Reserve Energy scheme
The Crown’s transfer of ownership of the Whirinaki generating station is in accordance with the recommendations of the 2009 Ministerial Review of Electricity Market Performance. Under the Reserve Generation Capacity Agreement, the former Electricity Commission and latterly the Authority were required to offer diesel-fired generation from Whirinaki into the wholesale electricity market as a security of supply measure in times of shortage.
Since its establishment a little over a year ago, the Authority has introduced a number of measures, including customer compensation, scarcity pricing and stress testing, to enhance market incentives for efficient management of tight supply situations. The key initiatives are outlined at:
More information on these market improvements is provided on Scarcity pricing, stress testing & consumer compensation webpage.
Information relating to Whirinaki and the Reserve Energy Scheme has been archived. To access this material contact [javascript protected email address].
This page is related to: Security of supply.