The guideline enables the AER to effectively discharge its responsibility with regard to the RRO, provides Australian Energy Market Operator (AEMO) with guidance and direction in developing its Reliability Forecast Guidelines and on the preparation of its forecasts, and provides confidence to market participants concerning the quality and transparency of reliability forecasts and the supporting process conducted by AEMO.

On 20 September 2019 we published the Interim Forecasting Best Practice Guidelines and final determination document.