AEMO Energy Update June 2014

JUNE 2014

ELECTRICITY CONSUMPTION CONTINUES DOWNWARD TREND P3 NEM GENERATION FLEET EVOLVES IN CHANGING ENERGY LANDSCAPE P4 GAS SHORTFALLS MAY REDUCE BY 2020 P5 Energy Update June 2014

P1

UPDATE FROM MANAGING DIRECTOR AND CEO MATT ZEMA Unprecedented interest in Australia’s energy sector in light of major industry changes reinforces AEMO’s commitment to address major challenges and remain focused on delivering our long-term strategic priorities. This commitment is particularly relevant as we recognise our fifth birthday on 1 July 2014 and reflect on our achievements to date.

One of the biggest challenges facing the sector is the continuing decline in electricity consumption, which has longterm implications for the industry and consumers. Our latest demand forecasts show that electricity supplied from the National Electricity Market (NEM) is declining and is forecast to continue its decline for the next three years, aside from some growth in Queensland as a result of liquefied natural gas (LNG) projects.

Declining consumption also affects the outlook for electricity generation, as outlined in our latest Supply–demand Snapshot. This quarterly update to the Electricity Statement of Opportunities reflects a generation fleet evolving in light of renewable energy policies, future fuel cost expectations, and reduced consumption.

Gas is another story: AEMO’s May update to the 2013 Gas Statement of Opportunities revealed a possible reduction in domestic gas shortfalls in the medium term to 2020, particularly in New South Wales and Queensland. It also indicated recent changes to infrastructure and demand that could influence natural gas investment on Australia’s east coast.

Read the details on page 5.

In this challenging environment we’re conscious of the operating challenges industry faces. AEMO’s Board has approved our 2014-15 Budget and Fees, with a total budgeted expenditure for the next financial year that’s $2.2 million lower than last year. We’ll continue to identify efficiencies to minimise the impact of reduced demand on participant fees, while rolling out a program for the coming year that delivers more value for stakeholders.

Our 2014-15 value propositions include developing national electricity connection point forecasts and a national gas forecasting report for the first time, a focus on identifying performance improvements to the Victorian Declared Wholesale Gas Market and Short Term Trading Market, and redevelopment of the Gas Bulletin Board to provide energy markets with timely, robust, and transparent information.

AEMO’s achievements since 1 July 2009 reflect a successful transformation from six disparate, market-focused organisations.

We’re proud of our role as the national market operator, and our achievements in improving energy markets in eastern and south-eastern Australia.

While this is a great time to reflect, our focus remains on addressing the ongoing issues facing the sector, and the challenges they present for market participants, governments, and consumers.

AEMO’s achievements since 1 July 2009 reflect a successful transformation from six disparate, marketfocused organisations

CONTENTS 02 Update from the Managing Director and CEO

06 AEMO turns five

03 Electricity demand continues downward trend

08 Victorian Annual Planning Report identifies opportunities

04 NEM generation fleet evolves in changing energy landscape

09 AEMO and ASX commence Energy Clearing design study

05 Gas shortfalls may reduce by 2020

P2

Energy Update June 2014

10 In brief

ELECTRICITY CONSUMPTION CONTINUES D O W N WA R D TREND Electricity consumption in the National Electricity Market (NEM) is forecast to decline over the next three years.

“Outside Queensland, in the short term, the decline in energy-intensive industry— such as the closure of the Point Henry aluminium smelter in Victoria later this year—and the continuing influence of consumer behaviour on residential and commercial consumption contribute to an overall reduction in electricity use.”

AEMO’s 2014 National Electricity Forecasting Report (NEFR) published this month shows that excluding liquefied natural gas (LNG) projects in Queensland, there is a 1.1% average annual decrease in overall NEM electricity consumption in the short term to 2016-17, reflecting a 3.0% average annual reduction in large industrial consumption.

In addition to the decline in large industrial consumption outside Queensland, the NEFR shows reduced residential and commercial consumption in most NEM regions, due to strong growth in rooftop photovoltaic (PV) system installations and ongoing energy efficiency savings in response to high retail electricity prices over recent years.

“The 2014 NEFR shows electricity consumption continuing to decline in the short term, if LNG is excluded,” said AEMO Group Manager Forecasting Joe Spurio. “Queensland is the only NEM region with a sizeable forecast rise in consumption, with LNG projects ramping up gradually next financial year contributing to average annual growth of 4.1% overall and 16.4% for large industrial in that state,” Mr Spurio said.

In the short term, rooftop PV output is forecast to grow in all regions as PV system costs continue to fall while government financial incentives remain static. Across the NEM, annual average growth of 23.6% in rooftop PV is driving down overall consumption from the grid.

In 2013-14, rooftop PV results in a 2.9% reduction in consumption from the grid.

Queensland and Victoria show the strongest growth in rooftop PV installations, with forecast growth of 27.6% and 26.1% respectively to 2016-17.

“There is a 0.5% average annual reduction in residential and commercial consumption across the NEM, driven by rooftop PV installations and energy efficiency savings,” he said.

The 2014 forecast compares to the sustained average annual decline of 1.8% that occurred between 2009-10 and 2013-14, which was partially driven by sustained price rises over the past five years, mostly due to rising network costs.

Interestingly, maximum demand forecasts are growing at a marginally higher rate than annual energy consumption in all NEM regions, except Queensland. This leads to peakier maximum demands shifting to later in the day due to the impact of rooftop PV, especially in South Australia.

To more accurately reflect real-world economic conditions, the 2014 NEFR provides a greater focus on short-term forecasts, and includes an increased large industrial customer sample for more representative data.

The 2014 NEFR is available on AEMO’s website.

Year-on-year increases in energy efficiency savings, attributed to appliances, buildings, and industry mainly driven by Federal Government initiatives, are also forecast over the period to 2023-24.

NEM ANNUAL ENERGY 250,000

NEM with no LNG Decline = 1.1%

200,000

LNG

Kurri Kurri closes

Point Henry closing

TWh

150,000

100,000

NEM with LNG Growth = 0.4%

AL SMELTER OTHER INDUSTRIAL

Decline in residential/ commercial demand due to rapidly rising prices

Carbon price increases the rate of decline Increasing PV and energy efficiency measures reduce grid consumption

50,000

Recovery in income growth 2008-09

2009-10

2010-11

2011-12

2012-13

2013-14

2014-15

2015-16

2016-17

FINANCIAL YEAR TRANSMISSION LOSSES INDUSTRIAL (AL SMELTER) TOTAL ENERGY EFFICIENCY ADJUSTMENT

RESIDENTIAL/COMMERCIAL INDUSTRIAL (LNG) ANNUAL ENERGY

INDUSTRIAL (NON LNG and SMELTER) PV ANNUAL ENERGY - NO LNG

Energy Update June 2014

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N E M G E N E R AT I O N F L E E T E V O LV E S I N CHANGING ENERGY LANDSCAPE AEMO’s latest Supply–demand Snapshot shows the National Electricity Market (NEM) generation fleet continuing to evolve in response to government renewable energy policies, future fuel cost expectations, and changing electricity consumption trends.

“AEMO is providing more timely and relevant information to the market by including the annual generator survey results in the May Snapshot rather than in the August ESOO,” said AEMO Manager Supply Forecasting, Nathan White.

Based on the latest generator survey findings, the May Snapshot shows that around 6,000 MW of generation is no longer being pursued. About threequarters of this (4,530 MW) involves gas projects, mostly in Queensland, which reflects the changing assumptions around gas prices.

“To provide more timely and targeted information, each quarterly Supplydemand Snapshot has a specific focus,” Mr White said.

“The May publication looks at generation capacity in detail, the August report will include detailed modelling of supply adequacy and recap on the previous 12 months, the November snapshot will analyse emerging supply-demand sensitivities, and in February we will focus on demand trends and how forecasts are tracking.”

Mr White said an evolving policy environment, fuel cost expectations, and reduced electricity consumption are key drivers of change in the NEM generation fleet.

“Since the last snapshot was published in February 2014, changes to large-scale generation projects include retirement of thermal power stations in Queensland,” he said.

“Most newly-announced and committed generation is renewable, including large-scale solar farms, wind generation developments, and a new wave-generation project in Victoria,” said Mr White.

To provide more timely and targeted information, each quarterly Supplydemand Snapshot has a specific focus

The downward trend in consumption from the grid over the last five years has continued in the current financial year, trending below forecast in 2013-14 at an average 2.6% lower than the prevailing forecast.

This is driven by lower-than-expected consumption in the residential, industrial, and commercial sectors.

30,000

25,000

Generation Capacity

The quarterly Snapshot updates the annual Electricity Statement of Opportunities (ESOO). The May update features the findings of AEMO’s annual generator survey, outlining changes in existing and proposed generation capacity, which can impact the adequacy of electricity supply to meet demand.

20,000

15,000

10,000

5,000

0

Proposed Committed Existing (Withdrawn) Existing

Combined Cycle Gas Turbine

Open Cycle Gas Turbine

Gas other

Coal

Biomass

Geothermal

Water

Solar

Wind

Other

550

5,635

165

2,000

6

523

399

1,252

14,696

–

–

–

6

–

–

–

1

219

702

–

385

–

–

1,855

–

–

–

–

–

–

2,731

6,384

2,737

24,980

193

–

7,987

3

2,807

172

NEM existing and proposed projects by generation type (MW) at October 2014

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Energy Update June 2014

GAS S H O R T FA L L S M AY R E D U C E BY 2020

QCLNG Project Curtis Island—Photo courtesy of QGC

AEMO will increase its focus on gas forecasting in 2014 and is preparing a National Gas Forecasting Report for release later in the year.

Other key changes include increasing the frequency of gas market updates, aligning the GSOO and Victorian Gas Planning Report publications, and the recent launch of the Wallumbilla Gas Supply Hub, a new gas commodity trading market.

The May 2014 GSOO Update is available on AEMO’s website.

The GSOO Update is produced periodically to accommodate the dynamic nature of the eastern and south-eastern Australian gas industry, including changes to infrastructure and demand that could influence natural gas investment. The May 2014 update is based on information as at March 2014.

2

1

GSOO Update

2020

2019

0

2018

Gladstone shortfalls are expected to total 16,578 terajoules (TJ) spread evenly across the year in 2020 (down from 48,356 TJ).

This reduction is driven by the new five-year Origin–Gladstone Liquefied Natural Gas (GLNG) supply agreement, which replaces 55 TJ/day of gas in Queensland previously drawn from other sources.

3

2017

Medium-term modelling shows these shortfalls could reduce by almost 66 PJ compared with similar modelling in November 2013.

4

2014

Projected gas shortfalls to 2017 reach up to two petajoules per year (PJ/year) across Gladstone and Mount Isa.

5

Potential shortfall (PJ)

The May GSOO Update shows that the short-term outlook remains unchanged to 2017; however, the medium-term outlook shows reduced shortfalls, particularly in New South Wales and Queensland.

6

2016

The eastern and south-eastern Australian gas industry is undergoing a period of marked change. The domestic market is increasingly influenced by liquefied natural gas (LNG) exports, and total gas demand is expected to treble within the next two decades.

New South Wales shortfalls of 47 TJ are expected across four winter days in 2020 (down from 2,083 TJ across 86 days, with 75 in winter). This reduction is driven by a proposed 100 TJ/day development at Narrabri in New South Wales from 2018.

2015

A May update to AEMO’s Gas Statement of Opportunities (GSOO) shows projected domestic gas shortfalls may reduce in the medium term (2018-20) compared to the GSOO published in November last year.

2013 GSOO

Gas shortfalls: May 2014 GSOO Update compared to 2013 GSOO Energy Update June 2014

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AEMO TURNS FIVE THE ROAD TO AEMO’S FIRST FIVE YEARS 1 JULY 2005

1998

The National Electricity Code is replaced by the National Electricity Law and Rules.

The Australian Energy Market Commission and the Australian Energy Regulator are created.

25 SEPTEMBER 1998

13 APRIL 2007 The Council of Australian Governments agrees to establish AEMO as a single national market operator for electicity and gas.

The Australian Wind Energy Forecasting System is implemented, providing accurate forecasts of wind generation output in the NEM.

DC

The Longford gas explosion occurs in Victoria, a major event that leads to increased interstate gas interchange and a push for more disaggregated sources of gas supply.

2007

11 SEPTEMBER 2008

29 MAY 2005 Tasmania joins the NEM as the sixth and final region.

The Tasmanian region becomes interconnected on 29 April 2006 with the activation of Basslink.

29 AUGUST 2008

2008

13 DECEMBER 1998

- Ad el ai

de Pi pe

lin e

Sy st

em

2005 Dubbo

M oo

m ba

The National Electricity Market (NEM) begins operation.

DECLARED TRANSMISSION SYSTEM OTHER TRANSMISSION PIPELINES

The AEMO Board approves the appointment of Matt Zema as AEMO’s inaugural Managing Director and Chief Executive Officer (CEO).

Matt is seconded from Victorian Energy Networks Corporation (VENCorp) to AEMO (Transitional) Ltd to manage the transition.

SYDNEY

INJECTION POINT CITY GATE COMPRESSION STATION LNG LIQUIFIED NATURAL GAS STORAGE

NEW SOUTH WALES Koonoomoo

VICTORIA Gas Pipelines Victoria

NSW Interconnect Euroa

Ballarat

Hamilton Western Transmission System

Cobden Portland UGS

Woolert CS

Winchelsea CS (2015)

South West Pipeline

SEA Gas Iona

Aulbury Wodonga

Springhurst CS

Bendigo Carisbrook

SEA Gas Pipeline

Culcairn

Echuca Kyabram

DC

DC

DCG DANDENONG CITY GATE

Geelong

Eastern Gas Pipeline

Brooklyn CS LNG DCG

Bass Gas Longford Gooding CS Longford Pipeline Pipeline Lurgi Pipeline

VicHub and Longford

Casio, Minerva, Geographe and Thylacine Fields

Bass Straight Fields

Tasmanian Gas Pipeline Yolla

The Victorian Declared Wholesale Gas Market is established.

15 MARCH 1999

1999

P6

Energy Update June 2014

The Gas Bulletin Board commences.

1 JULY 2008

The Ministerial Council of Energy approves the appointment of the AEMO Board.

31 JULY 2008

On 1 July 2014, AEMO will commemorate a five-year milestone since it was first established to manage the National Electricity Market (NEM) and gas markets on 1 July 2009.

Created by the Council of Australian Governments (COAG) and developed under the guidance of the Ministerial Council on Energy (now known as the COAG Energy Council), AEMO brought together responsibilities for electricity and gas market functions, NEM system operations, Victoria’s gas transmission network management, and national transmission planning into a single independent organisation for the longterm interests of Australian consumers.

We’ve outlined some of our key achievements to date.

30 SEPTEMBER 2008

1 SEPTEMBER 2010

The first AEMO News is published, an additional step in AEMO’s transitional journey to 1 July 2009.

The Gas Short Term Trading Market commences at the Sydney and Adelaide hubs. The Brisbane hub joins 1 December 2011.

AEMO NEWS

COUNTDOWN TO

01 JULY

NEWS

MAR APR MAY JUN JULY

AUSTRALIAN ENERGY MARKET OPERATOR EMPLOYEE NEWSLETTER

MARCH EDITION 2009

“AEMO will be your business – a dynamic new entity composed of the strengths of its six founding organisations and their significant contributions to the energy sector.”

MESSAGE FROM THE CEO MATT ZEMA

Welcome to the first edition of AEMO News – a monthly publication to keep you updated as we progress towards 1 July. AEMO will be your business – a dynamic new entity composed of the strengths of its six founding organisations and their significant contributions to the energy sector. This includes NEMMCO and the National Electricity Market; VENCorp and the Victorian gas market; REMCO, GMC and GRMO which oversee retail gas markets in South Australia, New South Wales and Queensland respectively; and ESIPC which has had enormous input into South Australia’s electricity industry for close to a decade.

This is an exciting time for us all. We have completed a number of major milestones in the transition process with the move to AEMO now a reality. A key plank of the building and transition work has been achieved – the development of an organisational structure that brings all of the foundation entities comprising AEMO together under the one framework. This structure has been designed to draw on the vast experience, skills and expertise of the people who make up AEMO, while providing the foundations that will support AEMO’s growth and delivery of new functions over the coming years.

PG 02

AEMO’S EXECUTIVE TEAM PG 03

THE AEMO BRAND SETS A NEW VISUAL DIRECTION PG 04

PATHWAY TO 1 JULY

On page 2, you will read more about the new organisational structure that was presented to you on 20 February. I will soon meet with the AEMO executive leadership team to map out the specific responsibilities that fall under each departmental area.

You have now seen the new brand mark which forms the visual identity for our organisation.

Extensive research and consultation contributed towards building a brand identity that would not only define the ‘look and feel’ of AEMO, but would also capture who we are and what our organisation strives to achieve.

For the first time in Australia’s history, a truly national energy market operator – spanning multiple states, jurisdictions and communities – will be focused on delivering gas and electricity services which are more attuned to the changing needs of a growing population. The brand mark represents the wide span of AEMO and the

networks we will continue to forge by connecting industry, governments and consumers.

We believe it is an expression of ourselves – the team that is AEMO. You will have all either attended a briefing session or in the past week viewed the presentation by Tom Parry and me. As a team, we have much work ahead of us and the next few months will prove demanding and exciting.

Aside from our business as usual activities, there will be a number of key priorities we will continue to progress to facilitate the transition.

The finalisation of legislation and employment instruments, establishment of our corporate Vision, Mission and Values and development of the AEMO website remain important areas of focus.

The Transitional Steering Committee is also working closely on a range of activities that will draw together the business functions of the six foundation entities into the AEMO organisation.

The transitional program is critical to ensuring we are prepared for our 1 July start by reviewing all legal, financial, HR, governance, planning, IT, communication and emergency procedures.

I encourage you to remain focused on your day to day priorities and to maintain the excellent standards which define your current organisations. The success of AEMO will be derived from the strengths of its people who each have a vital role in establishing the organisation as a leader within the energy industry. AEMO will bring new challenges but also considerable opportunity for your own professional growth and development.

I look forward to working with you in building our AEMO.

2010

In the meantime, if you have any questions about the new organisation please speak to your executive manager or your HR manager who will endeavour to provide you with more information.

Until next time...

Matt Zema Chief Executive Officer AEMO

15 DECEMBER 2010 AEMO publishes the first National Transmission Network Development Plan, providing an independent, strategic view of efficient NEM transmission network development over a 20-year planning horizon.

2012 29 JUNE 2012

2009

2 JULY 2009 (AEMO is two days old) A transformer failure at Bayswater Power Station causes NEM-wide load shedding. The event was managed effectively, reflecting AEMO’s successful transition.

1 JULY 2009 20 FEBRUARY 2009 Managing Director and CEO Matt Zema announces AEMO’s new organisational structure, brand identity, and strategic vision prior to 1 July 2009.

AEMO forms as a single organisation with the collective strength and expertise of its founding entities. It incorporates all of the functions previously carried out by the founding organisations and, in addition, is responsible for electricity transmission planning as a critical new role.

AEMO’s publishes the first independent electricity forecasts. The 2012 National Electricity Forecasting Report shows a 2.4% reduction in annual energy consumption; the first time Australia has seen such a decrease since the NEM was established.

2013 9 JANUARY 2013 AEMO and ElectraNet propose an upgrade of the Heywood electricity network interconnector between Victoria and South Australia.

LOOKING TO THE FUTURE AEMO is well positioned to evolve, adapt, and add continued value to our stakeholders within a constantly changing energy landscape.

30 MAY 2014 AEMO deploys Australian Solar Energy Forecasting System to provide generation forecasts for large-scale solar generators.

20 MARCH 2014 AEMO launches the Wallumbilla Gas Supply Hub as a voluntary market providing a low-cost, flexible way to trade gas at interconnecting transmission pipelines, and improve the transparency and reliability of supply.

2014

Energy Update June 2014

P7

VICTORIAN PLANNING REPORT IDENTIFIES OPPORTUNITIES The 2014 Victorian Annual Planning Report (VAPR) published this month identifies a range of investment opportunities to address emerging network constraints.

Accordingly, the 2014 VAPR identifies a number of key investment opportunities to address constraints in the network over the next 10 years, including on the Rowville–Malvern, Rowville–Springvale– Heatherton, and Keilor – Deer Park– Geelong lines in metropolitan Melbourne, and the Dederang–Shepparton and Ballarat–Horsham lines in Regional Victoria.

For the first time, the report also explores how Victoria’s economic planning approach can be used to measure network reliability.

The VAPR also highlights opportunities for non-network solutions such as embedded generation and demand response to address emerging constraints. This could enable AEMO to implement lower-cost solutions to address network constraints.

AEMO publishes the VAPR, which considers the adequacy of the electricity transmission declared shared network (DSN) to meet its reliability requirements over the next 10 years and signals possible network and non-network transmission investment opportunities.

Although overall maximum demand is slowing across the Victorian region, there are areas where maximum demand growth necessitates network investment.

This is mainly due to population growth.

The report identifies several constraints in Greater Melbourne and Regional Victoria that were previously identified as requiring investment, and can now be deferred due to decreased regional electricity maximum demand; and announced closures of the Point Henry aluminium smelter and vehicle manufacturing plants.

For example, an opportunity to address the Geelong–Moorabool 220 kV line constraint identified in the 2013 VAPR has been deferred beyond the 10-year planning horizon, predominantly as a result of the Point Henry smelter closure.

Network reliability can be difficult to measure. Traditionally it has been measured with reference to redundancy levels. AEMO is now exploring how transmission network reliability can be measured in a way that informs investment, replacement, and operating decisions.

The 2014 VAPR is available on AEMO’s website.

P8

Energy Update June 2014

AEMO AND ASX COMMENCE ENERGY CLEARING DESIGN STUDY

Drawing on the skills of AEMO’s physical market operations and the Australian Securities Exchange’s (ASX) financial market expertise, AEMO and the ASX have been collaborating to explore solutions to clear and settle energy markets more efficiently.

AEMO’s role of settling all physical trades in Australia’s National Electricity Market (NEM) involves receiving payments from retail businesses that purchase wholesale energy from the NEM, and using that money to make payments to generators that supply energy to the market. Large amounts of collateral are lodged with AEMO by participant businesses to secure those payments in accordance with the NEM Prudential Standard.

This collaboration aims to identify solutions that enable derivative and physical trades to be cleared and settled through a more integrated process, facilitating offsets between the different trades. The benefit for participants would be the reduced amount of capital that they would be required to provide while still meeting the Prudential Standard, in addition to administrative savings.

The ASX facilitates trading and clearing of some of the derivative trades that participants in the NEM use to manage their exposure to market prices, in addition to holding collateral against those trades in its role as a clearing house.

AEMO and ASX have developed a number of conceptual designs. They have recently jointly approached a cross section of electricity businesses to participate in a design study that will refine these concepts and determine the merits of doing further work based on the value of these solutions to the industry.

It is anticipated that the design study will reach some conclusions by the end of the year.

This collaboration aims to identify solutions that enable derivative and physical trades to be cleared and settled through a more integrated process

Energy Update June 2014

P9

IN BRIEF A E M O ’ S B L U E P R I N T A N D B U D G E T S E T F O R 2 014 -15 AEMO released its Statement of Corporate Intent and 2014 -15 Budget last month, outlining plans to deliver continued value to stakeholders.

The Statement of Corporate Intent also reaffirms AEMO’s vision, mission, and values, and the core objectives which underpin its five key corporate drivers for success.

AEMO identifies four major initiatives (value propositions) in the Statement of Corporate Intent for 2014-15. These will deliver value by redeveloping the National Gas Bulletin Board, developing in-house national gas forecasts and electricity connection point forecasts nationally; and improving gas market resilience to operational risks.

AEMO has also released its final 2014-15 Budget following stakeholder feedback received in March 2014. The document outlines AEMO’s operating expenditure and fees associated with each of its market functions and services.

AEMO is also looking to add value by implementing more cost-effective frequency control ancillary service (FCAS) solutions in Tasmania to maintain power system reliability and better understand the impact of renewable generation on the electricity system.

“We believe it is through these value propositions that we will provide the most benefits to key stakeholders in the new financial year,” said AEMO Managing Director and Chief Executive Officer Matt Zema.

“Our clear direction enables us to deliver on our core functions, while improving the way we run our markets in a dynamic operating environment,” said Mr Zema.

“In the current environment where industry is feeling the pressure of falling energy consumption, we continue to apply commercial discipline to control our costs,” said Mr Zema.

“AEMO’s total budgeted expenditure for 2014-15 is $141 million, a reduction of $2.2 million or 2% compared to the 2013-14 budget. In addition, AEMO’s costs for the National Electricity Market (NEM) function are budgeted to decrease by 3% from 2013-14.”

C A L L I N G F O R “ E M P O W E R E D ” G R A D U AT E S AEMO is inviting graduates to apply for the 2015 intake of its highly regarded Graduate Development Program (GDP) to start in February next year.

AEMO’s three-year GDP is underpinned by the notion that AEMO “empowers” its graduates to take control of their destiny, and develop and progress their own careers within the Australian energy industry.

Graduates have the opportunity to develop careers in engineering,

business analysis, statistical modelling, forecasting, economics, econometrics, and information technology; and to work alongside a team of technical experts in a supportive on-the-job learning environment.

“AEMO’s EMPOWERED program allows graduates to benefit from participating in real projects with real responsibility, and to work alongside some of the brightest energy-focused minds in Australia,” said AEMO Executive General Manager People and Culture, Maree Gardner.

“It also provides graduates with a unique insight into life at executive level, with exposure to the CEO and Executive Leadership Team, and AEMO’s Board of Directors,” said Ms Gardner.

Location

Date

Overview of the Victorian Declared Wholesale Gas Market

Melbourne

1 August

NEM Overview

Melbourne

8 August

Overview of the Short Term Trading Market

Brisbane

22 August

Energy Update June 2014

Applications for the 2015 intake opened on 16 June 2014 and close on 20 July 2014. For further information, graduates can visit AEMO’s graduate website page or email graduates@aemo.com.au.

Twitter

Course

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“In addition to academic qualifications, we’re looking for excellent communication and analytical skills and the right mix of behaviours and attitude. To be successful, graduates will need to be inquisitive, flexible, driven, engaging, and teamminded—and therefore EMPOWERED,” Ms Gardner said.

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AEMO TRAINING For more details and to register for a course, visit AEMO’s Learning Centre website.

Graduates also have the opportunity to become chartered engineers and/or explore further study with financial support from AEMO.

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