AEMO-NEM-DETAIL

East Australia 5-min electricity market.

Definition

AEMO NEM 5-min dispatch since October 2021 (from 30 to 5 min settlements). Bidding via NEMDE engine. ~250 participants. Communication via NEMNET (private network) and MMS (Market Management System) data. AER regulatory reporting. Power of Choice initiative and FCAS (Frequency Control Ancillary Services) markets for reserves.

Origin

AEMO NEM launched 13 December 1998 ; switch to 5-min settlements 1 October 2021.

Example in context

AGL Energy nominates 600 MW via NEMNET for AEMO NEM market ; dispatch every 5 min per resulting merit order.

Related terms

• ENTSO-E CIM — European twin.