Given the complexity of WEM Reform and the need for continuous operations, a comprehensive market readiness program is mission critical to a successful transition to the new WEM.
Market readiness involves supporting market participants with preparatory activities to ensure a successful market cutover and commencement, and is detailed in two high-level strategy documents (with subordinate artifacts beneath them)
Market Readiness Engagement and Reporting Strategy: Sets out how Market Readiness is to be measured, progress against the Market go-live will be regularly reported and how stakeholders will understand how they will be engaged during the readiness process. The current version of the Market Readiness Engagement and Reporting Strategy is available here.
Industry Testing & Transition Strategy: covers the following key elements:
Industry Testing, including Market Participant Test, Coordinated Market Trial and industry testing during the Transition Period
Transition activities - AEMO's training and assurance activities in the final three months prior to Go Live
Cutover planning; and
The Go-Live Decision
AEMO will continue to consult with industry to establish and maintain the key elements of our Market Readiness approach.