13Energy security target monitor reports

13 Energy security target monitor reports

13 Energy security target monitor reports

(1) The energy security target monitor is to report to the Minister about the energy security targets.

(2) A report is to be provided to the Minister—

(a) once a year, no later than 60 days after AEMO publishes a statement of opportunities under the National Electricity Rules, and

(b) at any time the Minister requests a report.

(3) A report must include the following—

(a) the energy security target for each of the following 10 financial years and how they were calculated,

(b) the firm capacity for each of the following 10 financial years and how they were calculated,

(c) an assessment of whether or not the firm capacity will meet the energy security target over the following 10 financial years,

(d) for a financial year in which the energy security target monitor considers the firm capacity will not meet the energy security target (a target breach)—

(i) the expected size of the target breach in megawatts, and

(ii) the expected duration of the target breach,

(e) information that may assist the Minister in considering what action, if any, the Minister intends to take in relation to a target breach,

(f) other information the energy security target monitor considers relevant,

(g) other matters prescribed by the regulations.

(4) In preparing the report, the energy security target monitor must—

(a) consult with the Secretary and AEMO, and

(b) take into account any matters prescribed by the regulations.

(5) The energy security target monitor must, if requested by the Minister, provide additional information or a clarification of a report.

(6) Before providing the information or clarification, the energy security target monitor must consult with the Secretary and AEMO.