Major review of the NEM

In this Energy Policy Institute of Australia (EPIA) public policy paper, Marsden Jacob energy specialist Cameron O’Reilly explores the impact of the Australian Government’s expert review of the National Electricity Market (NEM) settings – The Nelson Review – which was announced in November 2024.

As well as possible outcomes of the Nelson Review, which is designed to support ongoing investment in firmed renewable energy and storage after the existing Capacity Investment Scheme winds down in 2027, Cameron considers key points including:  

  • Consultation with states.  
  • Responding to the changing generation mix.  
  • Uncertainty of revenues for new gas and long-duration storage technologies.  
  • Revenue hedging and the need for capacity payments. 

Download the full EPIA policy paper here: https://874c49ec-8efc-49b8-a58b-6b6f63a4df69.usrfiles.com/ugd/874c49_5a29dc6a1d0d4b08b7bca1e92ce3f8eb.pdf

Released December 2024

Back

Acknowledgement of Country

Marsden Jacob Associates acknowledge the Traditional Custodians of the lands and waters across Australia where we conduct our business. We pay our respects to their Ancestors and Elders past and present.

Exploring the impact of the Australian Government’s 2024 Nelson Review and its role in supporting ongoing investment in firmed renewable energy and storage.