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2008 Interpretation of Short Run Marginal Cost

The ERA observes the behaviour of participants in the competitive Balancing Market and Load Following Ancillary Services Market, as well as in the Short Term Energy Market. The behaviour of participants is actively monitored by the ERA, in conjunction with the Australian Energy Market Operator, to ensure generators offer their electricity at prices that reflect their expected Short Run Marginal Cost (SRMC) of generation.

As SRMC was not defined in the Market Rules, in 2008 the ERA prepared the following documents to provide a workable description of the concept.

ERA Papers

Showing 5 results.
  
    
Date Documents File type
23-Dec-09 Short run marginal cost - simplified paper
Adobe PDF 29 kB

Description: (Competition, Markets & Electricity Division) Markets>Wholesale Electricity Market Surveillance>Short Run Marginal Cost
06-Mar-08 Economic Regulation Authority Presentation - Short Run Marginal Cost Forum - 26 February 2008
Adobe PDF 506 kB

Description: (Competition, Markets & Electricity Division) Markets>Wholesale Electricity Market Surveillance>Short Run Marginal Cost
06-Mar-08 Independent Market Operator Presentation - Short Run Marginal Cost Forum - 26 February 2008
Adobe PDF 66 kB

Description: (Competition, Markets & Electricity Division) Markets>Wholesale Electricity Market Surveillance>Short Run Marginal Cost
11-Jan-08 Short run marginal cost - discussion paper
Adobe PDF 145 kB

Description: (Competition, Markets & Electricity Division) Markets>Wholesale Electricity Market Surveillance>Short Run Marginal Cost
11-Jan-08 Short run marginal cost - technical paper
Adobe PDF 557 kB

Description: (Competition, Markets & Electricity Division) Markets>Wholesale Electricity Market Surveillance>Short Run Marginal Cost

Public submissions received in response to discussion paper

Showing 3 results.
  
    
Date Documents File type
07-Mar-08 Alinta Sales Pty Ltd - public submission
Adobe PDF 32 kB

Description: (Competition, Markets & Electricity Division) Markets>Wholesale Electricity Market Surveillance>Short Run Marginal Cost
07-Mar-08 Synergy - public submission
Adobe PDF 1 MB

Description: (Competition, Markets & Electricity Division) Markets>Wholesale Electricity Market Surveillance>Short Run Marginal Cost
07-Mar-08 Verve Energy - public submission
Adobe PDF 1 MB

Description: (Competition, Markets & Electricity Division) Markets>Wholesale Electricity Market Surveillance>Short Run Marginal Cost
Page last updated: 04 Dec 2018