AGL has made a submission to the Australian Energy Market Commission (AEMC) Review of the form of the reliability standard and administered price cap (APC) Draft Report. The submission emphasises the importance of maintaining the current reliability standard with improved communication to effectively manage the NEM's changing risk profile without imposing high consumer costs for rare unserved energy events. 

AGL supports maintaining the administered price cap (APC) at $600/MWh, as this better reflects true generator costs and addresses issues seen during the June 2022 NEM market suspension. AGL advocates for indexing the APC to the Consumer Price Index (CPI) to keep it aligned with market conditions and reduce the likelihood of market interventions. 

Read the full submission here.