• The Australian Energy Market Commission (AEMC) released a final report for the Power of Choice Review which recommends that State and Commonwealth governments support substantial reforms to the National Electricity Market (NEM) 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 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 Australian Energy Regulator (AER) published a final determination following its review of the cost thresholds associated with the Regulatory Investment Test for Transmission that transmission companies must apply in instances where the costs of proposed transmission investments are above certain cost thresholds.
  • The AEMC published its final position paper on new rules to regulate electricity network prices.  The new rules improve the regulator’s capacity to determine network price increases so consumers don’t pay more than necessary for reliable supplies of electricity and gas, and enable the AER to review past efficiency of network spending when determining revenues and prices for network businesses.
  • The AER released its draft decision on the ElectraNet transmission determination for 1 July 2013 to 30 June 2018, and on the Murraylink transmission determination for the period 1 July 2013 to 30 June 2023.
  • The AEMC published a draft report for the review of compensation arrangements following an administered price, market price cap or market floor price.
  • The AER published a draft version of its revised Retail Exempt Selling Guideline for consultation and will accept stakeholder comments until 11 January 2013.
  • The AEMC Reliability Panel published its draft report on the Energy Adequacy Assessment Projection (EAAP) review.  With the exception of making a minor cross-referencing update, the Panel’s findings are to maintain the existing provisions for the EAAP under the National Electricity Rules, including the current three-monthly reporting requirement.
  • The AEMC published an options paper as part of its advice on the resilience of financial relationships in the NEM.  This project will provide advice to energy ministers on risks arising from the financial interdependencies between electricity market participants and the impacts of those risks for consumers.
  • The Reliability Panel has released the draft report under its annual market performance review, setting out the Panel's preliminary assessment of the performance of the NEM during the 2011-2012 financial year in terms of the reliability and security of the power system.
  • The AEMC Chairman addressed the Australian National University H C Coombs Forum, speaking primarily about the wholesale market and the impact of the changing technology mix on market outcomes.