National Electricity Market
The National Electricity Market (NEM) is the name of the Australian wholesale electricity market and the associated synchronous electricity transmission grid.
The NEM began operation on 13 December 1998, and operations are currently based in five interconnected regions - Queensland, New South Wales, Tasmania, Victoria and South Australia. Tasmania was the last state to join the NEM as the sixth region in May 2005 and became fully operational on 29 April 2006 when the Basslink interconnector was fully activated.
The Snowy region was abolished on 1 July 2008 and the components split between New South Wales and Victoria. The Australian Capital Territory is included in the NSW region of the NEM.
The NEM operates one of the world’s longest interconnected power systems between Port Douglas, Queensland and Port Lincoln, South Australia with an end-to-end distance of more than 4000 kilometres. Over A$11 billion of electricity is traded annually in the NEM to meet the demand of almost eight million end-use consumers.
Read more about National Electricity Market: Operation of The NEM Physical Market, System Reliability, Financial Markets, Enforcement, Outcomes
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