Strong and enduring energy policy, focused on delivering the services the system needs, and supporting the needs of households and businesses, is critical to drive confidence and encourage investment and productivity gains given the central role of energy supply to economic activity.
The National Electricity Market wholesale market settings review panel has consulted widely and openly on the best way forward and what reforms might be needed. Its detailed work on the back of that process comes at a critical juncture and is vitally important to the shape of the energy market following the conclusion of the Capacity Investment Scheme. This review has provided an opportunity to develop market signals that will allow the energy industry and consumers to take the energy transition forward.
