The Coordinator of Energy (Coordinator) is conducting a review of the Benchmark Technologies to be used in determining the Peak and Flexible Benchmark Reserve Capacity Prices (BRCPs).
The Coordinator must determine the Benchmark Technologies within six months of a revised Electricity Storage Resource Duration Requirement (ESRDR) being published in AEMO’s Electricity Statement of Opportunities (ESOO).
AEMO’s 2026 ESOO was published on 23 June and included an ESRDR of 7 hours, an increase from the previous ESRDR of 6 hours.
The Coordinator must complete this review by October 2026, to allow for the Economic Regulation Authority (ERA) to amend and consult on its BRCP methodology and the BRCPs for the 2029/30 Capacity Year.
The review will include determination of:
- The Benchmark Peak Technology
- The Benchmark Flexible Technology
The following will be assessed for both:
- Determining which technology represents the lowest annual capital cost and annual fixed operating and maintenance costs
- Whether gross costs of new entry (CONE) or net CONE should apply.
This Review will be conducted in consultation with the Market Advisory Committee’s WEM Investment Certainty Review Working Group.
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