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2008 Minister's Report

In our 2008 assessment of the Wholesale Electricity Market (WEM) we noted that:

  • new participants had entered the market, resulting in the share of generation capacity provided by Verve Energy was estimated to fall from around 77 per cent in 2007/08 to 61 per cent by 2009/10 and 60 per cent in 2010/11
  • the market attracted strong interest from investors in new generation with 699 MW of new generation capacity in service and over 1,100 MW of additional independent generation under construction
  • entry of new generation facilities operated by Market Participants other than Verve Energy introduced a broader range of Market Participants scheduling bilateral quantities and participating in the short term energy market (STEM)
  • outcomes in the market indicate that, at least until the Varanus Island incident, prices had tended to decline and become less volatile in both the STEM and the balancing market
  • prices in the STEM and the balancing market have provided useful signals to Market Participants, with prices responding to scarcity in the market

Our discussion paper was published in June 2008 and we received 12 submissions from the public. Our report was delivered to the Minister for Energy and published on our website in December 2008.

Papers

Date Documents
File type
18-Dec-08
2008 Report for the Minister for Energy
Adobe PDF2 MB
06-Jun-08
Discussion paper
Adobe PDF364 kB

Public submissions

Date Documents
File type
18-Aug-08
SkyFarming Pty Ltd - 2008 discussion paper submission
Adobe PDF118 kB
18-Aug-08
Verve Energy - 2008 discussion paper submission
Adobe PDF  43 kB
11-Aug-08
Energy Supply Association of Australia- 2008 discussion paper submission
Adobe PDF  263 kB
11-Aug-08
Independent Market Operator - 2008 discussion paper submission
Adobe PDF  2 MB
11-Aug-08
Landfill Gas and Power - 2008 discussion paper submission
Adobe PDF  3 MB
31-Jul-08
DomGas Alliance - 2008 discussion paper submission
Adobe PDF  1 MB
30-Jul-08
Alinta - 2008 discussion paper submission
Adobe PDF  866 kB
30-Jul-08
Chamber of Commerce and Industry - 2008 discussion paper submission
Adobe PDF  685 kB
30-Jul-08
Griffin Energy - 2008 discussion paper submission
Adobe PDF  201 kB 
30-Jul-08
Synergy - 2008 discussion paper submission
Adobe PDF800 kB
30-Jul-08
System Management - 2008 discussion paper submission
Adobe PDF  519 kB 
30-Jul-08
Western Power - 2008 discussion paper submission
Adobe PDF  89 kB