AEMO has been tasked with updating market procedures, updating market systems, and facilitating a transition to the new arrangements on 1 July 2021. In order to achieve this, AEMO is developing a work plan that details the key activities that it will undertake with industry, including the major tasks, deliverables and timeframes that are required to successfully implement 5MS and GS rule changes.
Industry program management
Coordination between AEMO’s program and the program management within each participant will be critical to ensuring that activities are planned effectively, and issues and risks are identified and managed in a timely manner.
To support this, AEMO is establishing two program-level forums with the industry:
- Program Consultative Forum (PCF) – this is the primary program coordination and communication between AEMO and industry program teams.
- Executive Forum (EF) – this forum will provide the appropriate level of executive oversight and escalation of issues and concerns.
Program actions log
The 5MS Program Action Log captures the actions that come out of the 5MS Working Groups. It is refreshed at least on a monthly basis to provide stakeholders with the current status of the actions.
For further information
Please direct any queries regarding Five-Minute Settlement (5MS) to email@example.com.