The Capacity Investment Scheme
Registration for the Capacity Investment Scheme (CIS) Tender 4 – National Electricity Market (NEM) - Generation (CIS Tender 4) is now open.
Final Tender Guidelines and draft Capacity Investment Scheme Agreement (CISA) for CIS Tender 4 – NEM Generation will be published in the Tender upon opening of Stage A, expected 13 December 2024.
Market Brief
The CIS Tender 4 Market Brief provides an overview, indicative timeframes and updates to policy positions for Tender 4.
Information in the Market Brief may be subject to change and will be superseded with the publication of the Tender Guidelines and draft Capacity Investment Scheme Agreement (CISA) when the Tender opens.
About the Tender
Tender 4 is seeking an indicative target of 6 GW of renewable generation projects in the NEM. Registration is now open and expected to close 11 February 2025. The registration period has been extended for Tender 4 to align with the anticipated announcement of CIS Tender 1 successful projects and to accommodate the end of year shut-down period.
Stage A for project bids is expected to open on 13 December 2024. Proponents will have until 18 February 2025 to submit project bids for this Tender.
Projects that are unsuccessful in CIS Tender 1 – NEM Generation are able, and encouraged, to participate in CIS Tender 4.
Renewable Energy Transformation Agreement (RETA) allocations
The Australian Government has released a Market Brief on Renewable Energy Transformation Agreement allocations by jurisdiction.
The brief provides information on CIS capacity allocations by jurisdictions, agreed through RETA negotiations. Proponents should read this brief to understand CIS allocations, including generation allocations by jurisdictions for CIS Tender 4.
About AEMO and AEMO Services’ Role
AEMO and AEMO Services have been engaged to support the roll-out of the Australian Government’s Capacity Investment Scheme (CIS) as tender delivery partner, bringing together our expertise in energy markets, modelling and infrastructure finance and procurement. AEMO Services is conducting the competitive tender process that will enable the Australian Government to determine which projects the scheme should support.
Our work will help the Australian Government secure reliability and security in energy supply for households and businesses across Australia. We will conduct a two-stage tender process, assessing overall project merit including social licence and financial value. The Australian Government Minister for Climate Change and Energy is the ultimate decision-maker, with a short-list of projects recommended to the Australian Government for final approval.
Last updated 28 Nov 2024