In our 2009 assessment of the Wholesale Electricity Market (WEM) we noted that:
- the WEM generally operated effectively since commencement, which was demonstrated by increased competition in both the generation and retail sectors
- a range of issues affecting the WEM can be dealt with through existing frameworks, however, there are a number of market design, regulatory and structural issues affecting the WEM that require high level input from policy makers and
- processes need to be put in place for laying out a strategy for the future development of the WEM
Our discussion paper was published in June 2009 and we received 11 submissions from the public. Our report was delivered to the Minister for Energy and published on our website in April 2010.