Forecasting Reference Group discussion of draft report27 October 2021
Forecast Accuracy Report and draft Improvement Plan published22 November 2021
Submissions due on Forecast Improvement Plan22 December 2021
Final Forecast Improvement Plan published4 February 2022
The publication of the 2021 Forecast Accuracy Report (FAR) marked the commencement of AEMO’s Forecast Improvement Plan consultation.
The Forecast Accuracy Report is for the purposes of clause 3.13.3A(h) of the National Electricity Rules and has been prepared consistent with AEMO's Reliability Forecast Guidelines and Forecast Accuracy Reporting Methodology for forecast improvements and accuracy. It reports on the accuracy of demand and supply forecasts in the 2020 Electricity Statement of Opportunities (ESOO) for each region in the National Electricity Market (NEM). Based on these observations, AEMO proposed a number of forecast improvements.
AEMO used the consultation process outlined in Appendix B of the Forecasting Best Practice Guidelines.