(Reliability and Emergency Reserve Trader)
The Reliability and Emergency Reserve Trader (RERT) is a mechanism put in place when available electricity supply in the market cannot meet forecast demand and the Australian Energy Market Operator (AEMO) puts out a call for additional electricity capacity to be made available to the grid. This capacity comes from sources that are not otherwise available to the market.
On the 14, 15, and 17 June 2022, AEMO activated the Reliability and Emergency Reserve Trader in New South Wales and Queensland as there was not enough power to meet the electricity demands of residents and businesses in those states.
AEMO’s activation of RERT is an intervention event in accordance with the National Electricity Rules and undertakes such activations to maintain power system reliability and system security.
Next Business Energy has passed these additional RERT cost through to impacted customers in New South Wales and Queensland. Further additional costs due to RERT and activation of other AEMO and Electricity Market interventions are likely to be passed through to impacted Next Business Energy Customers at a later date.
More information regarding RERT can be found on the AEMO website here.
If you would like speak to a member of Next Business Energy’s Customer Experience team regarding the RERT charge, you can call 1300 466 398 or email us here.
* This page was last updated on Tuesday, 9th August 2022 *