Competitive wholesale electricity market announced

The Northern Territory Government announced that a competitive wholesale electricity market will be implemented, consistent with recommendations made by the independent panel in the Roadmap to Renewables report.

Northern Territory Electricity Market (NTEM), tailored to the Territory’s circumstances, will be developed. The NTEM is to ensure that the growing interest in renewable energy can be facilitated in the Darwin-Katherine power system in a way which will deliver lower cost generation and reliable power to Territorians. Government has committed to working closely with stakeholders on the NTEM design and implementation.

The NTEM is expected to be up and running within 12 months, and government will work closely with stakeholders on design and implementation.

The Government also announced that consultation would begin shortly on a review of supply and feed-in tariffs.