AEMO commenced a consultation on the ISP methodology on 1 February 2021. This methodology will include the cost benefit analysis and modelling methodology for the 2022 ISP.
AEMO will follow the requirements of the Australian Energy Regulator’s Forecasting Best Practice Guidelines and Cost Benefit Analysis Guidelines in developing the ISP Methodology. This includes 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 will be two rounds of formal stakeholder consultation, with workshops, meetings and briefings as required, and the process will conclude by 30 July 2021.
The first round began on 1 February 2021 with the publication of an Issues Paper that provides:
- An overview of existing methodologies.
- Areas where AEMO is looking to enhance existing methodologies or introduce new methodologies.
Details of the consultation can be accessed below.