Nelson Review: How the ESEM and other NEM reforms impact BESS
Australia’s power system is shifting from fuel-driven price formation to a world dominated by renewables, storage and demand flexibility. The first draft of the Nelson Review concludes that the NEM should maintain its energy-only core, but adjust the rules to ensure pricing remains efficient as variability and volatility increase. It also recommends the introduction of a long-dated investment backstop via the Electricity Services Entry Mechanism (ESEM).
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