1.1. By end-September 2017, the Australian Energy Market Operator should publish an independent third party review of its: • Short-term demand forecast methodology. • FY2018 summer forecast. • Preparedness for the FY2018 summer. --- 2.1 A package of Energy Security Obligations should be adopted. --- 3.1. By 2020, the Australian Government should develop a whole-of-economy emissions reduction strategy for 2050. 3.2. There is an urgent need for a clear and early decision to implement an orderly transition that includes an agreed emissions reduction trajectory, a credible and enduring emissions reduction mechanism and an obligation for generators to provide adequate notice of closure. [...] • The Panel recommends that the Australian and State and Territory governments agree to an emissions reduction trajectory for the National Electricity Market. [...] With the additional context that a Clean Energy Target can be implemented within an already well understood and functioning framework, and has better price outcomes, the Panel recommends a Clean Energy Target be adopted. --- 3.3 To complement the orderly transition policy package, by mid-2018 the Australian Energy Market Commission and the Australian Energy Market Operator should develop and implement a Generator Reliability Obligation. ---