24 December 2020
The Australian Energy Regulator has approved a request from the energy market operator to ‘trigger’ the Retailer Reliability Obligation for the first time, as market regulators act to fill a forecast supply gap following left by the closure of the Liddell power station in 2024.
In its most recent Electricity Statement of Opportunities report, the Australian Energy Market Operator (AEMO) said that it had identified a predicted capacity shortfall of 154MW in New South Wales in early 2024, and had issued a request to activate the Retailer Reliability Obligation (RRO), which will require electricity retailers to ensure they have sufficient contractual arrangements in place to maintain reliable supplies of electricity.