Now, WA is investigating whether changes to its current wholesale market design are warranted to promote more efficient use of electricity, and production and investment in electricity generation – the Electricity Market Review. 2) examine how well the south-west interconnected system (SWIS) of WA satisfies those conditions, compared to the National Electricity Market operating on the east-coast of Australia; and outline the possible implications for WA, should an energy-only market design be adopted. – sufficient public information to allow for independent forecasting of market conditions.
This reflected in part the challenge of making a purer market-based design work in WA, where incentives for investment in generation capacity are created only through the wholesale electricity price equating supply with demand over each market price settlement period – a so called‘energy-only market’.
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