Submission on AEMO ISP Methodology Consultation (2024)
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22 November 2024
To: The Australian Energy Market Operator (AEMO)
Re: Submission on AEMO ISP Methodology Consultation (2024)
Thank you for the opportunity to provide input on draft updates to the 2026 ISP methodology.
IEEFA is an independent energy finance think tank that examines issues related to energy markets, trends and policies. The Institute’s mission is to accelerate the transition to a diverse, sustainable and profitable energy economy.
We acknowledge that in this consultation, AEMO has presented one of the most significant batch of proposed updates to the ISP methodology since its inception.
We support numerous elements of AEMO’s proposed updates. However, in our view, further improvements are necessary to align with the recommendations in Energy Ministers’ response to the ISP review, and to ensure the greatest value is achieved from these methodology updates.
IEEFA reaffirms the need for deeper updates to the ISP methodology to allow for the optimisation of both demand- and supply-side solutions, as has also been acknowledged by Energy Ministers.
We have also made several recommendations to improve AEMO’s proposal to integrate gas into the ISP, and have provided a response to selected consultation questions.
Our detailed comments are provided in the following pages. Please do not hesitate to contact us to discuss any of the matters raised in this submission.
Kind regards,
Jay Gordon – Energy Finance Analyst, Australian Electricity
