2022 Forecasting Assumptions Update

13/04/2022
Market National Electricity Market
StageFinal Report
ConvenorAEMO NEM
Initiated20/12/2021
Accepting submissions?Yes

Consultation timeline

  • Publication of the draft Forecasting Assumptions Update and call for stakeholder submissions
    20 December 2021
  • Submissions due on draft Forecasting Assumptions Update
    4 February 2022
  • Consultation Summary Report published
    13 April 2022
  • Publication of the final Forecasting Assumptions Update
    August 2022

Matter under consultation

AEMO delivers a range of forecasting and planning publications for the National Electricity Market (NEM). This consultation relates to the information related to updated assumptions to apply in the Reliability Forecast for the NEM, prepared in accordance with the Australian Energy Regulator's Forecasting Best Practice Guidelines (FBPG).

AEMO has prepared this draft 2022 Forecasting Assumptions Update (Assumptions Update) report, and an accompanying Assumptions Workbook which contains the updated data. This report complements the 2021 Inputs, Assumptions and Scenarios Report (IASR), finalised in July 2021.

This draft Assumptions Update uses the latest information available to update assumptions specifically relevant to near-term supply adequacy assessments for the 2022 Electricity Statement of Opportunities (ESOO) and the 2022 Gas Statement of Opportunities (GSOO).

The minor updates being consulted upon include (but are not limited to):

  • Updated gas prices
  • Updated technology costs

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