Submission: Climate Change Authority Special Review on power system security, electricity prices and emission reductions
The Australia Institute made a submission to the Climate Change Authority / Australian Energy Market Commission Special Review on power system security, electricity prices and emission reductions.
We argued that regulatory reforms that make the energy market more flexible can solve the ‘energy trilemma’: simultaneously lowering prices, increasing security and lowering emissions.
We propose support for the Five Minute Settlement rule change that is currently before the Australian Energy Market Commission. We also propose policy reform to support 'virtual power plants' and aggregated demand reduction specifically.