Skip to content

Wholesale Electricity Market Effectiveness Report 2006/07

The ERA began our first review of the Wholesale Electricity Market in 2007, a little under a year after the Market came into operation. We reviewed a range of market data and analysis provided by the Independent Market Operator.

The ERA noted that:

  • Since the Wholesale Electricity Market commenced, new participants had entered the market, which was expected to reduce the share of capacity iprovided by Verve Energy from around 90 per cent to around 60 per cent over the years to 2009/10.
  • Despite Verve Energy accounting for the overwhelming majority of capacity, other Market Participants had been active in the short term energy market since commencement of the Wholesale Electricity Market.
  • With the entry of new generation facilities operated by Market Participants other than Verve Energy over the next few years, there was expected to be a broader range of Market Participants scheduling bilateral quantities and participating in the short term energy market.
  • Outcomes indicated that prices tended to decline and become less volatile in both the short term and balancing markets.
  • Outcomes indicated that prices in the short term and balancing markets had provided useful signals to Market Participants, with prices responding to scarcity in the market.

The 2007 review also included the first triennial review of whether the Market was achieving the objectives set out in the Electricity Industry Act 2004.

Our discussion paper was published in August 2007 and we received 12 submissions from the public. Our report was delivered to the Minister for Energy where it was tabled in Parliament on 19 March 2008.

ERA Papers

Showing 2 results.
  
    
Date Documents File type
19-Mar-08 2007 Annual Wholesale Electricity Market Report for the Minister for Energy
Adobe PDF 1 MB

Description: (Competition, Markets & Electricity Division) Markets>Wholesale Electricity Market Surveillance>Annual Wholesale Electricity Market Report to the Minister for Energy
09-Aug-07 Discussion Paper - Annual Wholesale Electricity Market Report
Adobe PDF 288 kB

Description: (Competition, Markets & Electricity Division) Markets>Wholesale Electricity Market Surveillance>Annual Wholesale Electricity Market Report to the Minister for Energy

Public submissions received in response to discussion paper

Showing 13 results.
  
    
Date Documents File type
28-Nov-07 Public Submission - Perth Energy
Adobe PDF 184 kB

Description: (Competition, Markets & Electricity) Markets>Wholesale Electricity Market Surveillance>Wholesale Electricity Market Report to the Minister for Energy
26-Nov-07 Public Submission - Energy Supply Association of Australia
Adobe PDF 427 kB

Description: (Competition, Markets & Electricity) Markets>Wholesale Electricity Market Surveillance>Wholesale Electricity Market Report to the Minister for Energy
26-Nov-07 Public Submission - Independent Market Operator
Adobe PDF 1 MB

Description: (Competition, Markets & Electricity) Markets>Wholesale Electricity Market Surveillance>Wholesale Electricity Market Report to the Minister for Energy
14-Sep-07 Public Submission - Discussion Paper - Griffin Energy
Adobe PDF 81 kB

Description: (Competition, Markets & Electricity Division) Markets>Wholesale Electricity Market Surveillance>Annual Wholesale Electricity Market Report to the Minister for Energy
12-Sep-07 Public Submission - Discussion Paper - Independent Market Operator
Adobe PDF 347 kB

Description: (Competition, Markets & Electricity Division) Markets>Wholesale Electricity Market Surveillance>Annual Wholesale Electricity Market Report to the Minister for Energy
10-Sep-07 Public Submission - Discussion Paper - Alinta
Adobe PDF 628 kB

Description: (Competition, Markets & Electricity Division) Markets>Wholesale Electricity Market Surveillance>Annual Wholesale Electricity Market Report to the Minister for Energy
10-Sep-07 Public Submission - Discussion Paper - Chamber of Commerce and Industry
Adobe PDF 749 kB

Description: (Competition, Markets & Electricity Division) Markets>Wholesale Electricity Market Surveillance>Annual Wholesale Electricity Market Report to the Minister for Energy
10-Sep-07 Public Submission - Discussion Paper - Landfill Gas
Adobe PDF 888 kB

Description: (Competition, Markets & Electricity Division) Markets>Wholesale Electricity Market Surveillance>Annual Wholesale Electricity Market Report to the Minister for Energy
10-Sep-07 Public Submission - Discussion Paper - Office of Energy
Adobe PDF 23 kB

Description: (Competition, Markets & Electricity Division) Markets>Wholesale Electricity Market Surveillance>Annual Wholesale Electricity Market Report to the Minister for Energy
10-Sep-07 Public Submission - Discussion Paper - Synergy
Adobe PDF 334 kB

Description: (Competition, Markets & Electricity Division) Markets>Wholesale Electricity Market Surveillance>Annual Wholesale Electricity Market Report to the Minister for Energy
10-Sep-07 Public Submission - Discussion Paper - Verve Energy
Adobe PDF 1 MB

Description: (Competition, Markets & Electricity Division) Markets>Wholesale Electricity Market Surveillance>Annual Wholesale Electricity Market Report to the Minister for Energy
10-Sep-07 Public Submission - Discussion Paper - Wesfarmers
Adobe PDF 779 kB

Description: (Competition, Markets & Electricity Division) Markets>Wholesale Electricity Market Surveillance>Annual Wholesale Electricity Market Report to the Minister for Energy
10-Sep-07 Public Submission - Discussion Paper - Western Power
Adobe PDF 104 kB

Description: (Competition, Markets & Electricity Division) Markets>Wholesale Electricity Market Surveillance>Annual Wholesale Electricity Market Report to the Minister for Energy
Page last updated: 04 Dec 2018