When to consume or store limited hydro energy. When to operate demand management such as remotely controllable domestic water heating. Expectations of likely spot-time prices and conditions, based for example on centrally provided projections and other information. To promote new investment in generation or demand side management of the right type at the appropriate time, the market design includes features and arrangements to facilitate investment. These features range from information dissemination to purchase of reserve capacity.
Some features are transitional and are designed to assist the market towards maturity.
Grid Connection and Access. The States and Territory will pursue appropriate legislative changes to establish NECA and agree to develop effective governance and accountability arrangements for its administration and operation. The Code will be endorsed by Governments and submitted to the Australian Competition and Consumers Commission for authorisation. Participants will be bound to observe the Code as a condition of membership. Regional System Operators.