Forecasting Accuracy Reporting

AEMO is required under clause 3.13.3A(h) of the National Electricity Rules to prepare and publish information related to the accuracy of its inputs, demand and supply forecasts, and improvements that will apply to the next Electricity Statement of Opportunities. To meet these requirements, AEMO publishes a forecast accuracy report at least annually. Since 2019, AEMO has been inviting stakeholders to submit written feedback on any issues related to the improvement plan outlined in the report.

The latest report can be found below. Its predecessors can be found in the Archive folder.

The latest consultation on the Forecast Improvement Plan can be found below.

Forecast Accuracy Methodology

AEMO engaged the University of Adelaide to review the Forecast Accuracy Report Methodology in 2023 and updated it in October 2024 following the two-stage consultation.

The University of Adelaide’s review results and recommendations are provided in the 2023 Review of Forecast Accuracy Metrics report below. The updated Forecast Accuracy Report Methodology can be found below.