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National Electricity Market
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Press Releases
Proposed change in capacity forecasts for National Electricity Market an important step towards accuracy
Data analysed by Cornwall Insight Australia, as part of our ongoing review of the National Electricity Market (NEM), has shown the capacity of the NEM is being drastically overestimated in the short-term and underestimated in the long-term. The delays experienced by new connections and the exclusion of projects that are...
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Press Releases
Incentives for off-peak charging of electric vehicles could ease stress on the grid
New data from Cornwall Insight Australia's EV uptake model shows that under an extreme scenario, 22 million electric vehicles (EVs) are expected to be part of the National Electricity Market (NEM) states’ fleet by 2052. The scenario is based on a high population and an EV penetration rate of 98%...
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Press Releases
Average power prices to remain elevated for the next three years
Data from Cornwall Insight Australia’s Benchmark Power Curve (BPC)1 has forecast that from 2026, power prices in a neutral/base scenario will be, on average, ~$60-$100/MWh across all states in the National Electricity Market (NEM). This aligns with ~$40-80/MWh levels seen during 2021. The BPC has, however, forecast that the annual...
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Press Releases
Energy prices across Australia to remain high until 2026
Research from Cornwall Insight Australia’s Benchmark Power Curve (BPC)1, which looks at power prices up until 2042, has forecast that all states in the National Electricity Market (NEM) will have an annual median price of around $200/MWh, up until FY2025. These high prices are expected to feed into bills over...
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Press Releases
National Electricity Market may be overwhelmed by increase in electric vehicle use
Data analysed by Cornwall Insight Australia has shown the National Electricity Market (NEM) may become overwhelmed by peaks in demand caused by the charging of Electric Vehicles (EVs). Using data from the 2022 Integrated System Plan released by the Australian Energy Market Operator (AEMO), Cornwall Insight Australia have plotted expected...
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Press Releases
Cornwall Insight Australia’s response to the suspension of the east coast National Electricity Market
On 15 June the Australian Energy Market Operator (AEMO) made the decision to suspend the east-coast National Electricity Market (NEM). This was triggered by sustained high wholesale electricity pricing, which forced AEMO to cap the wholesale price, in turn prompting generators to withdraw capacity from the market. The suspension allows...
