Energy

  • The Australian Energy Market Commission (AEMC) Annual Report outlines the 29 rule change projects, 14 market reviews and 5 market development advice papers as well as other highlights over the 2011-2012 period.
  • The AEMC Reliability Panel has published its final report on the Energy Adequacy Assessment Review (EAAP), finding that the EAAP provided benefits to the market and to stakeholders while imposing minimal ongoing costs.  The panel did not recommend any substantive changes to the existing EAAP arrangements under the National Electricity Rules.
  • The Australian Energy Regulator (AER) released its issues paper for consultation on the Regulatory Investment Test for Distribution (RIT-D) and application guidelines. The RIT-D will replace the current Regulatory Test for distribution projects.
  • ElectraNet and Murraylink have submitted revised revenue proposals responding to the AER’s draft decision on its electricity transmission determination for the regulatory control period 1 July 2013 to 30 June 2018.
  • The AER published a final decision following its review of claimed Demand Management Innovation Allowance expenditures in 2011 by CitiPower, Jemena Electricity Networks, and SP AusNet, approving the claimed expenditures. 
  • The Australian Energy Market Comission (AEMC) final report for the Power of Choice Review recommends that State and Commonwealth governments support substantial reforms to the National Electricity Market to give consumers options in the way they use electricity. An implementation plan and information graphic detailing the final recommendations is also available.
  • The AEMC published a draft report for the review of compensation arrangements following an administered price, market price cap or market floor price.
  • The AEMC released a draft report proposing the introduction of a national framework for state and territory governments to set efficient reliability targets for distribution networks.  Jurisdictional governments retain responsibility for setting reliability standards under the AEMC’s framework.  The proposed framework contains a sequence of stages for regulators to adopt which starts with consumer consultation and the selection of reliability outcomes.
  • The AER published a Guideline outlining what will constitute Significant Price Variations in the gas Short Term Trading Market for the purposes of the AER’s reporting obligations under rule 498 of the National Gas Rules.
  • The AER published its sixth State of the Energy Market report, explaining the factors that have driven up energy prices and the range of policy and regulatory initiatives under way to address the problem.
  • The AER has approved increases in Victorian electricity network tariffs for the period 1 January 2013 to 31 December 2013 for the distribution network service providers (DNSPs), CitiPower, Powercor, SP AusNet, Jemena Electricity and United Energy.
  • The National Electricity Rules require The Australian Energy Market Operator (AEMO) to prepare and provide a report to the Reliability Panel each year on the accuracy of the demand forecasts in the electricity statement of opportunities (ESOO).  The Reliability Panel has received and published the latest report.
  • The AEMC called for public submissions on the issues paper which launches the consultation process for its review of competition in NSW retail electricity and natural gas markets.
  • The AEMC released the final report for its Last Resort Planning Power 2012 Review in relation to the National Electricity Market.