The Wholesale Electricity Market Rules requires the ERA to conduct a review of the methodology for setting the Maximum Reserve Capacity Price and the Energy Price Limits on each fifth anniversary of the first Reserve Capacity Cycle.
The ERA completed its first review of the methodology for setting the Maximum Reserve Capacity Price and Energy Price Limits and provided its report to the Minister for Energy on 1 October 2013.
The timing of the ERA’s next review of the methodology for setting the Maximum Reserve Capacity Price and Energy Price Limits will be determined through the State Government’s Energy Transformation Strategy.
