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Wholesale Electricity Market Effectiveness Report 2007/08

In our 2008 assessment of the Wholesale Electricity Market, the ERA noted that:

  • New participants had entered the market, which was expected to result in an estimated fall in the share of generation capacity provided by Verve Energy 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.
  • The entry of new generation facilities operated by Market Participants other than Verve Energy introduced a broader range of participants scheduling bilateral quantities and participating in the short term energy market.
  • Outcomes in the market indicated that, at least until the Varanus Island incident, prices had tended to decline and become less volatile in both the short term and balancing markets.
  • Prices in the short term and balancing markets had 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.

ERA Papers

Showing 2 results.
  
    
Date Documents File type
18-Dec-08 2008 Annual Wholesale Electricity Market Report for the Minister for Energy
Adobe PDF 2 MB

Description: (Competition, Markets & Electricity Division) Markets>Wholesale Electricity Market Surveillance>Annual Wholesale Electricity Market Report to the Minister for Energy
06-Jun-08 Discussion Paper - Annual Wholesale Electricity Market Report to the Minister for Energy
Adobe PDF 364 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 12 results.
  
    
Date Documents File type
18-Aug-08 Public Submission - SkyFarming Pty Ltd
Adobe PDF 118 kB

Description: (Competition, Markets & Electricity) Markets>Wholesale Electricity Market Surveillance>Wholesale Electricity Market Report to the Minister for Energy
18-Aug-08 Public Submission - Verve Energy
Adobe PDF 43 kB

Description: (Competition, Markets & Electricity) Markets>Wholesale Electricity Market Surveillance>Wholesale Electricity Market Report to the Minister for Energy
11-Aug-08 Public Submission - Energy Supply Association of Australia
Adobe PDF 263 kB

Description: (Competition, Markets & Electricity) Markets>Wholesale Electricity Market Surveillance>Wholesale Electricity Market Report to the Minister for Energy
11-Aug-08 Public Submission - Independent Market Operator
Adobe PDF 2 MB

Description: (Competition, Markets & Electricity) Markets>Wholesale Electricity Market Surveillance>Wholesale Electricity Market Report to the Minister for Energy
11-Aug-08 Public Submission - Landfill Gas and Power
Adobe PDF 3 MB

Description: (Competition, Markets & Electricity) Markets>Wholesale Electricity Market Surveillance>Wholesale Electricity Market Report to the Minister for Energy
31-Jul-08 Public Submission - DomGas Alliance
Adobe PDF 1 MB

Description: (Competition, Markets & Electricity) Markets>Wholesale Electricity Market Surveillance>Wholesale Electricity Market Report to the Minister for Energy
30-Jul-08 Public Submission - Alinta
Adobe PDF 866 kB

Description: (Competition, Markets & Electricity) Markets>Wholesale Electricity Market Surveillance>Wholesale Electricity Market Report to the Minister for Energy
30-Jul-08 Public Submission - Chamber of Commerce and Industry
Adobe PDF 685 kB

Description: (Competition, Markets & Electricity) Markets>Wholesale Electricity Market Surveillance>Wholesale Electricity Market Report to the Minister for Energy
30-Jul-08 Public Submission - Griffin Energy
Adobe PDF 201 kB

Description: (Competition, Markets & Electricity) Markets>Wholesale Electricity Market Surveillance>Wholesale Electricity Market Report to the Minister for Energy
30-Jul-08 Public Submission - Synergy
Adobe PDF 800 kB

Description: (Competition, Markets & Electricity) Markets>Wholesale Electricity Market Surveillance>Wholesale Electricity Market Report to the Minister for Energy
30-Jul-08 Public Submission - System Management
Adobe PDF 519 kB

Description: (Competition, Markets & Electricity) Markets>Wholesale Electricity Market Surveillance>Wholesale Electricity Market Report to the Minister for Energy
30-Jul-08 Public Submission - Western Power
Adobe PDF 89 kB

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