Benchmark Reserve Capacity Price archive

The Maximum Reserve Capacity Price reports and submissions are provided below for the Capacity Years from 2008-09 to 2018-19.

These reports are published in accordance with Market Rules 4.16.6 and 4.16.7.

2016 Benchmark Reserve Capacity Price (for 2018-19)

For the 2018–19 Capacity Year, AEMO proposed a final revised value for the Benchmark Reserve Capacity Price (BRCP) of $159,800 per MW per year to the ERA.

This value was approved by the ERA on 8 March 2016 in accordance with clause 2.26 of the Market Rules. The BRCP of $159,800 per MW per year will be effective from 1 October 2018 to 1 October 2019.

RELATED DOCUMENTS

2015 Benchmark Reserve Capacity Price (for 2017–18)

For the 2017–18 capacity year, the IMO proposed a final revised value for the maximum reserve capacity price of $164,800 per MW per year to the ERA.

This value was approved by the ERA on 30 January 2015 in accordance with clause 2.26 of the Market Rules. The benchmark reserve capacity price of $164,800 per MW per year will be effective from 1 October 2017 to 1 October 2018.

RELATED DOCUMENTS

2014 Maximum Reserve Capacity Price (for 2016-17)

For the 2016-17 Capacity Year, the IMO proposed a final revised value for the Maximum Reserve Capacity Price of $176,800 per MW per year to the Economic Regulation Authority (ERA).

This value was approved by the ERA on 30 January 2014 in accordance with clause 2.26 of the Market Rules. The Maximum Reserve Capacity Price of $176,800 per MW per year will be effective from 1 October 2017 to 1 October 2018.

RELATED DOCUMENTS

2013 Maximum Reserve Capacity Price (for 2015/16)

For the 2015/16 Capacity Year, the IMO proposed a final revised value for the Maximum Reserve Capacity Price of $157,000 per MW per year to the ERA.

The ERA provided notification to the IMO on 29 January 2013 that it had approved this revised Maximum Reserve Capacity Price in accordance with clause 2.26.1 of the Market Rules.

The Maximum Reserve Capacity Price of $157,000 per MW per year will be effective from 1 October 2015 through to 1 October 2016.

RELATED DOCUMENTS
 
 
2012 Maximum Reserve Capacity Price (for 2014/15)
 

For the 2014/15 Capacity Year, the IMO proposed a final revised value for the Maximum Reserve Capacity Price of $163,900 per MW per year to the ERA.

This value was approved by the ERA on 27 February 2012 in accordance with clause 2.26 of the Market Rules.

The Maximum Reserve Capacity Price of $163,900 per MW per year will be effective from 1 October 2014 through to 1 October 2015.

Copies of the relevant documents can be found below.

Final Report

Draft Report

Applicable Documents

Documents related to stakeholder workshop - WACC (4 Jan 2012)

Submissions received during the consultation period

Alinta [3.9MB]

EnerNOC [1.8MB]

ERM Power [369kB]

Griffin Power [107kB]

Merredin Energy [486kB]

Perth Energy [247kB]

 
 
2011 Maximum Reserve Capacity Price (for 2013/14)
 

For the 2013/14 Capacity Year, the IMO proposed a final revised value for the Maximum Reserve Capacity Price of $240,600 per MW per year to the ERA. This value was approved by the ERA on 28 January 2011 in accordance with clause 2.26 of the Market Rules. The Maximum Reserve Capacity Price of $240,600 per MW per year will be effective from 1 October 2013 to 1 October 2014.

Copies of the various relevant documents can be found below.

Final Report

Draft Report

Applicable Documents

The following submissions were received by the IMO during the consultation period:

 
 
2010 Maximum Reserve Capacity Price (for 2012/13)
 

For the 2012/13 Capacity Year, the IMO proposed a final revised value for the Maximum Reserve Capacity Price of $238,500 per MW per year to the ERA. This value was approved by the ERA on 29 January 2010 in accordance with clause 2.26 of the Market Rules. The Maximum Reserve Capacity Price of $238,500 per MW per year will be effective from 1 October 2012 to 1 October 2013.

Copies of the various relevant documents can be found below.

Final Report

Draft Report

Applicable Documents

The following submissions were received by the IMO:

 
 
2009 Maximum Reserve Capacity Price (for 2011/12)
 

For the 2011/12 Capacity Year, the IMO proposed a final revised value for the Maximum Reserve Capacity Price of $164,100 per MW per year to the ERA. This value was approved by the ERA on 19 January 2009 in accordance with clause 2.26 of the Market Rules. The Maximum Reserve Capacity Price of $164,100.00 per MW per year will be effective from 1 October 2011 to 1 October 2012.

Copies of the various relevant documents can be found below.

Final Report

Draft Report

Applicable Documents

The following submissions were received by the IMO:

 
 
2008 Maximum Reserve Capacity Price (for 2010/11)
 

For the 2010/11 Capacity Year, the IMO proposed a final revised value for the Maximum Reserve Capacity Price of $173,400.00 per MW per year to the ERA. This value was approved by the ERA on 15 January 2007 in accordance with clause 2.26 of the Market Rules. The Maximum Reserve Capacity Price of $173,400.00 per MW per year is effective from 1 October 2010 to 1 October 2011.

Copies of the various relevant documents can be found below.

Final Report

Draft Report

Applicable Documents

The following submissions were received by the IMO:

 
 
2007 Maximum Reserve Capacity Price (for 2009/10)
 

For the 2009/10 Capacity Year, the IMO proposed a final revised value for the Maximum Reserve Capacity Price of $142,200 per MW per year to the ERA. This value was approved by the ERA on 30 January 2007 in accordance with clause 2.26 of the Market Rules. The Maximum Reserve Capacity Price of $142,200 per MW per year was effective from 1 October 2009 to 1 October 2010.

Copies of the various relevant documents can be found below.

Final Report

Draft Report

Applicable Documents

The following submissions were received by the IMO:

 
 
2006 Maximum Reserve Capacity Price (for 2008/09)
 

In 2005/06, the IMO completed a review of the Maximum Reserve Capacity Price for the period between 1 October 2008 and 1 October 2009. Following the review process and public consultation, a final revised Maximum Reserve Capacity Price of $122,500 per MW per year was proposed to the Economic Regulation Authority. This value was accepted by the ERA on 23 January 2006.

Copies of the various relevant documents can be found below.

Final Report

Draft Report

Applicable Documents

ERA Approval [43kB]

 
 

Changes to the Reserve Capacity Pricing Mechanism

On 18 August 2006, the Minister for Energy approved a change to the Market Rules whereby the Reserve Capacity Price will be reduced in proportion to any excess of credits acquired by the IMO. This applies from 1 October 2008. Details of the change can be found below.

X
Cookies help us improve your website experience.
By using our website, you agree to our use of cookies.
Confirm