AEMC releases Power of Choice Review Draft Report
The Australian Energy Market Commission (AEMC) today called for comment on a draft report proposing new ways for consumers to control their use of electricity and manage their bills.
The draft report released by the Power of Choice review includes proposals for change to every part of the electricity supply chain – enabling greater demand-side participation in the National Electricity Market (NEM) to help minimise costs of supply. The draft report also identifies ways to give consumers the information, education, incentives and tools they need to manage their electricity use.
As part of the review, Frontier (Australia) developed a user friendly model to assess the impacts of alternate time varying tariff structures and consumption patterns on consumer bills. This model was used to conduct an initial analysis of the relative merit of different tariff structures and the opportunity each provides for demand-side participation. Frontier’s model and accompanying report is available on the AEMC website.
For more information, please contact Marita O’Keeffe at firstname.lastname@example.org or call on +61 (0)3 9620 4488.