AEMO commenced a consultation on the ISP methodology on 1 February 2021. This methodology included the cost benefit analysis and modelling methodology for the 2022 ISP.
AEMO followed the requirements of the Australian Energy Regulator’s Forecasting Best Practice Guidelines and Cost Benefit Analysis Guidelines in developing the ISP Methodology. This included providing a transparent process, supporting and working with stakeholders in their understanding of AEMO’s analysis, methodologies and data, and providing additional information to complement the formal documentation.
There were two rounds of formal stakeholder consultation, with workshops, meetings and briefings as required, and the process concluded on 30 July 2021.
The following documents describe the ISP Methodology and summarise feedback from the Draft ISP Methodology consultation.
Details of the ISP Methodology consultation can be accessed below.