Ministers meet in Brisbane for the 12th COAG Energy Council
Post date: Monday, 10th July 2017
The 12th COAG Energy Council meeting was held on 14 July 2017 in Brisbane.
Energy Ministers today agreed a series of actions in response to the Final Report of the Independent Review into the Future Security of the National Electricity Market. Ministers reaffirmed their priority for secure, reliable and affordable energy for all Australians while reducing emissions.
The Australian Energy Market Operator presented its latest forecasts for supply and demand across the upcoming months, and the actions it has underway to ensure the secure and reliable delivery of electricity to meet peak demand during next summer.
Ministers discussed the Commonwealth’s Australian Domestic Gas Supply Mechanism, which gives the Commonwealth power to impose export controls on companies when there is a domestic gas shortfall, seeking to ensure gas supply for Australian households and businesses.
Mr Rod Sims, Chair of the Australian Competition and Consumer Commission, presented ministers with an update on progress of the Electricity Supply and Prices and the Gas Market Transparency Measures Inquiries, both of which are designed to shine a light on the behaviour of energy suppliers and ensure that energy pricing is fair and transparent.
More information about the meeting can be found in the Communique.