PIAC responded the the Australian Energy Market Commission’s interim report into the Coordination of Generation and Transmission Investment (COGATI) process.
We highlight the process should focus on developing a whole-of-system planning and investment framework that delivers the transformation to a low-cost and zero- emissions sector in a timely and cost-effective manner.
We support the AEMCs proposed use of Locational Marginal Pricing but consider its case for Financial Transmission Rights (FTR) is weaker as it is not clear how they relate to network investment decisions or how network investments driven by the sale of or pay-out from FTRs is necessarily in the long-term interests of consumers.
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