NEM Electricity Statement of Opportunities (ESOO)

2024 Electricity Statement of Opportunities

The Electricity Statement of Opportunities (ESOO) provides technical and market data for the National Electricity Market (NEM) over a 10-year period to inform the planning and decision-making of market participants, new investors, and jurisdictional bodies.

The NEM ESOO incorporates AEMO’s Reliability Forecast under the Retailer Reliability Obligations (RRO) and the Energy Adequacy Assessment Projection (EAAP).

On 3 September, AEMO held a webinar to present the 2024 ESOO and answer stakeholder questions. The recording from the webinar session is available here:

2024 ESOO webinar recording

To view demand forecasts per region, see:

Reliability Forecast, Guidelines and Methodologies

The Reliability Standard Implementation Guidelines describe how AEMO implements the reliability standard across its reliability processes, including the approach and assumptions in relation to the ESOO.

The ESOO and Reliability Forecast methodology document explains the types of inputs and key methodologies used to calculate expected USE outcomes and details how the reliability gap period and reliability gap are determined.

Based on the reliability gaps reported in the 2024 ESOO, AEMO is requesting the AER to consider making reliability instruments for New South Wales in 2027-28 and Victoria in 2027-28.

Further detail on AEMO’s Forecasting Approach is available here

2024 ESOO inputs and assumptions

For the purpose of the National Electricity Rules Clause 3.13.3A(a), in addition to the ESOO and accompanying documents published on this page, the following information should be considered part of the 2024 ESOO: