Market Renewal Program business case posted

Based on an assessment of the operational, reliability and financial impacts and costs associated with implementation of the new energy market, a new MRP business case suggests net benefits will reach $800 million during the first 10 years – and continue well beyond that period. Most of the benefits foreseen are the result of aligning price and dispatch, and reducing the need for out-of-market payments; addressing instances and causes of gaming; providing information to incent good investments; and implementing changes that will address emerging system needs. Benefits are expected to accrue to the system, the sector and ultimately consumers.

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