2024 Electricity Demand Forecasting Methodology Consultation

29/11/2024
Market National Electricity Market
StageDiscussion Paper
ConvenorAEMO NEM
Initiated26/07/2024
Accepting submissions?No

Consultation process

  • Notice of first stage consultation and Consultation Paper published
    26 July 2024
  • Forecasting Reference Group Presentation
    31 July 2024
  • First stage submissions closed
    23 August 2024
  • Draft Determination & Notice of second stage consultation published
    28 November 2024
  • Submissions due on draft report
    17 January 2025
  • Final Determination published
    March 2025

Matters under consultation

The Electricity demand forecasting methodology and the forecasts it produces are key inputs into AEMO’s reliability processes, including the Electricity Statement of Opportunities (ESOO). Given the importance of the reliability forecast in potentially triggering obligations under the Retailer Reliability Obligation (RRO), AEMO strives to engage with all relevant stakeholders, to ensure the methodologies used for each component of the forecast reflect stakeholder feedback and insights.

The electricity demand forecasting methodology is a component of AEMO’s Forecasting Approach and was last consulted on in 2021.This consultation addresses AEMO’s requirements to review each component of its Forecasting Approach at least once every four years.

AEMO’s indicative process and timeline for this consultation are outlined below. Future dates may be adjusted and additional steps may be included if necessary, as the consultation progresses.

Consultation submissions on the draft Electricity Demand Forecasting Methodology are due in PDF format to energy.forecasting@aemo.com.au by 17 January 2025. Please note that submissions will be published, other than confidential material, as per AEMO’s Consultation submission guidelines.

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