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2011 Minister's Report

In 2011 we reviewed the first five years of the Wholesale Electricity Market (WEM) in operation. We noted that the volume of trading in the Short Term Energy Market (STEM) is at its highest level since market commencement and average STEM prices are at their lowest levels. The price for capacity has fluctuated over time, but has recently been reduced by one third. There has also been greater competition in the market, particularly in the generation sector but was concerned about the possible re-merger of Verve Energy and Synergy, climate change policy, demand side management with Western Power, the effectiveness of the outage planning process and the rule change process and the market for bilateral contracts and their influences on market outcomes.

Our discussion paper was published in October 2011 and we received eight submissions from the public. Our report was delivered to the Minister for Energy and published on our website in May 2012.

Papers

Date Documents
File type
14-May-12 2011 Report for the Minister for Energy Adobe PDF 3 MB
25-Oct-11 Discussion paper Adobe PDF 450 kB

Public submissions

Date Documents
File type
22-Dec-11 Energy Supply Association of Australia - 2011 discussion paper submission Adobe PDF37 kB
22-Dec-11 ERM Power Pty Ltd - 2011 discussion paper submission
Adobe PDF77 kB
22-Dec-11 Sustainable Energy Association of Australia - 2011 discussion paper submission
Adobe PDF475 kB
06-Dec-11 Alinta Energy - 2011 discussion paper submission
Adobe PDF 1 MB
30-Nov-11 Landfill Gas and Power - 2011 discussion paper submission
Adobe PDF2 MB
28-Nov-11 Synergy - 2011 discussion paper submission
Adobe PDF129 kB
28-Nov-11
System Management - 2011 discussion paper submission
Adobe PDF 1 MB
28-Nov-11
Western Power - 2011 discussion paper submission
Adobe PDF 2 MB