The Economic Regulation Authority is undertaking a review of the procedure used to determine the Benchmark Reserve Capacity Price (BRCP) under clause 4.16.9 of the Wholesale Electricity Market (WEM) Rules.
On 23 November 2023, the Market Advisory Committee (MAC) established the BRCP WEM Procedure Review Working Group to support the ERA’s review.
The ERA will provide administrative support and appoint the Chair of BRCP WEM Procedure Review Working Group. All papers relating to the Working Group are published here.
The Chair of the BRCP WEM Procedure Review Working Group will have discretion to allow additional attendees, such as subject matter experts, to attend specific meetings or workshops, either generally or on a case-by-case basis.
On 13 June 2024, the MAC disbanded the BRCP WEM Procedure Review Working Group. The Working Group had concluding providing advice for the ERA’s review as per its terms of reference. All inactive MAC Working Groups are available on this Energy Policy WA webpage.
On 26 July 2024, the ERA published the procedure change report and WEM Procedure, concluding the procedure change process as required by WEM Rule 2.10.
The updated WEM Procedure will take effect on 1 August 2024 and is also available on the WEM Procedures page.
Meeting Dates
- 18 December 2023
- 6 February 2024
- 22 February 2024
- 19 April 2024
Working Group Papers
Working Group Members
